China’s timber prices continue to fall amid weak demand and overcapacity

Since the beginning of the year, timber import prices have been falling in China. They fell five times in February and four times in March. In April, just as the month began, there was a nationwide timber price collapse. The timber prices in nine provinces were lowered by 20-100 yuan/cubic meter (2.68-13.29 EUR/m3). According to the latest information from the Timber Industry Information Resources Department, as of April 3, in China's main timber ports, timber import prices in Jiangsu fell by 30-60 yuan/m3 (3.86-7.72 EUR/m3); timber ...