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Daily News / Global Trends / Market Analysis / Wood Industry Prices / Forestry / Lumber / Price analysis and info / Sawmilling / Wood Products / Australia and Pacific Region / China / Global
June 3, 2020

Supply concerns determine Chinese log buyers to pay more for New Zealand logs

Supply concerns determine Chinese log buyers to pay more for New Zealand logs
The At Wharf Gate (AWG) prices paid by log exporters in May increased +NZ$50-56 per m3 from the prices received by forest owners in March prior to the COVID-19 lockdown. This is an increase in sale prices of +50-56% depending upon the grade and length.    This AWG increase in NZ was driven by increased log prices paid by Chinese log buyers concerned about log supply, as well as a weakening NZD, and relatively cheap ocean freight costs. There was however, no substantial increase in demand to sustain this price increase and the ...

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