CIBC: China's October lumber imports up 34% year-over-year to 2.17 million m3 at average cost of US$286/m3, log imports up 61.4% to 3.68 million m3 at average price of US$201/m3; lumber, log imports show monthly respective decreases of 2.3% and 1.6%
November 19, 2013
(CIBC World Markets Inc.)
– China Forest Products Imports - October 2013
* Lumber - In Oct 2013 China imported 2,170,000 m3 of lumber at an average cost of $286 per m3. Lumber imports are up 34% compared to Oct 2012 when they were 1620,000 m3. YTD lumber imports are 19.720 million m3 compared to 16.870 million m3 in the prior period (up 16.9%).
* Logs - In Oct 2013 China imported 3,680,000 m3 of logs at an average price of $201 per m3. Log imports are up 61.4% compared to Oct 2012 when they were 2,280,000 m3. YTD log imports are 36.940 million m3 compared to 31.390 million m3 in the prior period (up 17.7%).
* On a month to month basis, pulp imports are down 2.1%, lumber imports are down 1.4% and log imports are down 13.8% when comparing to Sep 2013. Prices month over month are down 2.4% for pulp, up 2.3% for lumber and down 1.6% for logs.