The CFR sale price for A grade logs in China remained in the mid US$120s range per m3. At Wharf Gate (AWG) prices for export logs delivered to ports around New Zealand in December increased by an average of 2-3 NZD per m3 from November pricing. Most exporters had predicted December pricing similar to November, however there was a reduction in shipping costs as overall demand for ocean freight remains low. Log stocks in China have risen to approximately 4.4M m3. Domestic demand for logs remains stable and relatively ...
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