Total softwood log stocks increased across China during the Lunar New Year holiday period to just over 4.1 million m3. Daily uplift from the ports has steadily increased since this holiday period with current estimates between 60-70,000 m3 per day. The rate of offtake over the next month will likely determine the market direction for the next three to six months. Over 2018 the total softwood log market remained balanced with the number of days inventory supply in the 40-50 range. Log exporters expect a similar balanced position to be sustained through ...
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