Log prices in March have decreased by approximately $10 per cubic meter compared to February, a decline that was somewhat anticipated, but the extent of it is concerning. Export log prices are influenced by three main factors: CFR price (the sales price in USD in the export market), shipping costs, and foreign exchange rates, all of which have contributed to the challenges we're facing this month. It's typical for the CFR price to decrease after the Chinese New Year holidays as Chinese industries gradually resume operations following the extended break. Post-holiday demand has been notably weak, leading ...
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