Softwood log inventory in China has not risen in the last month and sits around 5.5m m3 although there is significant volume sitting on vessels. Daily port off-take has increased about 15k per day over the last month to around 75k m3 per day. Market participants in China expect further increases in demand over September. There is an audit underway of sawmills in the Lanshan area to see if they are achieving set environmental targets. Hopefully, this will not significantly impact log demand in the short term. ...
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