Log demand remains subdued in China; wait-and-see mode until CNY

Everybody involved in log markets around the world will be waiting to see what happens to the balance between supply and demand early next year. The local market is eager to see what demand is like after the Christmas and New Years holiday period. Both local and China market participants will wait to see if log supply from New Zealand is reduced to match reduced demand in China during the Chinese New Year holiday period in late January. China softwood log inventory remains at 2.4m m3 with log demand also steady around 55k m3 per day. The CFR ...