China's lumber and log imports booming last month

Friday 25 Oct 2013

China's lumber and log imports in September showed respective increases of 31.7% and 30.2% to 2.2 million m3 of lumber and 4.27 million m3 of logs; year-to-date lumber and log imports up 14.9% and 16.4%, respectively.

Lumber. In September 2013 China imported 2,200,000 m3 of lumber at an average cost of $279 per m3. Lumber imports are up 31.7% compared to Sept. 2012 when they were 1,670,000 m3. YTD lumber imports are 17.540 million m3 compared to 15.260 million m3 in the prior period (up 14.9%).

Logs. In September 2013 China imported 4,270,000 m3 of logs at an average price of $204 per m3. Log imports are up 30.2% compared to Sept. 2012 when they were 3,280,000 m3. YTD log imports are 33.260 million m3 compared to 28.570 million m3 in the prior period (up 16.4%).

Pulp. On a month-to-month basis, pulp imports are down 2.8%, lumber imports are down 0.9% and log imports are up 4.9% when comparing to August 2013. Prices month over month are up 1.2% for pulp, up 0.8% for lumber and up 0.4% for logs.

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Source: CIBC World Markets Inc

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