Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Global Timber and Wood Products Market Update

Global Timber and Wood Products Market Update -

a news brief from Wood Resources International LLC

Log imports to China from New Zealand and the US were up 26 percent in the second half of 2012 from the 1H/12, and Chinese log prices reached new record highs, reports the Wood Resource Quarterly

Log imports to China were off to a slow start in 2012 but in the second half of the year, shipments picked up with New Zealand and the US gaining the biggest market shares, reports the Wood Resource Quarterly. The Chinese domestic log market also heated up, with log prices reaching record high levels.

Seattle, USA. Demand for imported softwood logs in China increased in the second half of 2012 after declining during the first six months of the year. Total imports in the 2H/12 were up nine percent, but the increase was not equally distributed between supplying countries. Shipments from New Zealand and the US were up 29 percent and 20 percent, respectively, while Russian exports to China fell nine percent in the 2H/12 as compared to the 1H/12, reports in the Wood Resource Quarterly (www.woodprices.com).

Log imports for the full year were down 15 percent from 2011, which was the first yearover- year decline since 2008. From 2008 to 2011, China’s imports increased by as much as 70 percent to a record 30 million m3 in 2011. Despite the decline in 2012, the total import volume was still the second highest on record. And for the month of December, there have never been more logs unloaded in Chinese ports than in the December of 2012. The most dramatic shift in log supply sources for China over the past few years has been the diminished exports from Russia and the sharp increase in log volumes entering from New Zealand. Just five years ago, China imported as much as 21 million m3 of softwood logs from Russia and only 1.2 million m3 from New Zealand. In the second half of 2012, the two countries shipped about 4.8 million m3 each. The average import value of New Zealand Radiata pine in the 4Q/12 was up a few dollars from the previous quarter, reaching the highest level seen since 3Q/11, while the average value for most other species remained unchanged in the last quarter of 2012. Domestic log prices in China on the other hand, continued their upward trend with Chinese fir log prices being up 13 percent from 4Q/11 to 4Q/12 to reach an all-time high, according to the WRQ. Prices for other commonly used species such as Mongolian pine, larch, poplar and birch were also at record high levels during the 4Q/12. = Global timber, pulpwood and biomass market reporting is included in the 52-­page quarterly publication Wood Resource Quarterly (WRQ). The report, established in 1988 and with subscribers in over 30 countries, tracks sawlog, pulpwood, lumber and pellet prices and reports on market developments in most key regions around the world.


To subscribe to the WRQ, please go to www.woodprices.com

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

NIWA: 2016 New Zealand’s Warmest Year On Record

Annual temperatures were above average (0.51°C to 1.20°C above the annual average) throughout the country, with very few locations observing near average temperatures (within 0.5°C of the annual average) or lower. The year 2016 was the warmest on record for New Zealand, based on NIWA’s seven-station series which begins in 1909. More>>

ALSO:

Farewell 2016: NZ Economy Flies Through 2016's Political Curveballs

Dec. 23 (BusinessDesk) - New Zealand's economy batted away some curly political curveballs of 2016 to end the year on a high note, with its twin planks of a booming construction sector and rampant tourism soon to be joined by a resurgent dairy industry. More>>

ALSO:


NZ Economy: More Growth Than Expected In 3rd Qtr

Dec. 22 (BusinessDesk) - New Zealand's economy grew at a faster pace than expected in the September quarter as a booming construction sector continued to underpin activity, spilling over into related building services, and was bolstered by tourism and transport ... More>>

  • NZ Govt - Solid growth for NZ despite fragile world economy
  • NZ Council of Trade Unions - Government needs to ensure economy raises living standards
  • KiwiRail Goes Deisel: Cans electric trains on partially electrified North Island trunkline

    Dec. 21 (BusinessDesk) – KiwiRail, the state-owned rail and freight operator, said a small fleet of electric trains on New Zealand’s North Island would be phased out over the next two years and replaced with diesel locomotives. More>>

  • KiwiRail - KiwiRail announces fleet decision on North Island line
  • Greens - Ditching electric trains massive step backwards
  • Labour - Bill English turns ‘Think Big’ into ‘Think Backwards’
  • First Union - Train drivers condemn KiwiRail’s return to “dirty diesel”
  • NZ First - KiwiRail Going Backwards for Xmas
  • NIWA: The Year's Top Science Findings

    Since 1972 NIWA has operated a Clean Air Monitoring Station at Baring Head, near Wellington... In June, Baring Head’s carbon dioxide readings officially passed 400 parts per million (ppm), a level last reached more than three million years ago. More>>

    ALSO:

    Extended Warranties: Godfreys Fined For Agreements It Sold

    New Zealand Vacuum Cleaner Company Limited (trading as Godfreys) was today fined $58,000 in the Manukau District Court after earlier pleading guilty to 10 charges relating to its extended warranty agreements. More>>

    ALSO:

    Get More From Scoop

     
     
     
     
     
     
     
     
    Business
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news