China softwood log inventory is about 4.7-4.8m m3 with radiata accounting for about 3.2m m3. Port off-take has increased to over 80k per day. This is a slightly higher daily offtake than the same time in the last two years. The problem is poor sentiment as the China market was expecting higher log demand. The CFR price for New Zealand A grade radiata logs in China is in the range 140-145 USD per JASm3. There is price pressure as wholesale log prices in China have fallen. Wholesale prices for A grade radiata logs ...
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