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July 8, 2019

China prices for New Zealand logs drop dramatically on oversupply

China prices for New Zealand logs drop dramatically on oversupply
From a sale price of US$130 per JASm3 for A grade the price dropped -US$15 in one week.    The CFR sale prices in China for New Zealand logs dropped dramatically in the second half of June.    Most exporters consider the market bottomed in early July with the lowest A grade sales in the US$105-110 range. This drop has predominantly been caused by an oversupply of logs and lumber along with negative market sentiment caused by the China - US trade war. The average drop between June and July ‘at ...

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