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November 25, 2020
China: Purchase prices of European spruce logs on the rise
Softwood log inventory in China has reduced by approximately 17% over the last month to 3.6m m3. Daily log use in China is now back to the 100k to 105k m3 range after peaking at over 120k m3 at the end of October. The CFR prices have increased for New Zealand pine logs due to solid demand, reduced supply, and lower inventory levels. The price for A grade New Zealand pine is currently around 123 USD per JASm3 and expected to increase for December deliveries. The CAIXIN ...
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