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May 12, 2020

Sawn softwood prices in Chinese ports driven up by container shortages and rising freight rates

Sawn softwood prices in Chinese ports driven up by container shortages and rising freight rates
The interruption of the supply chain from China to Europe and Russia led to a lack of containers in the ports of the Baltic basin and Northern Europe.    Russian sawn timber producers in the Northwest have also faced container shortages and rising freight rates for transportation from the ports of St. Petersburg to Shanghai. Higher transportation costs became one of the factors that conditioned higher prices in the negotiating position with Chinese traders.    Chinese buyers realize that as soon as the industry returns to its normal state and recovers after COVID-19 ...

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