Softwood log stocks at China’s main ocean ports totalled 4.6 million m3 at the end of September 2020, up 3 percent from the previous month. Radiata pine log inventories recorded an increase of 2.9 percent, and European spruce log inventories totalled 680,000 m3, up 28 percent.
China’s total softwood log imports in 2020 YTD was 26,952,000 m3. The largest exporter was New Zealand, which exported 9,348,000 m3 softwood log to China in 2020 YTD. China’s softwood log imports from Canada in 2020 YTD was 747,000 m3, a significant drop of 50.6 percent compared to 2019.
Softwood lumber inventories at the Taicang port and surrounding area were an estimated 1.5 million m3 at the end of September 2020, a decline of 80,000 m3 from August. SPF lumber stocks were an estimated 200,000 m3, reflecting a month-over-month decrease of 25,000 m3.
The wholesale market prices for softwood lumber increased moderately during the month due to the stronger demand.
China’s total softwood lumber imports in 2020 YTD was 17,694,000 m3. The largest exporter was Russia, which exported 10,531,000 m3 softwood lumber to China in 2020.
Canada, the second major softwood lumber exporter, exported 2,148,000 m3 softwood lumber to China in 2020 YTD, a decline of 34.9 percent compared to 2019.
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