China’s softwood log market entered 2026 on firmer footing than many expected, with post–Chinese New Year (CNY) fundamentals pointing to a tighter supply backdrop and cautious price strength. During the holiday period, log inventories at Chinese ports rose seasonally but by much less than usual. Stocks are currently estimated at around 2.8 million m³, up roughly 500,000–600,000 m³ over CNY. In a typical year, the build would have been materially higher. Weather-related harvesting disruptions in New Zealand delayed vessel arrivals, limiting the volume of fresh supply landing into China at precisely the ...
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