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May 13, 2021
Imbalance between strong demand, poor supply in China favors New Zealand log exporters
While most industry insiders were expecting flat or slightly export prices for May, New Zealand log export prices rose at around $10/JAS above April levels. This raises the price of NZ A grade logs to $160’s/JAS which is the highest since the extremely short price spike of ’93. The reason is not just low shipping costs or foreign exchange rates, it’s purely a supply and demand imbalance situation caused by strong demand in China and poor supply from other regions. New Zealand log exporters had a record supply ...
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