Logs
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African timber export prices remain stable in most markets
Operators report that markets, while active, are generally quiet. Operators in Gabon and Congo are facing unsettled weather. Despite the expected arrival of the dry season heavy rain and thunderstorms persist daily. This abnormal weather pattern is causing delays in forest operations and transport.... Continue reading
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May 26, 2023
China softwood log inventory declines as construction outlook and pricing challenges persist
China softwood log inventory has dropped to about 3m m3 with radiata pine from New Zealand accounting for about 2.75 m3. Port off-take has remained steady ranging round 70k per day. Usually construction activity drops 10-15% in the hotter months of June to August. Most commentators think we won’t see such a significant drop this year... Continue reading
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May 26, 2023
China softwood log inventory declines as construction outlook and pricing challenges persist
China softwood log inventory has dropped to about 3m m3 with radiata pine from New Zealand accounting for about 2.75 m3. Port off-take has remained steady ranging round 70k per day. Usually construction activity drops 10-15% in the hotter months of June to August. Most commentators think we won’t see such a significant drop this year... Continue reading
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December 13, 2022
India: Weak log and sawn timber import market
Activity in Gandhidham is slow to recover after the Diwali holidays due to negative sentiment. Log importers and sawmills report fewer enquires from their customers for green sawn timber. The sale price for green sawn timber is now approximately 501-511 and 591-601 INR per CFT for timber from South America and Australian logs respectively. Exports from India fell to 29.78 b USD in October 2022 from 35.45 b in the previous month, the lowest since February 2021. In October last year, exports were 17% higher at 35.73 b USD. This has negatively affected the demand for sawn timber to make export packing pallets. There is an expectation North Indian demand might increase by March 2023 when the summer harvest starts and Indian exports increase. Log shipments from South America have reduced drastically, as unsold logs are still at bonded warehouses in Kandla and being sold at low prices. The... Continue reading
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May 26, 2023
China softwood log inventory declines as construction outlook and pricing challenges persist
China softwood log inventory has dropped to about 3m m3 with radiata pine from New Zealand accounting for about 2.75 m3. Port off-take has remained steady ranging round 70k per day. Usually construction activity drops 10-15% in the hotter months of June to August. Most commentators think we won’t see such a significant drop this year... Continue reading
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May 29, 2023
New Zealand: Log export prices hit lowest level in nearly a year
New Zealand's export log prices have experienced a significant decline, reaching their lowest point since July last year. There was a decrease of an average of $22 per JASm3 at Wharf Gate (AWG) prices for export logs in May after decline $20-25 per JASm3 in April.... Continue reading
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December 13, 2022
India: Weak log and sawn timber import market
Activity in Gandhidham is slow to recover after the Diwali holidays due to negative sentiment. Log importers and sawmills report fewer enquires from their customers for green sawn timber. The sale price for green sawn timber is now approximately 501-511 and 591-601 INR per CFT for timber from South America and Australian logs respectively. Exports from India fell to 29.78 b USD in October 2022 from 35.45 b in the previous month, the lowest since February 2021. In October last year, exports were 17% higher at 35.73 b USD. This has negatively affected the demand for sawn timber to make export packing pallets. There is an expectation North Indian demand might increase by March 2023 when the summer harvest starts and Indian exports increase. Log shipments from South America have reduced drastically, as unsold logs are still at bonded warehouses in Kandla and being sold at low prices. The... Continue reading
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June 1, 2023
African timber export prices remain stable in most markets
Operators report that markets, while active, are generally quiet. Operators in Gabon and Congo are facing unsettled weather. Despite the expected arrival of the dry season heavy rain and thunderstorms persist daily. This abnormal weather pattern is causing delays in forest operations and transport.... Continue reading
-
May 29, 2023
New Zealand: Log export prices hit lowest level in nearly a year
New Zealand's export log prices have experienced a significant decline, reaching their lowest point since July last year. There was a decrease of an average of $22 per JASm3 at Wharf Gate (AWG) prices for export logs in May after decline $20-25 per JASm3 in April.... Continue reading
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June 1, 2023
African timber export prices remain stable in most markets
Operators report that markets, while active, are generally quiet. Operators in Gabon and Congo are facing unsettled weather. Despite the expected arrival of the dry season heavy rain and thunderstorms persist daily. This abnormal weather pattern is causing delays in forest operations and transport.... Continue reading