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August 26, 2020
New Zealand increases in log prices to China cancelled out by higher shipping costs
Domestic demand for logs and sawn timber in New Zealand remains strong while the longer-term forecasts are uncertain. New Zealand sawmillers are “cautiously optimistic” about the future. As expected, there were small increases in CFR log prices over the last month in China, but these increases were negated by increased shipping costs and the NZD strengthening against the USD. The overall impact was virtually unchanged AWG pricing for August. The PF Olsen Log Price Index in August remains at $114. The index is currently $9 below the two-year average, $11 ...
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