world news - 21.09.2004
Russian larch prices down within 6 months in 2004 in Japan
Russian larch log prices had been leading those of other species but, after four months of high prices at about USUS$115 per cubic metre they have fallen to around USUS$110 per cubic metre.
The reason for this say the Japan Lumber report, is that plywood mills slowed purchases of larch logs since ample inventories had been built up. The other reason is that ocean freight costs have eased slightly. For the future traders doubt if prices will fall further as Russian suppliers are resisting any lower offers from Japanese buyers.
Lesprom
See also:
- — China: MDF Sector Restructured
- — Russian timber products exports increased 22.6% within 7 months
- — Machinery and timber-processing products orders in Germany increased 28% within 6 months in 2004
- — British Timber Statistics 2003
- — UK timber pallet and packaging prices must increase to sustain continuity of supply
