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July 6, 2020

Falling prices for New Zealand exported logs to China

Falling prices for New Zealand exported logs to China
CFR price in China has fallen further to stabilise at 110 USD per JASm3 for  New Zealand A grade logs.     This fall in CFR prices combined with the strengthening of the NZD against the USD and adverse ocean freight rates, has resulted in June AWG prices dropping an average of $29 NZD per JASm3 from May pricing, and it is expected AWG prices will fall further again in July.        Due to the decreases in export log prices, the PF Olsen Log Price Index decreased $12 in June to ...

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