原木数据日报-20250813

Group 1: Report Summary - This is a log data daily report from the Research Institute of Guomao Futures, dated August 13, 2025 [2][3] Group 2: Price Information Spot Prices - In Shandong, for radiata pine, 3.9m medium A is 750 yuan/m³, 5.9m medium A is 790 yuan/m³, 3.9m small A is 720 yuan/m³, 5.9m small A is 730 yuan/m³; in Jiangsu, 4m medium A is 770 yuan/m³, 6m medium A is 800 yuan/m³, 4m small A is 720 yuan/m³, 6m small A is 750 yuan/m³ [4] Outer - Disk Quotes - The price range of 4m medium A radiata pine in July is 113 - 117 dollars/JAS m³, up 6 dollars from June's 110 - 111 dollars/JAS m³ [4] Futures Prices - LG2511 contract is 845.5 yuan/m³, down 1 yuan from the previous period; LG2509 contract is 824.5 yuan/m³, down 8 yuan from the previous period [4] Downstream Timber Prices - In Shandong and Jiangsu, the price of 400050100 wood squares is 1270 yuan and 1260 yuan respectively, unchanged from the previous period [4] Group 3: Supply and Demand Information Supply - In June 2025, New Zealand's log import volume was 1710000 m³, North American timber was 101000 m³, and European timber was 131000 m³; in July, New Zealand's was 1673000 m³, North American timber was 95000 m³, and European timber was 190000 m³. The shipping volume from New Zealand to China from July 14 - 20 and July 21 - 27 was 320000 JAS m³ [4] Inventory - On August 1, the total inventory was 3170000 m³, with Shandong inventory at 1930000 m³ and Jiangsu inventory at 960000 m³ [4] Demand - On August 1, the daily average outbound volume was 64200 m³, with Shandong's at 35700 m³ and Jiangsu's at 23200 m³ [4] Group 4: Core View - The log spot market was basically stable this week, port inventory and outbound volume were stable, and spot prices rose due to the increase in the price of futures - spot merchants. The current market price of 5.9m medium A is 790 - 800 yuan/m³, and the delivery cost is about 820 - 830 yuan/m². It is expected that the log 09 contract will operate in the range of 820 - 840 yuan/m³ [4]