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July 26, 2021
New Zealand: July export log prices slipped as China’s seasonal demand falls
The At Wharf Gate (AWG) prices for New Zealand export logs in July decreased an average of $8-9 per JASm3 from June prices. There was a wide range of prices depending upon location as demurrage costs in Gisborne due to port congestion affected AWG log prices. There were also different market strategy approaches by log exporters with their AWG pricing. The combination of the usual drop in productivity in China during their hottest months was exacerbated by the Chinese government forcing some sawmills to relocate from Taicang, Jiangsu Province.   ...
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