Sawmills report increased sale prices for lumber in Asian markets. These increases were agreed relatively quickly by the buyers which is unusual, so this may be an indication wholesaler in China are preparing for a busy construction season. The CFR prices have increased for New Zealand pine logs due to increasing demand as China enters the peak construction season. The price for A grade New Zealand pine logs has reached 120 USD which is commonly viewed as the price point where supply from Uruguay becomes viable. The logs from Uruguay are usually sold at a discount ...
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