Demand for softwood lumber in China could revitalize as new stimulus come into play

In a bid to rejuvenate its sluggish economy, the Chinese government has introduced new stimulus measures that could revitalize the struggling real estate sector. This development has significant implications for lumber consumption in the country. The ongoing contraction in the real estate market has led to a decline in new construction, adversely affecting the demand for softwood lumber. Consequently, this has posed challenges for China’s appetite for imported lumber. In late September, the People’s Bank of China (PBOC) announced an average reduction of 50 basis points in existing mortgage rates. This adjustment is part of a ...