Taking Shandong as an example, the current price of white pine logs is up by 20 yuan/cubic meter (US$3/m3), hemlock logs are up 20 yuan/cubic meter (US$3/m3), and radiata pine logs are up by 10 yuan/cubic meter (US$ 1.5/m3).
In the Chongqing market, the current price of 2m radiata pine logs rose by 60 yuan/m3 (US$9.2/m3), 3m radiata pine logs rose by 20 yuan/m3 (US$3/m3), 4m radiata pine rose by 40 yuan/m3 (US$6.2/m3), and white pine logs in Chongqing timber market rose by 20 yuan/m3 (US$3/m3).
The 3-meter radiata pine rose by RMB 20/cubic meter (US$3/m3) in Tianjin, Hebei.
The CFR price of New Zealand pine logs in China continues to rise. The price of Grade A logs has risen from USD 130 in early December to USD 138. In the past month, China’s softwood log inventories have fallen by about 14% to 3 million to 3.2 million cubic meters. The overall inventory level dropped by about 30% in two months. For the upcoming Chinese market in 2021, price increases are expected to be strong.
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