Group 1 - The domestic futures market for timber is experiencing a downward trend, with the main contract for log futures opening at 758.0 yuan/cubic meter and showing a decline of approximately 1.19% [1] - Current port inventories are at a neutral level for the year, and external prices have decreased, leading to a cost support for domestic prices. The overall demand for logs is marginally recovering, indicating a balanced supply-demand situation [1] - New Zealand's log shipment volume is expected to remain low due to poor profit margins, while domestic demand is in the off-season, limiting price rebound potential [1][2] Group 2 - The analysis from Newhu Futures indicates that there are no significant contradictions in the fundamentals of the log market, and the domestic traders are generally facing losses due to the price disparity between domestic and international markets [2] - The overall spot prices are stable but slightly weak, and attention should be paid to the trends in domestic and international spot quotations, as well as the port pressure situation [2] - As the market enters a relatively quiet demand season, the overall market is expected to operate in a range-bound manner, with potential fluctuations as the July contracts approach their delivery period [2]
国内需求处于淡季 预计原木期货区间震荡运行为主
Jin Tou Wang·2025-06-05 07:05