According to the observation report of Huacheng Import and Export Data, the progress of real estate construction slowed down, the import and export trade affected the timber supply, and the timber price did not reach the desired value.
From the supply side, the Finnish port association issued a statement that all port operations accounting for 90% of Finland's foreign trade will be completely stopped, affecting nearly US $300 million of daily trade activities. In addition, harvesting, logistics, reprocessing, import and export trade related to Finnish forestry are also affected to varying degrees. Another risk is that the strike will force the factory to stop production due to supply shortage, Huacheng Import and Export Data Observation reported.
According to Huacheng Import and Export Data Observation, from the demand side, the resumption rate of construction enterprises nationwide reached 76.5% as of the 24th of the first month, an increase of 38.1 points over the previous month and 6.9 points over the 24th of the first month of 2022. According to market research, the construction of resumption projects is mainly based on infrastructure projects, which are better than housing construction. Due to the downturn in the real estate industry last year, the collection of many projects did not meet expectations, the project progress further slowed down or stopped, and the proportion of workers attending the site decreased compared with the previous year. In addition, due to the recent rainy season in central China, the project commencement is delayed, and it is expected to return to the average level in the later ten days, Huacheng Import and Export Data Observation reported.
To sum up, after the year, the price of timber is further increased due to the impact of costs, but the actual demand recovery is slow. At present, urban infrastructure projects are still improving, and housing projects are not many. Affected by problems such as capital, the arrival of workers is still lower than expected. It is expected that the price of timber is expected to rise steadily. Huacheng Import and Export Data Observation Report.