N. American hardwood prices drop sharply at Chinese timber markets

N. American hardwood prices drop sharply at Chinese timber markets
The recent price of North American red oak fell by 500-600 yuan/cubic meter (US$ 70-85/m3)  in China's Guangdong market. According to some Chinese business operators, the North American hardwood market is too cold, and the business losses are not covered.    It is worth mentioning that at this stage, although the price of the hardwood is continuously lowered, the willingness of the Chinese merchants to buy is still very negative. At present, the FAS grade red oak in Guangdong market, 2.15-3.05m long, 1-2 inches thick, has a price ...

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