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July 15, 2021

Log demand in China slows in July

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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