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April 28, 2021
Prices for New Zealand logs exported to China at record levels
The CFR prices for New Zealand radiata pine logs in China increased approximately 20 USD over the last month. The price for A grade logs in late April is now around 178 USD per JASm3. Log sellers have started to notice some Chinese buyer reluctance at these record high prices. However, there is nothing to suggest that prices will drop, other than history. Log demand in China is healthy with supply still somewhat constrained, and stock levels are declining downwards. Prices for European spruce logs also increased over the month but seem ...
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