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October 3, 2022

China’s softwood log demand still low due to Covid-19 policies

China softwood log inventory has reduced by about 1m m3 over the last month to be below the 4m m3 mark (3.8-3.9m), with New Zealand radiata accounting for about 3.2m m3 of this volume. Daily port offtake has increased to about 70k-75k m3.  The reduction of inventory is due to significantly reduced supply. The Chinese Golden Week Holiday to commemorate the founding of the People’s Republic of China in 1949 starts Oct 1st and ends Oct 7th. There will be less people travelling than usual again this year due to Covid-19 ...

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