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%
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.