Scott Downs

Log export price increases build as China's stocks fall and demand there rises. Demand in India is meek but stocks there are low. Sawn timber prices languish both locally and for export

Log export price increases build as China's stocks fall and demand there rises. Demand in India is meek but stocks there are low. Sawn timber prices languish both locally and for export

Demand out of China for logs is rising, and prices are expected to follow. But trade war impacts may affect this. India demand variable but good. Local sawmills face lower local demand especially for industrial grades

Demand out of China for logs is rising, and prices are expected to follow. But trade war impacts may affect this. India demand variable but good. Local sawmills face lower local demand especially for industrial grades

China prices for NZ logs drop dramatically on oversupply. India mirrors. Exporters think the shift has now bottomed. Harvesting reduced. Seasonally reduced domestic demand

China prices for NZ logs drop dramatically on oversupply. India mirrors. Exporters think the shift has now bottomed. Harvesting reduced. Seasonally reduced domestic demand

Price drops in China for logs, decrease less in India. Some export sawn timber products suffering big price drops. Local market remains very stable

Price drops in China for logs, decrease less in India. Some export sawn timber products suffering big price drops. Local market remains very stable

A rising US dollar is limiting the buying power of Chinese log buyers as trade war consequences start to bite locally. Export prices down. Local mill supply up

A rising US dollar is limiting the buying power of Chinese log buyers as trade war consequences start to bite locally. Export prices down. Local mill supply up

Export sawlog prices fall as shipping costs rise and China uncertainty builds. Softer prices come despite demand volumes rising. Local market demand remains robust, even with regional variation

Export sawlog prices fall as shipping costs rise and China uncertainty builds. Softer prices come despite demand volumes rising. Local market demand remains robust, even with regional variation

Higher freight costs take the shine of export log prices. Domestic supply is abundant, China demand stable, India prices under pressure

Higher freight costs take the shine of export log prices. Domestic supply is abundant, China demand stable, India prices under pressure

Log prices rise by more than +NZ$12/JASm3 due to rising prices in China and India, and falling ocean freight costs. India now delivers a premium exceeding +9% over China

Log prices rise by more than +NZ$12/JASm3 due to rising prices in China and India, and falling ocean freight costs. India now delivers a premium exceeding +9% over China

China log demand stable but lower freight costs absorbed by higher NZD. Sawn timber exports strong especially to the EU, and prospects bright

China log demand stable but lower freight costs absorbed by higher NZD. Sawn timber exports strong especially to the EU, and prospects bright

Nervous demand from China as their inventories shrink raises prices for logs. Demand for sawn timber remains strong but supply competition rises. Domestic markets unchanged

Nervous demand from China as their inventories shrink raises prices for logs. Demand for sawn timber remains strong but supply competition rises. Domestic markets unchanged

Export log prices rise with gains boosted by falling Kiwi dollar. But sawn timber demand isn't following yet. China paying more for logs. India still difficult despite opportunity

Export log prices rise with gains boosted by falling Kiwi dollar. But sawn timber demand isn't following yet. China paying more for logs. India still difficult despite opportunity

Domestic log demand shows signs of softness, but export volumes hold up. Ironically, lower grades are getting price increases but higher grades not. Probably temporary

Domestic log demand shows signs of softness, but export volumes hold up. Ironically, lower grades are getting price increases but higher grades not. Probably temporary

Sharp reduction in Chinese buying power causes a big drop in prices for export logs, even as Chinese log stocks reduce. Lower prices flow from India too

Sharp reduction in Chinese buying power causes a big drop in prices for export logs, even as Chinese log stocks reduce. Lower prices flow from India too

Steady domestic demand contrasts with rising US demand, and analysts divided on next direction in China. India now pays the same as China although volume has slipped

Steady domestic demand contrasts with rising US demand, and analysts divided on next direction in China. India now pays the same as China although volume has slipped

Strong demand from the US and EU for clear lumber produced by New Zealand mills with prices rising to record highs. China demand high but softening as prices rise. Domestic demand steady

Strong demand from the US and EU for clear lumber produced by New Zealand mills with prices rising to record highs. China demand high but softening as prices rise. Domestic demand steady

Export markets for unpruned sawn timber consume everything NZ mills can supply. Strong and growing demand from the USA and European markets for clear lumber. Local markets accept price increases

Export markets for unpruned sawn timber consume everything NZ mills can supply. Strong and growing demand from the USA and European markets for clear lumber. Local markets accept price increases

Some local mills turning away orders due to lack of capacity. Stable China sales undermined by high stocks. India sales struggle with liquidity. Rising ocean freight costs biting into returns

Some local mills turning away orders due to lack of capacity. Stable China sales undermined by high stocks. India sales struggle with liquidity. Rising ocean freight costs biting into returns

Export markets face growing competition while domestic markets are steady although supply is very tight in some regions. However there are uncertain outlooks in both markets

Export markets face growing competition while domestic markets are steady although supply is very tight in some regions. However there are uncertain outlooks in both markets

Average log prices remain well above 3yr average with firm demand from China and is likely to improve, variable demand from India where improvement will come later in 2018

Average log prices remain well above 3yr average with firm demand from China and is likely to improve, variable demand from India where improvement will come later in 2018

High China log demand and rising export prices are putting the squeeze on supply for domestic use. Log price index reaches a new all-time high

High China log demand and rising export prices are putting the squeeze on supply for domestic use. Log price index reaches a new all-time high

Price volatility in log market now a distant memory. Domestic demand stable. Key export markets still in basic health. Index price equals record high

Price volatility in log market now a distant memory. Domestic demand stable. Key export markets still in basic health. Index price equals record high

Despite little change in prices, Indian demand is rising again, China demand stays high, and freight rates are up. The lower NZD has improved returns especially from Australia

Despite little change in prices, Indian demand is rising again, China demand stays high, and freight rates are up. The lower NZD has improved returns especially from Australia

Domestic lumber demand is tailing off just as export log demand is picking up, putting upward pressure on local log prices. Demand from India growing faster than expected

Domestic lumber demand is tailing off just as export log demand is picking up, putting upward pressure on local log prices. Demand from India growing faster than expected

Domestic demand is flat and supply is ample. Export prices are flat, but China log demand strong across all grade. India demand up and strong. But rising NZD impacting prices

Domestic demand is flat and supply is ample. Export prices are flat, but China log demand strong across all grade. India demand up and strong. But rising NZD impacting prices

Both domestic and export markets remain strong. NZ exports to China grow +12% but prices seem toppy. India market has low stocks. Domestic market shows no slowdown

Both domestic and export markets remain strong. NZ exports to China grow +12% but prices seem toppy. India market has low stocks. Domestic market shows no slowdown