China softwood log inventories updateFriday 11 Feb 2022 FEA industry sources in China report that softwood log inventories at the country’s main ocean ports totalled 5.3 million m3 on 21 January, a decline of 6% (-354,000 m3) from the previous month, as follows:• Radiata pine log inventory volumes from New Zealand and South America amounted to 3.15 million m3, a drop of 10% from a month earlier and comprising 59% of overall log inventories (versus 62% in December). • North American Douglas-fir and hemlock log volumes totalled 646,000 m3, a slight decline of 1% from the previous month and accounting for 12% of overall log inventories. • European spruce log volumes were 1.19 million m3, a slight increase of 1% from a month earlier and comprising 22% of overall log inventories. • Softwood log inventories from other countries, including Russia and Japan, totalled 315,000 m3 (-7%). Moreover, in January, most production mills stop production in the second half of the month for the coming Spring Festival, leading to the lower average daily off-take volume of around 45,000 m3 in the month. For more information on FEA’s China Bulletin where this data is reported monthly, please click here, or contact Dave Battaglia at dbattaglia@getfea.com Source: FEA |
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