China: CIF prices for log imports continue to drop in Q1/2024
According to China Customs, log imports in the first quarter of 2024 totalled 8.85 million cubic metres valued at US$1.503 billion, down 5% in volume and 6% in value compared to the first quarter of 2023. In addition, the average price for imported logs was US$170 (CIF) per cubic metre, down 2% from the same period of 2023. Of total log imports, softwood log imports dropped 8% to 6.20 million cubic metres, accounting for 70% of the national total. The average price for imported softwood logs declined 9% to US$134 ...
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