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March 3, 2022

Sharp rise in prices for New Zealand exported logs to China

Sharp rise in prices for New Zealand exported logs to China
The At Wharf Gate (AWG) prices for New Zealand exported logs increased an average of $7 in January and $27 in February. The large AWG price increase in February was due to a combination of increased sale prices in China, an easing of shipping costs and a weakening of the NZD against the USD. The CFR sale price in China that bottomed at 130-135 USD per JASm3 for A grade in December, is now above 160 USD in late February. Shipping costs, however, are also rising again.    The February PF Olsen log price index of ...

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