Market Overview - The price of A-grade radiata pine logs at Rizhao Port remained stable at 750 CNY/m³, while at Taicang Port, the price increased by 10 CNY/m³ to 780 CNY/m³ [1] - The price of 11.8m spruce logs at Rizhao Port remained unchanged at 1150 CNY/m³ [1] - The average daily outbound volume of logs nationwide is 64,200 m³, showing a month-on-month increase of 9.18% and a year-on-year increase of 35.73% [1] Supply and Demand Dynamics - The number of incoming New Zealand logs at 11 ports in China decreased to 7 vessels, down by 8 vessels or 53% week-on-week [1] - The total volume of logs arriving at ports was approximately 190,000 m³, a decrease of 286,000 m³ or 60% from the previous week [1] Institutional Insights - New Century Futures indicates that the current market prices are stable, with expected reductions in log arrivals, leading to manageable supply pressure and increased stocking intentions from processing plants [2] - Ruida Futures notes that port inventories are at a neutral level for the year, with external prices providing cost support, and overall downstream demand for logs is gradually recovering [2]