Last month was relatively quiet in terms of market movements, which is to be expected as Chinese traders have mostly been away on holiday while the domestic market has continued to mostly trade on quarterly contracts signed at the start of the year. The big news at the start of February was United State President Donald Trump’s move to introduce an additional 10% tariff on all Chinese goods, then just a month later on March 4 he upped it to 20%. Export log supplies from New Zealand during January were at a record high for the month ...
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