Chinese log buyers are facing ongoing challenges with credit issues, while log demand in New Zealand is decreasing due to a decline in construction activity caused by high inflation and interest costs. The inventory of China’s softwood logs has seen a slight increase, reaching approximately 4 million m3, with radiata logs accounting for about 3.15 million m3 of the total. Despite these challenges, the off-take at ports has remained steady, ranging between 70,000 and 75,000 m3 per day.
However, the supply volume from New Zealand is expected to see a significant drop in the coming months. This is because many forest owners in New Zealand have either halted or slowed down their harvest operations. As a result, many ports in the country have now…
