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November 3, 2021

China’s COVID-19 cases spike puts pressure on timber prices

China’s COVID-19 cases spike puts pressure on timber prices
China's new locally transmitted COVID-19 cases spiked to a near three-month high. In order to prevent the further spread of the epidemic, many provinces, municipalities and regions have entered an emergency state, implemented closed management, and implemented "only exit but no entry" traffic control at all traffic entrances and exits.    Strict management and control measures have reduced the overall operating efficiency of the Chinese timber supply chain, which has caused great restrictions on the transportation and production of goods. Many timber transportation has been stagnated and the delivery time has been extended.  ...

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