Export Log markets remain steady at present but there is potential downside ahead through increased costs along with an increase in supply as Russia and the Pacific Northwest head into their summer months.
Shipping costs have increased in the past month but to date these have been countered by some small gains in US$CFR pricing. When combined with a steady kiwi dollar, pricing at wharf gate for export has either stayed the same or increased slightly for April. In terms of China inventory there have been some wide ranging stock numbers tabled over the last month or so by various commentators.
We don’t know the accuracy of supplier reporting are including in their stocks by way of number of ports, volume in vessels alongside, volume in satellite yards, hardwood volume, but from data collected directly from our shipping agents China inventory has reduced by 330,000m3 over the last 4 weeks with overall inventory just sitting at just over 3 million tonnes.
For a summary of April export prices by grade email email@example.com