At present, it is speculated that Taicang Port will implement the ban on North American log fumigation because of the consideration of water pollution. Taicang Port has gathered four ports near Shanghai. This will further limit the supply of North American logs to China. In the past few months, supply has gradually declined due to the Sino-US trade war, and the ban will be worse.
The data released by canada wood today shows that the supply gap between the United States and China is as follows:
â— 13% of China's softwood logs are imported; 54% in 2017
â— 2% of China's softwood sawn timber imports; 38% in 2017
â— 7% of China's hardwood logs are imported;
â— 21% of China's hardwood sawn timber imports
In the third quarter of 2018, the growth rate of China's gdp 6.5% was the lowest since the global financial crisis in 2009. This slowdown in economic growth is due to the Chinese government's reduction in infrastructure investment and the cooling of the real estate market.
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