NZ log market steady despite Chinese New Year slowdown

The New Zealand log market has started 2025 on a steady note, with increased At Wharf Gate (AWG) export returns. However, the underlying demand remains largely unchanged from 2024. While export prices have risen slightly due to lower shipping costs and favorable exchange rates, supply levels remain a key factor that could impact sales prices. Chinese New Year impact and inventory levels The Chinese New Year (CNY) holiday period, which began on January 29, has led to temporary sawmill shutdowns as workers return to their home provinces. These closures typically last about four weeks, but this year’s ...