天眼查App显示，近日，海南瑶熙木制品有限责任公司成立，法定代表人为陈华昌，注册资本100万人 民币，经营范围为许可经营项目：道路货物运输（不含危险货物）（许可经营项目凭许可证件经营）一 般经营项目：木材加工；木材收购；木材销售；建筑用木料及木材组件加工；家具制造；家具销售；家 具安装和维修服务；工艺美术品及礼仪用品制造（象牙及其制品除外）；互联网销售（除销售需要许可 的商品）（经营范围中的一般经营项目依法自主开展经营活动，通过国家企业信用信息公示系统（海 南）向社会公示）。 ...

Core Viewpoint - Yunnan Junmao Wood Industry Co., Ltd. has been established with a registered capital of 2 million RMB, focusing on various wood processing and manufacturing activities [1] Company Summary - The legal representative of Yunnan Junmao Wood Industry Co., Ltd. is Zhou Qilong [1] - The company has a registered capital of 2 million RMB [1] - The business scope includes general projects such as wood processing, wood sales, manufactured board production, furniture manufacturing, and sales [1] - The company is also involved in the processing of construction wood and wood components, as well as the manufacturing of specialized chemical products (excluding hazardous chemicals) [1] - The company is authorized to produce plywood products, subject to approval from relevant authorities [1]

天眼查App显示，近日，佛山市东鸥木业有限公司成立，法定代表人为叶汉明，注册资本100万人民 币，经营范围为一般项目：木材销售；建筑材料销售；建筑装饰材料销售；软木制品销售；园林绿化工 程施工；信息技术咨询服务；销售代理；进出口代理；国内贸易代理。（除依法须经批准的项目外，凭 营业执照依法自主开展经营活动）。 ...

Report Summary 1. Report Industry Investment Rating - No information provided in the report. 2. Core View of the Report - The spot price of logs has been weak recently, with a downward adjustment. The supply side has seen a continuous increase in arrivals, putting significant pressure on the market. However, the current futures price is at a relatively low level, and the significant inversion between domestic and foreign prices provides some support in terms of import costs, limiting the downside space of the futures price. There is an expectation of a downward adjustment in foreign quotes. Overall, in the context of weak supply and demand, the log futures market is expected to maintain a low - level volatile trend [3][4]. 3. Summary by Relevant Catalogs 3.1 Futures and Spot Prices - **Futures Price Changes**: On November 19, compared with November 18, the prices of log futures contracts LG2601, LG2603, and LG2605 all declined, with decreases of 9.5 yuan (-1.21%), 2.5 yuan (-0.31%), and 3.5 yuan (-0.43%) respectively. The 01 - 03 spread decreased by 7.0, and the 01 - 05 spread decreased by 6.0. The basis of the 03 contract increased by 2.5, and the basis of the 01 contract increased by 9.5 [2]. - **Spot Price Changes**: The spot prices of various types of logs in ports such as Rizhao and Taicang remained unchanged on November 19 compared with November 18. The CFR prices of radiata pine 4 - meter medium A and spruce 11.8 - meter also remained unchanged [2]. - **Import Cost Changes**: The RMB - US dollar exchange rate on November 19 was 7.111 yuan, a decrease of 0.002 yuan compared with November 18. The import theoretical cost was 810.73 yuan, a decrease of 0.26 yuan [2]. 3.2 Supply - **Monthly Supply**: In October, port throughput was 201.3 million cubic meters, an increase of 24.7 million cubic meters (13.99%) compared with September. The number of ships arriving at the port from New Zealand to China, Japan, and South Korea was 54, an increase of 8 (17.39%) [2]. - **Inventory**: As of November 14, the total inventory of domestic coniferous logs was 295 million cubic meters, an increase of 2 million cubic meters (0.68%) compared with November 7. The inventory in Shandong was 195.4 million cubic meters, an increase of 3.9 million cubic meters (2.04%), and the inventory in Jiangsu was 83.66 million cubic meters, an increase of 1.2 million cubic meters (1.46%) [2][3]. 3.3 Demand - **Weekly Average Daily Outbound Volume**: As of November 14, the average daily outbound volume of logs in China was 6.56 million cubic meters, a decrease of 0.07 million cubic meters (-1%) compared with November 7. In Shandong, it was 3.67 million cubic meters, a decrease of 0.12 million cubic meters (-3%), and in Jiangsu, it was 2.28 million cubic meters, an increase of 0.16 million cubic meters (7%) [3]. 3.4 Forecast of Arriving Ships - From November 17 - 23, 2025, 13 New Zealand log ships are expected to arrive at 13 Chinese ports, an increase of 3 ships (30%) compared with last week. The total arrival volume is about 46.5 million cubic meters, an increase of 15 million cubic meters (48%) compared with last week [3]

天眼查App显示，近日，冕宁县中宏木业有限公司成立，法定代表人为羊露，注册资本50万人民币，经 营范围为许可项目：木材采运；林木种子生产经营。（依法须经批准的项目，经相关部门批准后方可开 展经营活动，具体经营项目以相关部门批准文件或许可证件为准）一般项目：木材加工；木材收购；木 材销售；建筑用木料及木材组件加工；建筑装饰材料销售；人造板销售；建筑材料销售；轻质建筑材料 销售；轻质建筑材料制造；密封用填料制造；密封用填料销售；树木种植经营；森林改培；园林绿化工 程施工；营林及木竹采伐机械销售；林业专业及辅助性活动；人工造林；规划设计管理；花卉种植；园 艺产品销售；森林经营和管护；林业有害生物防治服务；劳务服务（不含劳务派遣）；土地调查评估服 务；灌溉服务；节能管理服务；农业机械租赁；技术服务、技术开发、技术咨询、技术交流、技术转 让、技术推广；林业产品销售；家具销售。（除依法须经批准的项目外，凭营业执照依法自主开展经营 活动）（涉及国家规定实施准入特别管理措施的除外）。 ...

天眼查App显示，近日，张家港檀青木业有限公司成立，法定代表人为蒋婷婷，注册资本200万人民 币，经营范围为一般项目：木材销售；木材收购；林业产品销售；地板销售；家具销售；日用木制品销 售；软木制品销售；建筑材料销售；建筑装饰材料销售；保温材料销售；防腐材料销售；园林绿化工程 施工；互联网销售（除销售需要许可的商品）；销售代理；货物进出口；技术进出口；进出口代理（除 依法须经批准的项目外，凭营业执照依法自主开展经营活动）。 ...

Core Insights - Suzhou Jianglin Wood Industry Co., Ltd. has been established with a registered capital of 500,000 RMB [1] - The company is engaged in a wide range of activities including wood processing, sales, and various construction-related services [1] Company Overview - The legal representative of the company is Xu Huijun [1] - The business scope includes general projects such as wood processing, wood sales, and the manufacturing of daily wooden products [1] - The company also deals in construction materials, domestic trade agency, and various sales of plastic, rubber, and metal products [1] Industry Activities - The company is involved in the processing and sales of wood and bamboo materials, as well as the sale of wood processing machinery [1] - It provides services related to domestic cargo transportation and rental services (excluding licensed rental services) [1] - The company’s activities extend to the manufacturing and sales of furniture and high-quality special steel materials [1]

天眼查App显示，近日，四川凌彭向木业有限公司成立，法定代表人为彭焱，注册资本50万人民币，经 营范围为一般项目：木材销售；木材加工；人造板制造；人造板销售；灯具销售；建筑材料销售；轻质 建筑材料销售；照明器具销售；电气设备销售；机械电气设备销售；卫生陶瓷制品销售；五金产品零 售；五金产品批发；电线、电缆经营；建筑装饰材料销售；装卸搬运；住宅水电安装维护服务；家具安 装和维修服务；劳动保护用品销售；广告设计、代理；专业保洁、清洗、消毒服务；家政服务；软木制 品销售；包装材料及制品销售。（除依法须经批准的项目外，凭营业执照依法自主开展经营活动）许可 项目：木材采运。（依法须经批准的项目，经相关部门批准后方可开展经营活动，具体经营项目以相关 部门批准文件或许可证件为准）（涉及国家规定实施准入特别管理措施的除外）。 ...

Core Insights - A new company, Feixian Fuyou Wood Processing Plant, has been established with a registered capital of 100,000 RMB [1] - The legal representative of the company is Wang Fuai [1] Business Scope - The company is engaged in various activities including wood processing, wood acquisition, wood sales, softwood product manufacturing, daily-use wooden product manufacturing, softwood product sales, daily-use wooden product sales, artificial board sales, artificial board manufacturing, wooden container manufacturing, wooden container sales, wooden toy sales, and processing of construction wood and wood components [1] - The company also has an internet sales component, excluding items that require special permits [1] - The production of plywood products is a licensed activity, which requires approval from relevant authorities before commencement [1]

天眼查App显示，近日，菏泽芹秀木材经销有限公司成立，法定代表人为董秀芹，注册资本10万人民 币，经营范围为一般项目：木材销售；地板销售；软木制品销售；林业产品销售；日用木制品销售；木 材收购；竹制品销售；生物质成型燃料销售；家居用品销售；建筑装饰材料销售；人造板销售；林业专 业及辅助性活动；初级农产品收购；林产品采集；家具零配件销售；建筑材料销售；藤制品销售。（除 依法须经批准的项目外，凭营业执照依法自主开展经营活动）。 ...