In the first week of March the CFR sale price for A grade radiata pine in China was in the low 100-104 USD per JASm3. Daily port off-take was still in the 35-50,000 m3 range. In the following week sales were confirmed at the 105-109 USD mark. This defied economic sense as stock was still building to over 8 million m3, with significant volume also on vessels. It appears the Chinese log buyers had noticed the reduced supply from both NZ and spruce ...
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