市场快讯：原木盘中触及跌停

Group 1: Market News - Logs hit the daily limit down during intraday trading on October 27, 2025 [1] Group 2: Trade Negotiation - China and the US held economic and trade consultations in Kuala Lumpur, Malaysia, achieving positive progress on multiple key issues and sending a clear signal to stabilize bilateral economic and trade relations [3] Group 3: Market Impact - Positive signals from China-US trade consultations over the weekend weakened market expectations for future freight rate support, offsetting the bullish effect on log prices [4] - New Zealand is entering the shipping peak season, with domestic arrivals remaining at a normal to high level since October. From mid - to late - October, weekly arrivals have been 12 ships or more. On October 26, arrivals are expected to reach 13 ships, mainly in Shandong Lanshan; on November 2, it is expected to increase to 14 ships, mainly in Lanshan and Taicang, with weekly arrivals close to 500,000 cubic meters [4] - After the holiday, the shipment volume rebounded compared to the holiday period but decreased significantly year - on - year. As of October 17, the average daily total shipment volume in Lanshan and the Yangtze River Delta was 40,800 cubic meters, a 40.1% year - on - year decrease from 68,200 cubic meters last year [4] - Recently, arrivals are high, increasing both month - on - month and year - on - year. With the end of laminated wood stockpiling, the support for butt log prices has weakened, and spot quotes may be lowered [4]