July log market update
Wednesday 3 Jul 2019Several cascading effects have impacted Chinese markets for NZ pine logs in Q2 CY19, which will have ramifications throughout Q3 CY19. Some of these impacts are seasonal and some represent structural changes that have been building for the last few years. Cumulatively, these changes have shifted the NZ pine market in China to one of oversupply.
See the attached update from China Forestry Group New Zealand Company Ltd.
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