The Chinese timber market is currently under the influence of increased rain weather and rising temperatures.
At the same time, the construction progress of infrastructure projects and buildings has slowed down significantly, and the market demand for New Zealand radiata pine has been shrinking.
In addition, some Chinese merchants contacted by GWMI said that the current inventory of radiata pine in Taicang, Zhenjiang and other ports is in serious surplus. In addition, radiata pine is hard to store. This has led to a very serious price pressure.
At present, in the Guangdong timber market medium-density radiata pine A quality logs have a price of 850-880 yuan/cubic meter (US$ 121-125/m3).
Large-density A quality logs are priced at 930-960 yuan/cubic meter (US$ 132-137/m3).
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