The rate of increase in log prices has slowed with some mills in China now struggling with the higher log prices. Chinese peeling factories are struggling to afford imported logs and are either changing to domestic eucalypt or poplar species, or in some cases smaller factories are shutting down production. Softwood log inventory has stabilised at around 4.2-4.3m which is positive as many expected stocks to increase as China had the May Day holidays. Daily port off-take is around 70-80k m3 per day. New bank loans in ...
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