Market demand recovery, the ban on imports of Australian logs and rising ocean freight rates have recently triggered a sharp rise in timber prices in China.
The Chinese softwood timber market has recently experienced a major recovery, market entry has risen sharply, timber prices have risen accordingly, and the profitability of timber merchants has increased. Business confidence has also increased substantially.
Judging from the situation reported by timber dealers contacted by GWMI, starting from October, China's construction timber market has shown a clear upward trend, with prices following the same path starting from November. China's ban on imports of Australian pine has been a trigger for the market. In just one month, the market price of Chinese construction materials has risen by 80-150 yuan/cubic meter (12-23 US$/m3).