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

 

Economy: COVID-19 Lockdown Has Widespread Effects On Labour Market

In the June 2020 quarter, the seasonally adjusted unemployment rate fell to 4.0 percent, down from 4.2 percent last quarter, while underutilisation rose, Stats NZ said today. More>>

ALSO:

NZ Post: New Research By NZ Post Shows Online Shopping Grew 105% In Alert Level 3

New research by NZ Post into how the COVID-19 response has impacted the way Kiwis shop online, shows online shopping increased 105%* when the country moved into Alert Level 3, and may have changed the way Kiwis shop permanently. Online spend peaked ... More>>

ALSO:

Banking: Westpac NZ Lowers Merchant Fees For Small Businesses

Westpac NZ is rolling out a new merchant fee pricing structure that will lead to cost savings for more than 10,000 small and medium Kiwi businesses, and could make contactless transactions more widely available for customers. On 1 September, most ... More>>

REINZ: Million Dollar Plus Property Sales Increase 11.7% Nationally

The number of properties sold around the country for one million dollars or more during the first half (H1) of 2020 increased by 11.7% compared to H1 2019, with 5,426 million-dollar plus properties sold (up from 4,858 in H1 2019) according to the Real ... More>>

Waste: Government To Regulate Plastic Packaging, Tyres, E-Waste

The Government is stepping up action to deal with environmentally harmful products – including plastic packaging, tyres and e-waste – before they become waste. As part of the wider plan to reduce the amount of rubbish ending up in landfills, ... More>>

ALSO:

Bankers Association: Banking Becomes First Living Wage Accredited Industry

Banking has become New Zealand’s first fully living wage accredited industry, leading to nearly 1800 employees and contractors moving onto the living wage and gaining greater economic independence for them and their families. As of today, all ... More>>

ALSO:


QV Valuations: July House Price Index Illustrates Market Resilience

According to the July 2020 QV House Price Index (HPI) results out today , property values recorded a marginal increase, up 0.2% over the month. This is somewhat of a turnaround from June, after the national index edged 0.2% lower. More>>

ALSO:

Property: Queenstown Rents Experience Biggest Drop In Seven Years

Rental prices in the Queenstown-Lakes district saw the biggest annual percentage drop in seven years after falling 28 per cent on June last year, according to the latest Trade Me Rental Price Index. Trade Me Property spokesperson Aaron Clancy said ... More>>

Seismology: The Quiet Earth

As many daily activities came to a halt during lockdown, the Earth itself became quiet, probably quieter than it has been since humans developed the technology to listen in. Seismologists have analysed datasets from more than 300 international ... More>>

RNZ: James Shaw Says Kiwibank, Not Ministers Should Decide On Investors

Climate Change Minister James Shaw says Kiwibank's decision to stop doing business with companies dealing in fossil fuels is the right one. More>>

ALSO:

FMA: Kiwis Confident Financial Markets Will Recover From COVID-19, Plan To Increase Investments

Despite the majority (60%) of investors experiencing losses as a result of COVID-19, the outlook on investing remains positive, according to a Financial Markets Authority (FMA) survey. Most Kiwis (71%) were optimistic that the pandemic will pass eventually ... More>>

FIRST Union: Warehouse Using Covid For Cover As Extensive Restructure Makes Everyone Worse Off

(FIRST Union comments on The Warehouse consultation and proposed restructure) 'Unfortunately the Warehouse have done the disappointing thing and used Covid-19 to justify a bunch of operational business decisions that will leave hundreds of workers without jobs ... More>>

ALSO:

Stats NZ: Mixed Performance By Regions Leaves National Emissions Picture Unchanged

Approximately two-thirds of New Zealand’s regions recorded decreases in their total greenhouse gas emissions, while one-third of regions saw increases between 2007 and 2018, Stats NZ said today. “While some regions reduced their emissions, ... More>>