China log import market still sluggish in June; modest price increases

In June, China's log import market remained sluggish, with export prices showing only a very slight rise from May, which itself saw only a marginal increase from April. This prolonged stagnation marks the first time in 15 years that prices have not rebounded after hitting the market bottom. Despite the bottom of this cycle being $15/m³ higher than any dips in the last eight years, the situation remains challenging for the industry. The CFR price in China has seen a modest increase of around $10/m³ over the past three months. However, rising shipping costs and fluctuations ...