New Zealand: Higher log prices in China, but the market is still fragile

AWG prices increased an average of $15 due to the higher CFR sale prices in China. The positive impact of higher log prices was reduced slightly by increased shipping costs, while the exchange rate had little impact. CFR Log prices in China have increased but the market is still fragile. Inventory of New Zealand pine in China is stable and log demand is typical for this time of the year. Global pulp inventory levels are at record highs with very low demand. New Zealand's domestic market remains subdued. Rising costs continue to cause significant issues in the construction ...