Log demand in China has increased steadily while log stocks have decreased slightly. The fluctuating prices are due to effusive sentiment that the construction market was going to increase significantly. When the log demand didn’t increase as much as expected, log buyers and sellers started panicking. China softwood log inventory has dropped to 3.2-3.3m m3 with radiata accounting for about 2.9m m3. The stimulation packages announced by the Chinese government has not increased construction activity in China. Port off-take has remained steady at just over 70k per day. The biggest issue for ...
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