China radiata pine log inventory is about 2.85m m3 with total softwood about 3.5m m3. Log demand has been just over 50k per day but has increased in the last week to 60k m3 per day. The CFR price range for A grade is currently 115-120 USD per JASm3 for A grade. This is 3-4 USD below July pricing. The CNY has strengthened against the USD so log exporters to China expect this will help to maintain pricing levels. The China Caixin Manufacturing PMI slipped in July to 49.8 from 51.8 in June ...
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