New Zealand log prices have fallen sharply in China due to oversupply

New Zealand log prices have fallen sharply in China due to oversupply

In the second half of the year, the sale price of New Zealand logs in China fell sharply.

Most exporters believe that the market bottomed out in early August, mainly due to the excess supply of timber and timber and the negative market sentiment caused by the Sino-US trade war. In particular, their sawmill sales in Asia and China are facing enormous price pressures as buyers try to compete with falling log prices.

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