Update on China softwood log inventoriesFriday 24 May 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 3.93 million m³ on 27 April 27 2024, down 2.3% (-93,000 m³) from late March, as follows:
Not surprisingly, radiata pine logs continued to dominate as a proportion of the overall inventory, with a reduced share for North American hemlock and European spruce logs due to lower arrivals of those two species. Additionally, wholesale market prices at Taicang and Lanshan experienced a decrease of RMB 10/m³ for radiata pine, while growth of RMB 10-60/m3 was recorded for hemlock and European spruce logs in late April versus late March. Meanwhile, average daily sales were recorded at 72,500 m³ for the month, down slightly from 70,000 m³ in April 2023. For more information on FEA’s China Bulletin where this data is reported monthly, please visit the FEA China Bulletin website, or contact Matt Robertson at mrobertson@getfea.com. Source: Forest Economic Advisors (FEA) |
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