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July 15, 2021
Log demand in China slows in July
The past six months have brought record New Zealand export log prices to China This has been because of a number of factors, mainly a lack of supply into China from Australia, Europe and the Pacific Northwest. New Zealand supply into China has been similar to previous months at around 2 million cubic metres but there is some competing supply in the market from Uruguay and other smaller players as prices reach a point that makes it worth while them exporting to China. Total inventory in China is still considered low at around 4.3 million ...
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