China: Imported timber prices fall as construction activity is slow
A week after the start of construction season, the price of imported timber in China has trended downwards. The current construction site activity is not as expected, resulting in cold demand for lumber and slow de-stocking, which suppresses the price of imported timber. The price of NZ imported radiata pine in Jiangsu fell by 10 yuan/cubic, hemlock and white pine fell by 20 yuan/cubic. In Shandong, 2-meter and 4-meter the price of radiata pine fell by 50 yuan/cubic, and 3-meter radiata pine fell by 70 ...
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