Domestic log prices in China have continued to firm in the last 4 weeks with the Chinese Government implementing a range of measures to off-set a potential construction sector collapse. This has restored confidence. The correlation between China domestic sales prices and the cost or New Zealand Radiata pine logs is a key market driver. At the same time, the containerized Southern Yellow Pine trade out of the US has dried, taking 500,000 – 600,000 cubic meters per month out of supply lines. This is due to a combination of US domestic new housing ...
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