China’s hunger for wood raw-material pushes timber prices upward, increasing the importation of logs and wood chips to record levels in 2010

Forest Products Market Update - a news brief from Wood Resources International LLC China’s hunger for wood raw-material pushes timber prices upward, increasing the importation of logs and wood chips to record levels in 2010, reports the Wood Resource... More

Forest Products Market Update - a news brief from Wood Resources International LLC China’s hunger for wood raw-material pushes timber prices upward, increasing the importation of logs and wood chips to record levels in 2010, reports the Wood Resource Quarterly The forest industry in China is continuing its expansion, and with limited domestic timber resources, importation of logs and wood chips are at an all-time high, especially as tight supply of domestic logs has increased local log prices to new highs in the 2Q/10, according to the Wood Resource Quarterly. Seattle, USA. Continued increases in demand for wood raw-material from sawmills, plywood plants and pulp mills in China has pushed domestic log prices upward and many Chinese companies are increasingly exploring the opportunities of importing more logs and wood chips to supplement the domestic fiber sources. The tight log supply has resulted in higher prices for domestically sourced logs this year. Chinese fir sawlogs prices Less