According to China Customs, between January and September 2023 CIF prices for logs and sawnwood imports declined year on year. CIF prices for China's log and sawnwood imports in US$/m3 The decline in CIF prices for both logs and sawnwood imports was because global ocean freight rates have fallen sharply and because stocks at Chinese ports iare high due to weak demand. Timber industry in China faces setbacks in September In September, the China index for the timber industry witnessed a significant decline, dropping to 37.3%. This decrease of 15.3 percentage points ...
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