Ruida Futures(SZ:002961) Jin Tou Wang·2025-08-05 07:10Market Overview - As of August 4, 2025, the spot price of 5.9-meter A-grade radiata pine in Shandong increased slightly from 770 CNY/m³ to 780 CNY/m³ [1] - During the week of August 1, the inventory of coniferous logs remained stable compared to the previous week, with a slight decrease in radiata pine and an accumulation of North American timber [1] - For the week of August 4-10, 2025, 14 ships carrying New Zealand logs are expected to arrive at 18 ports in China, an increase of 8 ships from the previous week, representing a 133% week-on-week increase; the total volume arriving is approximately 425,000 m³, up by 204,000 m³ or 92% from the previous week [1] Institutional Insights - Southwest Futures reported that speculative sentiment in the futures market is rising, with some spot companies entering the market to stock up, which strengthens traders' confidence in raising prices; a strong bullish sentiment is expected in the short term [2] - According to Ruida Futures, current port inventories are at a neutral level for the year; external prices have declined, and the cost support from imports exceeds domestic prices; overall downstream demand for logs is marginally recovering, indicating a balanced supply-demand situation [3] - Ruida Futures suggests monitoring support around 790 CNY for the LG2509 contract and resistance near 850 CNY, recommending a range trading strategy [3]