China softwood log inventory is stable but daily port off-take has started to reduce in preparation for the Chinese Lunar New Year. Daily offtake is now around 55k m3 per day. Many sawmills across China are taking a longer break than normal this year. The sale price for A grade pine logs in China remained stable in January within the 127-130 USD range. Some log exporters have asked for price increases for February sales. By the end of December China wholesale log prices had reduced by approximately 60 RMB per m3 (6%) from the peak (when sawmillers ...
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