PFOlsen

PF Olsen reports log markets to face significant challenges as international market conditions weaken, while the local construction sector remains subdued despite recent interest rate cuts

PF Olsen reports log markets to face significant challenges as international market conditions weaken, while the local construction sector remains subdued despite recent interest rate cuts

Immediate outlook for log exports is not great and prices are likely to soften on weak China demand, a very competitive Indian market, & higher shipping costs. Domestic demand will be no saviour

Immediate outlook for log exports is not great and prices are likely to soften on weak China demand, a very competitive Indian market, & higher shipping costs. Domestic demand will be no saviour

Log markets are in transition with China and India unsure of their prospects. Domestic demand recovery expected but hasn't happened yet. Prices holding because the NZD has fallen

Log markets are in transition with China and India unsure of their prospects. Domestic demand recovery expected but hasn't happened yet. Prices holding because the NZD has fallen

Despite low domestic demand, log availability might be limited because low prices barely justify harvesting. China & India in wait-and-see mode on tariff uncertainties which flow back here too

Despite low domestic demand, log availability might be limited because low prices barely justify harvesting. China & India in wait-and-see mode on tariff uncertainties which flow back here too

Export log prices rise slightly but only because the NZD has fallen. China & India demand soft, domestic demand weak and mills shutting for longer than usual

Export log prices rise slightly but only because the NZD has fallen. China & India demand soft, domestic demand weak and mills shutting for longer than usual

Demand from local sawmills is low so more logs are being exported. Demand from China is firm but fragile, from India it is soft. As summer approaches more log supply is expected

Demand from local sawmills is low so more logs are being exported. Demand from China is firm but fragile, from India it is soft. As summer approaches more log supply is expected

Local timber processors rocked by very low demand and very high electricity costs. China demand still hamstrung by property market woes. India demand hurt by high freight rates and more competition

Local timber processors rocked by very low demand and very high electricity costs. China demand still hamstrung by property market woes. India demand hurt by high freight rates and more competition

Local demand for sawn timber worryingly low. Demand in China inhibited by floods and weak economy. Monsoons delaying India demand

Local demand for sawn timber worryingly low. Demand in China inhibited by floods and weak economy. Monsoons delaying India demand

Chinese log demand is steady and inventories are falling allowing small increases in at-wharf log prices, helping offset weak domestic demand

Chinese log demand is steady and inventories are falling allowing small increases in at-wharf log prices, helping offset weak domestic demand

With 2024 planting season underway, log prices remain stuck below long run averages. Price rises in China unlikely to bring higher returns. Domestic demand is low and slipping

With 2024 planting season underway, log prices remain stuck below long run averages. Price rises in China unlikely to bring higher returns. Domestic demand is low and slipping

Declining domestic demand and high stocks in China are depressing log prices. But there are signs Chinese demand is stabilising and Indian demand is expected to rise

Declining domestic demand and high stocks in China are depressing log prices. But there are signs Chinese demand is stabilising and Indian demand is expected to rise

An over-supply of logs to China is depressing prices. Reduced shipping costs and a lower NZD alleviated some of the fall in March, but a substantial retreat is expected in April

An over-supply of logs to China is depressing prices. Reduced shipping costs and a lower NZD alleviated some of the fall in March, but a substantial retreat is expected in April

Log prices were stable in February. China's reopening after Lunar New Year holiday has been slower than usual. India undergoing transitional changes. Eyes on rising freight rates

Log prices were stable in February. China's reopening after Lunar New Year holiday has been slower than usual. India undergoing transitional changes. Eyes on rising freight rates

Log demand is broadly stable in January with local demand holding, demand from China uncertain but certainly not falling, and demand from India showing some upside

Log demand is broadly stable in January with local demand holding, demand from China uncertain but certainly not falling, and demand from India showing some upside

Extreme cold in China has slowed construction and log offtake. Extreme wet in India has slowed their demand too. Local demand in holiday mode. But despite all that, log prices rose in December

Extreme cold in China has slowed construction and log offtake. Extreme wet in India has slowed their demand too. Local demand in holiday mode. But despite all that, log prices rose in December