If demand does not increase in 2020 there will likely be pressure on prices in these market segments. Forest Management director Evan MacClure is taking a patient approach to the slowing of log exports to China in the aftermath of a coronavirus outbreak. Find out more >> Forestry in New Zealand New Zealand contributes 1.1% of the world's total supply of industrial wood and 1.3% of the world's trade in forest products. The ban was lifted in mid-December and sales are now in the range INR 411-421 per CFT, after falling from INR 431 per CFT in November.Production of sawn timber from New Zealand logs is unviable at current relative prices for sawn timber and logs.
Demand for ocean freight has reduced around the world as suppliers of all commodities prepare for the Chinese New Year in January. This website makes use of cookies.
The following chart shows export log supply by value for each destination.
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New Zealand exported more logs and wood in June 2019, despite falling log prices overseas, Stats NZ said today. Export prices for meat, including beef and lamb, declined 7.5 percent after a 9.7 surge in the prior period. Keep these factors in mind when comparing these log prices. The Claymark group went into sudden receivership in the first week of December and log supply was stopped to their processing sites at Rotorua, Katikati and Thames.
Of total forestry exports, 48% went to China. The ' Structural (S30)' chart will be drawn here.
Tenco also ships containerised logs. This price series tends to buffer the effects of any extreme spikes of troughs, which can occur from time to time and tend to distort trends in the short term. Any examples or experiences to relate? A 'best fit' is applied by survey respondents to align company log grade specification with the generic specifications. These prices are derived using the median prices of each log grade, averaged over the last 12 quarters. Several sawmills that supply the Australian market are hopeful the market is now at the bottom of its cycle and there will be improvements in 2020. Take time to consult our © There was the usual swing of log volume from domestic supply to export as mills shut for the year. Some industry commentators say log size has decreased within grades (both in small end diameter and length) but log quality is perceived to be increasing (particularly clearwood depth in pruned logs). The market is making a concerted effort to bring sawntimber prices close to INR 440 before the end of the year.The packaging industry continues to demand sawn timber from New Zealand logs, as that market is stable and requires a minimum output each month.The South India log market remains dull and is serviced mainly by container softwood import trades as opposed to break bulk vessels.
Construction activity in the Delhi NCR region had taken a hit when the government imposed a temporary ban on construction activity to control elevated levels of air pollution. All data is destroyed once it has been aggregated and averaged, to retain confidentiality.Where possible, the quarterly figures encompass a range of log prices for each grade, rather than a single figure. A lack of space at Chinese ports due to caution over coronavirus is bringing a "virtual halt" to New Zealand log exports to China, the Forest Owners Association said. Sales of New Zealand logs in India remain difficult. The following chart shows export sawntimber supply by value for each destination.Year to date in 2019 New Zealand has supplied 80% by value of its export logs to China. The CFR sale price for A grade logs in China remained in the mid US$120s range per JAS mDomestic demand for logs remains stable and relatively balanced throughout New Zealand as the year end approaches, although there was a hiccup in demand for pruned logs in the Central North Island when the Claymark group went into sudden receivership in the first week of December.
Sawn timber markets struggle on
It displays an index of the daily USD hire rates across 20 ocean shipping routes.
MPI's log price information is available from a number of sources.
The ' Pruned (P40) - wharf' chart will be drawn here. There is also increasing realisation of the environmental and social benefits of forests.If you have questions about forestry statistics or would like to get them in a CSV format, email Fordaq S.A., The Timber Network.
Any insight or views on what might happen next or what should happen next? The sources for this information are MPI's industry contacts.MPI collects log prices to analyse trends rather than for marketing purposes, so it does not collect spot prices, day-to-day prices, or one-off sale prices.
Overall New Zealand incurred a -$5.2 billion trade deficit for 2018, up by 152% from its -$2.1 billion deficit in 2017.
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