SnapSTAT - Commodities headed in right directionFriday 3 Nov 2023 Introduction: The forestry index lifted 0.3% m/m in September, but the log market remains relatively subdued. End user demand from China for logs is back at normal levels for this time of the season and the volumes of logs stockpiled on wharves has reduced. This is a positive sign for the market, but returns are constrained by higher shipping costs. Demand from local mills remains weaker than normal as housing construction has slowed.
Source:ANZ Commodity Price Index |
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