Continuous decline in China’s CIF prices for log imports

CIF prices for China's softwood logs, hardwood logs and tropical log imports fell 12%, 16%, 12% and 20% in the first quarter of 2023. Imports of softwood logs were relatively stable in the first quarter of 2023 while imports of hardwood logs declined significantly and log prices fell. With the gradual recovery of logistics, ports and roads across the country the accumulated stocks in the country are now being delivered. Analysts suggest second quarter log prices will remain steady. After the partial reduction of import tariffs in 2022 the overall cost of logs is expected to decline ...