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November 1, 2021

Heavy pressure on China softwood log imports due to congestion issues

Heavy pressure on China softwood log imports due to congestion issues
The CFR price for A-grade logs in China has remained variable but the top end is still 182 USD per JASm3 for October. There is pressure on this pricing for November shipments.     Southern yellow pine (SYP) has dropped to 140 USD per JAS for 20cm SED logs. After the Chinese holiday week at the start of October, the daily port off-take has increased by 10k per day to 75-80k.    Softwood inventory levels have dropped slightly over the last two weeks to 4.8m m3.    Congestion ...

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