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September 3, 2018
North American logs exported to China more expensive by 30%
Traders in China are complaining that the landed cost of imported North American logs has jumped by around 30% as a result of the depreciation of RMB and the trade friction between China and the United States. Although shippers in the US have been lowering log prices to maintain market share in China the higher costs continue to be a major challenge to Chinese importers. The reason behind this is that, even with price reductions, landed costs are still higher than previously, which means competitiveness in the domestic market is weakened and ...
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