China has come out of the Covid crisis with a huge amount of infrastructure spending which has, in turn, created sustained demand for all raw materials, softwood logs included. At the moment, Chinese softwood log and lumber imports are at the highest point ever, at around 8 million cubic meters per month. The Chinese Government has got into some trade war with Australia which has culminated in the banning of all Australian softwood imports into China. This has left a supply hole of around 400,000 cubic meters per month (10 per ...
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