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August 10, 2020
Heavy floods in China expected to have an impact on timber demand
The summer rains arrived early this year in China and with unusual intensity. Over the past weeks, the average precipitation in the Yangtze River Basin reached a record high since 1961. China has experienced the worst floods in several decades and over 2m people have been displaced with over heavy damage reported. Surprisingly, the weeks of torrential rain has not significantly slowed down construction activity. Daily port offtake of logs volume is still around 65k. Logs continue to arrive in China from all around the world. Of the 12 break bulk vessels ...
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