PF Olsen log price index

Wednesday 26 Jun 2019

 
Log Market Summary (PF Olsen) - The CFR sale prices for New Zealand logs in China has dropped 4-6 USD over the last month, with A grade logs now selling at around 130 USD per JASm3. The weakening of the NZD against the USD through May somewhat buffered the drop for the June At Wharf Gate (AWG) prices offered to log suppliers at NZ ports. The average drop in AWG prices was 5-6 NZD per JASm3.

The Chinese Yuan (CNY) has recently stabilised against the USD providing some relief to the Chinese log buyers. The NZD however has recently strengthened against the USD, and if this continues will have an adverse effect on July AWG prices.

Due to the drop in the AWG log prices the PF Olsen Log Price Index for June decreased $2 to $128. The index is currently $1 below the two-year average, $2 above the three-year average, and $10 higher than the five-year average.

Note: Basis of Index - This Index is based on prices in the table below weighted in proportions that represent a broad average of log grades produced from a typical pruned forest with an approximate mix of 40% domestic and 60% export supply.

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Source: PF Olsen Wood Matters


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