Group 1 - The core viewpoint of the article highlights a significant decline in the futures market for logs, with the main contract hitting a limit down and closing at 787 RMB per cubic meter, a drop of 5.12% [1] - Recent macroeconomic discussions between the US and China in Kuala Lumpur focused on trade issues, particularly concerning maritime logistics and shipbuilding, leading to a basic consensus on addressing mutual concerns [1] - Global timber production is projected to increase by 8.2% year-on-year by Q3 2025, but weak real estate markets are dampening log demand, while decreasing international shipping costs are lowering import expenses [1] Group 2 - As the traditional peak season of "Golden September and Silver October" comes to an end, a decrease in orders for furniture and raw materials is expected starting in November, leading to anticipated declines in spot prices [1] - Current spot prices are primarily supported by demand for engineered wood and clear wood, but as the Southern Hemisphere enters summer, risks associated with New Zealand logs are increasing, which may further pressure prices [1] - There is significant short-term supply pressure in the market, coupled with weak demand, indicating a challenging environment for the industry [1]
原木期货主力合约盘中触及跌停 接近上市以来最低点
Jin Tou Wang·2025-10-28 03:08