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November 25, 2021
China: CFR prices for logs expected to rise due to dropping freight rates and reduced NZ supply
The average price for logs in China has dropped about 30 USD per m3 (17%) in November. The price is still highly variable with some exporters achieving sales for A grade logs at 150 USD while others are 140 USD per m3. Although the China log market remains subdued, prices should increase in December due to ocean freight costs dropping 35% in the last month. Significantly reduced log supply from New Zealand should see CFR prices increase in China in January. There is an ongoing structural shift in the Chinese economy with ...
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