Do not rule out the possibility of a reversal of the domestic log supply and demand situation in February next year

It is reported that in November and December, the supply of logs from New Zealand will be 2 million cubic meters less than usual. This is because many forest owners have slowed down or suspended forest logging operations, and most companies that still retain continuous logging will have a longer Christmas holiday this year than in previous years.

　　 Therefore, if New Zealand forestry continues to maintain a low level of logging, the domestic log inventory level will drop significantly in the future. By February 2022, the current supply and demand situation in the log market is likely to reverse. To a large extent, this also depends on how the domestic real estate development industry recovers from the current situation.

　　 At present, the domestic softwood log inventory level is stable at around 4.8 million cubic meters, and the average daily shipment volume of the port is maintained at 75,000 cubic meters per day, which is lower than the previous year's level of 100,000 cubic meters.