The China log market witnessed a period of stabilization over the past month, following a significant downturn. While there have been some positive developments, they have not been extraordinary. Despite weakening freight rates internationally, the charterers of log vessels in New Zealand (NZ) are facing challenges due to more localized demand, impacting the NZ wharf gate prices. In China, inventory levels and daily log usage are critical factors. The Radiata log Inventory in mid-April stood at around 4.2 million m³, showing a marginal increase. Daily softwood log usage across the China Eastern Seaboard has been between ...
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