FEA China log inventory quarterly update

Friday 16 Aug 2024

China’s Softwood Log Inventories at Ocean Ports – FEA industry sources in China report that softwood log inventories at the country’s main ocean ports totalled 3.33 million m³ on July 27, 2024, up 5% (+158,000 m³) from late June, as follows:
  • Radiata pine log inventory volumes from New Zealand and South America amounted to 2.71 million m³, up 9% from the month before and comprising nearly 81% of overall log inventories (versus 78% in late June).
  • North American Douglas-fir and hemlock log volumes totalled 301,000 m³, a decline of 29% from the month before and comprising 9% of overall log inventories (versus nearly 13.4% in late June).
  • European spruce log volumes, at 120,000 m³, were up 6% from a month earlier and made up just 3.6% of overall log inventories.
  • Softwood log inventories from other countries (Japanese sugi, European red pine, etc.) totalled 202,000 m³ (+34.7%).
China softwood log inventory chart

Overall, log inventories saw an upward trend in July, rebounding after three consecutive months of decline. This increase was driven by higher stocks of radiata pine logs and European spruce logs, while North American log stocks decreased. In late July, wholesale market prices at Taicang and Lanshan saw a slight turn downward, with radiata pine log prices dropping by RMB10-20/m³ and hemlock and European spruce logs down RMB 10/m3 versus late June.

In terms of sales, the average daily sales volume was recorded at 51,500 m3 for the month, versus 72,500 m³ in July 2023 and 69,200 m3 in July 2022.
China softwood log sales chart


For more information on FEA’s China Bulletin where this data is reported monthly, please visit the FEA China Bulletin, or contact Matt Robertson at mrobertson@getfea.com.

Source: FEA


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