CIBC: China's August lumber import up 29.8% year-over-year to 2.2 million m3 at average cost of US$277/m3, log imports up 28.4% to 4.07 million m3 at average price of US$203/m3; lumber, log imports show monthly respective increases of 0.9% and 5.7%
Sandy Yang
September 11, 2013
(CIBC World Markets Inc.)
–
China Forest Products Imports - August 2013
* Lumber - In August 2013 China imported 2.220,000 m3 of lumber at an average cost of $277 per m3. Lumber imports are up 29.8% compared to August 2012 when they were 1,710,000 m3. YTD lumber imports are 15.350 million m3 compared to 13.590 million m3 in the prior period.
* Logs - In August 2013 China imported 4.070,000 m3 of logs at an average price of $203 per m3. Log imports are up 28.4% compared to August 2012 when they were 3,170,000 m3. YTD log imports are 29.020 million m3 compared to 25.290 million m3 in the prior period.
* On a month-to-month basis, pulp imports are up 4.3%, lumber imports are up 0.9% and log imports are up 5.7% when comparing to July 2013. Prices month over month are down 0.9% for pulp, down 4.6% for lumber and down 2.2% for logs.
* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.