Core Insights - Shandong Province is transforming its forestry and grassland genetic resources into innovation and industrial advantages, with a projected total forestry industry output value of 670.3 billion yuan in 2024, ranking fourth in the country [1] Group 1: Forestry Industry - The province has developed new male varieties of poplar trees, "Taining No. 1" and "Taining No. 3," which are used in fast-growing timber plantations to address the issue of female poplar trees producing fluff [2] - Shandong has established four national-level wood processing demonstration parks, the highest number in the country, with an annual output of over 70 million cubic meters of engineered wood [2] - Linyi City has nearly 13,000 wood processing enterprises, generating over 300 billion yuan in output value and employing 1 million people [2] - Caoxian has been designated as "China's Wood Art Capital," producing 90% of the national output of wine packaging boxes and exporting to over 20 countries and regions [2] Group 2: Flower and Deep Processing Industry - Centered around peonies, Shandong has made over 60 technological breakthroughs in off-season flowering, fresh-cut flowers, and oil-bearing peony cultivation and deep processing [2] - The province's flower planting area is projected to reach 716,000 acres in 2024, with sales expected to reach 17.3 billion yuan, placing it among the top in the country [2] - Qingzhou has a flower planting area of 130,000 acres, with an annual output value of 9.8 billion yuan, and accounts for 50% of the national production of succulent plants and ornamental flowers [2] - The "Qingzhou Flower" brand is valued at 34 billion yuan and has ranked first in the province's agricultural brand for three consecutive years [2] Group 3: Future Development - The province aims to continue leveraging innovation to ensure that genetic resources are valuable, applicable, and beneficial to the public, providing sustained momentum for the high-quality development of the forestry and grassland industry [2]

Core Viewpoint - The Chilean forestry sector urgently calls for government action in response to the U.S. timber import tariffs set to take effect on October 14, which will significantly impact the industry’s competitiveness in the U.S. market [1] Group 1: Tariff Impact - The U.S. will impose a 10% tariff on logs and a 25% tariff on wood products, affecting 97.9% of Chile's forestry exports to the U.S. [1] - The U.S. is Chile's second-largest export market, accounting for 18.4% of total forestry exports [1] Group 2: Industry Challenges - The Chilean forestry sector is already facing multiple challenges, including raw material shortages due to wildfires, weak domestic demand, and rising costs [1] - Small and medium-sized enterprises in the sector are particularly vulnerable due to the lack of effective policy support [1] Group 3: Government Response - The forestry association is urging the government to seek tariff exemptions through diplomatic channels [1] - There is a call for a comprehensive response plan that combines trade negotiations with domestic support measures [1]

Core Viewpoint - A new individual business, Leshan City Zhong District Yunyan Wood Processing Factory, has been established with a registered capital of 20,000 RMB, focusing on wood processing and biomass fuel production [1] Company Summary - The legal representative of the newly established factory is Wang Xiang [1] - The business scope includes general projects such as wood processing, biomass fuel processing, biomass fuel sales, and forestry-related activities [1] - The factory is authorized to engage in road cargo transportation for vehicles with a total mass of 4.5 tons or less, excluding network freight and hazardous goods [1] Industry Summary - The factory's operations will include biomass energy technology services, collection of forest products, and wood sales [1] - The business is subject to regulatory approvals for certain activities, indicating a structured approach to compliance within the industry [1]

Core Insights - Hubei Leran Wood Industry Co., Ltd. has recently been established with a registered capital of 500,000 RMB [1] - The company is engaged in various activities including wood processing, sales, and acquisition, as well as the sale of machinery related to forestry and wood processing [1] Company Overview - The legal representative of the company is Zhang Jixin [1] - The business scope includes general projects such as wood processing, wood sales, and the sale of building materials [1] - The company is authorized to operate independently in accordance with laws and regulations, excluding prohibited or restricted items [1]

Report on Industrial Silicon 1. Report Industry Investment Rating No relevant content provided. 2. Report's Core View Industrial silicon supply increased in October, with a larger supply increase and a risk of inventory accumulation, putting pressure on prices. There are no effective regulatory measures to reduce supply for now, and it is expected that production will decline in November when some enterprises in Southwest China reduce production during the dry - season. However, considering the possible increase in raw material costs and the rise in electricity prices in November, the price center is expected to move up. Overall, prices are expected to fluctuate at a low level, mainly in the range of 8000 - 9500 yuan/ton. If the price of the 11 - contract falls to around 8000 yuan/ton, buying on dips can be considered [1]. 3. Summary by Related Catalogs Spot Price and Basis - The prices of East China oxygen - containing SI5530 industrial silicon, Huale SI4210 industrial silicon, and Xinjiang 99 silicon remained unchanged on October 13 compared to October 10. The basis of these types of industrial silicon decreased, with the basis of oxygen - containing SI5530 decreasing by 15.69%, SI4210 by 55.81%, and Xinjiang 99 silicon by 12.44% [1]. Inter - month Spread - The spread between 2510 - 2511 increased by 66.67%, 2511 - 2512 by 6.49%, 2512 - 2601 by 30.00%, 2602 - 2603 by 250.00%, while the spread between 2601 - 2602 decreased [1]. Fundamental Data (Monthly) - National industrial silicon production increased by 9.10% to 42.08 million tons, with Xinjiang increasing by 19.78% to 20.32 million tons, Yunnan by 2.41% to 5.95 million tons, and Sichuan decreasing by 1.49% to 5.29 million tons. The national operating rate increased by 10.86% to 61.94%. Organic silicon DMC production decreased by 5.78%, and polysilicon production decreased by 1.29%. Recycled aluminum alloy production increased by 7.48%, and industrial silicon exports increased by 3.56% [1]. Inventory Changes - Xinjiang factory - warehouse inventory increased by 2.07%, Yunnan by 7.69%, Sichuan by 2.75%. Social inventory increased by 0.37% to 54.50 million tons, warehouse - receipt inventory increased by 1.14%, and non - warehouse - receipt inventory decreased by 0.30% [1]. Report on Polysilicon 1. Report Industry Investment Rating No relevant content provided. 2. Report's Core View In October, polysilicon faces increased supply pressure, with production increasing while downstream production scheduling has not increased synchronously, so there is a pressure of inventory accumulation. Currently, the futures price is at a discount, and the pressure of warehouse receipts has decreased. However, if the inventory pressure persists, the pressure of warehouse receipts may increase in the future. The demand side has not shown significant improvement. Attention can be paid to the changes in export tax - rebate policies and the increase in fourth - quarter installations. Overall, polysilicon prices are expected to fluctuate at a high level. As supply pressure increases, prices may be under pressure, but if the spot price is firm, there will still be strong support below. Downstream enterprises can pay attention to the opportunity of purchasing on the futures market [2]. 3. Summary by Related Catalogs Spot Price and Basis - The average price of N - type re - feedstock increased by 0.38% to 52750 yuan/ton, and the basis of N - type materials increased by 11.85%. The prices of some other products remained unchanged [2]. Futures Price and Inter - month Spread - The main contract price decreased by 0.46%. The spreads between some contracts changed significantly, such as the spread between "consecutive one - consecutive two" increasing by 14.65%, and the spreads between some other contracts increasing by 400.00% [2]. Fundamental Data (Weekly and Monthly) - Weekly: Silicon wafer production decreased by 6.89% to 12.83 GM, and polysilicon production decreased by 0.32% to 3.10 million tons. - Monthly: Polysilicon production decreased by 1.29% to 13.00 million tons, imports decreased by 14.02%, exports increased by 40.12%, and net exports increased by 105.68%. Silicon wafer production increased by 5.37% to 59.05 GM, imports increased by 74.18%, exports increased by 43.95%, and net exports increased by 41.88%. Silicon wafer demand increased by 4.64% [2]. Inventory Changes - Polysilicon inventory increased by 6.19% to 24.00 million tons, silicon wafer inventory increased by 3.39% to 16.78 GM, and polysilicon warehouse receipts decreased by 2.95% to 7900 lots [2]. Report on Natural Rubber 1. Report Industry Investment Rating No relevant content provided. 2. Report's Core View On the supply side, there has been rainfall in overseas production areas, and raw material prices have been firm. However, as the rainfall is expected to improve, the supply is expected to increase, and raw material prices may weaken. On the demand side, before the "National Day" holiday, the domestic tire market was stable. The trading of semi - steel tires was dull, and the social inventory was sufficient with slow consumption. The trading of all - steel tires was average, and there was no obvious pre - holiday stocking. Affected by the US tariff policy on Friday night, commodity prices were generally weak, but the macro - sentiment recovered later, and the rubber price on Monday increased slightly compared to Friday night. Attention should be paid to the raw material output during the peak production season in the main production areas. If the raw material supply increases smoothly, the price may decline further; if not, the rubber price is expected to be around 15500 yuan/ton [4]. 3. Summary by Related Catalogs Spot Price and Basis - The price of Yunnan state - owned full - latex decreased by 2.40%, the full - latex basis decreased by 3.76%. The price of Thai standard mixed rubber decreased by 2.03%, and the non - standard price difference increased by 13.27%. The price of cup rubber increased by 1.58%, and the price of natural rubber glue in Xishuangbanna increased by 1.56% [4]. Inter - month Spread - The spread between 9 - 1 increased by 250.00%, and the spread between 1 - 5 decreased by 62.50% [4]. Fundamental Data - In August, Thailand's production decreased by 0.43%, China's production increased by 12.20%, and India's production increased by 11.11%. The operating rate of semi - steel tires decreased by 27.07%, and that of all - steel tires decreased by 21.76%. Domestic tire production in August increased by 9.10%, tire exports decreased by 5.46%, natural rubber imports increased by 9.68%, and imports of natural and synthetic rubber increased by 12.42% [4]. Inventory Changes - Bonded area inventory decreased by 1.01%, and the warehouse - receipt inventory of natural rubber in the SHFE decreased by 1.68%. The outbound rate of dry rubber in the bonded warehouse in Qingdao decreased, and the inbound and outbound rates of dry rubber in general trade increased [4]. Report on Glass and Soda Ash 1. Report Industry Investment Rating No relevant content provided. 2. Report's Core View - Soda ash: It is trending weakly, with inventory accumulating significantly during the long holiday. The mid - stream delivery inventory also increased. The market is affected by the news and macro - factors, and the fundamental oversupply problem still exists. In the medium term, the downstream demand is expected to remain at the previous rigid - demand level. The overall supply - demand pattern is bearish, and the idea of short - selling on rebounds can be continued. - Glass: The production and sales are sluggish, and the market quotation is still weak. The market is trading on the logic of a non - prosperous peak season and fundamental oversupply. The mid - stream inventory in some areas remains high. In the medium and long term, the real - estate cycle is at the bottom, and the industry needs to eliminate excess capacity. During the "Golden September and Silver October" peak season, attention should be paid to the spot purchasing rhythm, high - frequency data changes, and macro - level drivers [7]. 3. Summary by Related Catalogs Price and Spread - **Glass**: The prices in East China decreased by 1.49%, the prices of the 2505 and 2509 contracts decreased, and the 05 - contract basis increased by 20.19%. - **Soda ash**: The price in the Northwest decreased by 5.00%, the price of the 2505 contract increased by 0.30%, and the 05 - contract basis decreased by 12.50% [7]. Supply - The operating rate of soda ash increased by 3.37%, the weekly production of soda ash increased by 3.37%, the daily melting volume of float glass increased by 1.16%, and the daily melting volume of photovoltaic glass remained unchanged [7]. Inventory - Glass factory - warehouse inventory increased by 5.84%, soda ash factory - warehouse inventory increased by 3.74%, and soda ash delivery - warehouse inventory increased by 4.05% [7]. Real - estate Data - The year - on - year change of new construction area increased by 0.09%, the construction area decreased by 2.43%, the completion area decreased by 0.03%, and the sales area decreased by 6.50% [7]. Report on Logs 1. Report Industry Investment Rating No relevant content provided. 2. Report's Core View The fundamentals of logs have not changed significantly, and there is no obvious driving force in supply and demand. The near - month contracts fell sharply due to the news that the exchange was discussing the delivery - location premium and discount, while the far - month contracts were relatively strong. During the seasonal peak season, there is some support below the market. The current market price is near the import cost and lower than the delivery cost. It is recommended to allocate more on the 01 - contract below the import cost [8]. 3. Summary by Related Catalogs Futures and Spot Prices - The 2511 log - futures contract decreased by 18 yuan to 803 yuan/cubic meter. The spot prices of major benchmark delivery products remained unchanged, with the price of 3.9 - meter medium - A radiata pine in Shandong at 760 yuan/cubic meter and that in Jiangsu at 780 yuan/cubic meter [8]. Supply - The national coniferous log inventory as of October 10 was 299 million cubic meters, an increase of 130,000 cubic meters from the previous week. The expected number of New Zealand log - arriving ships this week is 13, an increase of 6 from the previous week, and the arrival volume is about 455,500 cubic meters, an increase of 200,500 cubic meters from the previous week [8]. Demand - As of October 10, the daily log outbound volume was 5.73 million cubic meters, a decrease of 830,000 cubic meters from the previous week [8].

Core Viewpoint - A new company, Shijiazhuang Tengmeng Wood Processing Co., Ltd., has been established with a registered capital of 3 million RMB, focusing on various wood processing and sales activities [1] Company Summary - The legal representative of the company is Geng Lukai [1] - The registered capital of the company is 3 million RMB [1] - The company operates in multiple sectors including wood processing, softwood product manufacturing, and wood sales [1] Business Scope - The business scope includes general projects such as: - Wood processing - Softwood product manufacturing - Wood sales and acquisition - Sales of wood containers and artificial boards - Sales of construction materials and decorative materials - Retail of hardware products, doors, and windows - Sales of various materials including insulation, fireproof, and non-metallic minerals [1]

1. Report Industry Investment Rating - The investment view is that the log futures will run strongly [4] 2. Core View of the Report - The fundamentals of the log market remain stable, and the log futures are expected to run strongly. The supply situation has a slightly negative impact, while demand and inventory factors have a positive impact. The valuation is considered neutral [4] 3. Summary by Relevant Catalogs 3.1 Main Views and Strategy Overview - **Supply**: In September 2025, the estimated log shipment volume from New Zealand to China, Japan, South Korea, and India was 1.766 million cubic meters, a month - on - month increase of 6.00% (100,000 cubic meters). The number of ships was 46, a month - on - month increase of 4.55% (2 ships), showing a slightly negative impact [4] - **Demand**: As of September 26, the average daily log outbound volume of 13 ports was 65,600 cubic meters, a week - on - week increase of 9.70% (5,800 cubic meters), indicating a positive impact [4] - **Inventory**: As of September 26, the total domestic log inventory by material was 2.86 million cubic meters, a week - on - week decrease of 2.05% (60,000 cubic meters). The radiata pine inventory was 2.35 million cubic meters, a week - on - week decrease of 1.67% (40,000 cubic meters), having a positive impact [4] - **Valuation**: The current log futures delivery cost is between 830 - 840 yuan/m³, with a neutral valuation [4] - **Investment View**: The fundamentals are stable, and the log futures are expected to run strongly [4] 3.2 Review of Futures and Spot Market - **Futures Market**: Last week, the log futures ran strongly. Due to the increase in spot prices and strong fundamentals, there was a slight increase. Currently, the delivery logic is not being traded, and with firm spot prices and inventory not reaching the inflection point, it is expected to continue running strongly. As of October 10, 2025, the total log futures contract open interest was 19,649 lots, a 1.8% decrease from last week. The open interest of the main contract 2511 was 9,354 lots, a 24% decrease from last week [7][12] - **Spot Market**: As of October 10, 2025, in Shandong, the prices of 3.9 - meter small A/middle A/large A radiata pine were 710/760/880 yuan/m³, and 5.9 - meter small A/middle A/large A were 750/790/980 yuan/m³. In Jiangsu, the prices of 3.9 - meter small A/middle A/large A radiata pine were 720/780/820 yuan/m³, and 5.9 - meter small A/middle A/large A were 760/800/860 yuan/m³ [17] 3.3 Log Supply and Demand Fundamental Data - **Import Volume**: In August 2025, China's total coniferous log import volume was 1.725 million cubic meters, a year - on - year decrease of 20.0% and a month - on - month decrease of 11.7%. The import volume from New Zealand was 1.306 million cubic meters, with the year - on - year change turning from an increase to a decrease, a 6.5% decline, and a month - on - month decrease of 10.4%. The radiata pine import volume was 1.297 million cubic meters, a year - on - year decrease of 4.3% and a month - on - month decrease of 7.2% [22] - **Expected Shipment from New Zealand**: In September 2025, the estimated log shipment volume from New Zealand to China, Japan, South Korea, and India was 1.766 million cubic meters, a month - on - month increase of 6.00% (100,000 cubic meters). The number of ships was 46, a month - on - month increase of 4.55% (2 ships) [25] - **Inventory**: As of September 26, the total domestic log inventory by material was 2.86 million cubic meters, a week - on - week decrease of 2.05% (60,000 cubic meters). The radiata pine inventory was 2.35 million cubic meters, a week - on - week decrease of 1.67% (40,000 cubic meters). The North American timber inventory was 90,000 cubic meters, a week - on - week decrease of 10.00% (10,000 cubic meters). The spruce/fir inventory was 200,000 cubic meters, a week - on - week decrease of 4.76% (10,000 cubic meters). As of September 26, the total inventory of 3 ports in Shandong was 1.774 million cubic meters, an increase of 8,000 cubic meters from the previous period. The total inventory of 3 ports in Jiangsu was 847,893 cubic meters, an increase of 8,000 cubic meters from the previous period [32] - **Outbound Volume**: As of September 26, the average daily log outbound volume of 13 ports was 65,600 cubic meters, a week - on - week increase of 9.70% (5,800 cubic meters). Among them, the average daily total outbound volume of 3 ports in Shandong was 34,400 cubic meters, a week - on - week increase of 12.42% (3,800 cubic meters). The average daily total outbound volume of 3 ports in Jiangsu was 26,300 cubic meters, an increase of 3,300 cubic meters from the previous period [35] - **Wooden Square**: As of October 10, 2025, the wooden square price in Shandong was 1,270 yuan/m³, unchanged from the previous week. In Jiangsu, it was also 1,270 yuan/m³, unchanged from the previous week. The processing profit in Shandong was 16 yuan/m³, unchanged from the previous week. The processing profit in Jiangsu was - 14.6 yuan/m³, unchanged from the previous week [38]

| 玻璃纯碱期现日报 | | | | | | | --- | --- | --- | --- | --- | --- | | 投资咨询业务资格:证监许可 【2011】1292号 2025年10月13日 | | | | 将诗语 | Z0017002 | | 玻璃相关价格及价差 | | | | | | | 品种 | 现值 | 前值 | 张跃 | 涨跌幅 | 单位 | | 华北报价 | 1230 | 1240 | -10 | -0.81% | | | 华东报价 | 1340 | 1340 | 0 | 0.00% | | | 华中报价 | 1220 | 1220 | 0 | 0.00% | | | 华南报价 | 1310 | 1310 | 0 | 0.00% | TC/HP | | 玻璃2505 | 1334 | 1338 | -4 | -0.30% | | | 玻璃2509 | 1407 | 1407 | 0 | 0.00% | | | 05 # 7 | -104 | -d8 | -6 | -6.12% | | | 纯碱相关价格及价差 | | | | | | | 品和 | 现值 | 前值 | 涨跌 | 涨跌幅 | ...

Core Viewpoint - The recent announcement by Trump to impose a 100% tariff on China and export controls on key software is seen as a significant escalation in the US-China trade conflict, which could have profound implications for bilateral trade and the global trade system [1] Group 1: Tariff Revenue and Rates - Since the onset of the trade war, US tariff revenue has surged, becoming the fourth largest source of federal revenue, following individual income tax, social security tax, and corporate income tax [6] - From January to June 2025, the average tariff rate in the US increased from 2.2% to 8.9%, with a notable rise in April due to expanded tariffs on a global scale [8][14] - By August 2025, US tariff revenue reached $144.4 billion, 2.8 times that of the previous year, accounting for 4.0% of federal revenue, an increase of 2.5 percentage points year-on-year [6] Group 2: Tariff Rates by Trade Partner - The actual average tariff rate imposed by the US on China reached 37.4% by June 2025, with significant increases observed for labor-intensive goods and products affected by Section 232 tariffs [24][29] - The average tariff rates for Japan and South Korea were 15.3% and 12.0%, respectively, while rates for the EU, Vietnam, and India ranged between 5% and 10% [24] - The US has seen a decline in its reliance on Chinese imports, with the share of imports from China dropping to 9.4% of total imports, a decrease of 3.4 percentage points year-on-year [28] Group 3: Trade Performance and Deficits - In the first seven months of 2025, US imports grew by 10.7% and exports by 4.8%, but the trade deficit expanded by 21.3% [19] - The US experienced a decline in trade volume with China and Canada, with imports from China down by 18.9% and exports down by 20.2% [19][20] - Despite high tariffs on China, the overall trade deficit with other countries has increased, indicating that the US still relies heavily on imports to meet domestic demand [20] Group 4: Future Tariff Trends - The actual tariff rates are expected to converge with nominal rates as various loopholes and exemptions are closed, leading to an increase in effective tariff rates across different economies [33][34] - Factors such as preemptive imports and exemptions for certain goods have contributed to the current lower effective tariff rates, but these are anticipated to diminish over time [33][35]

Report Industry Investment Rating - Not provided in the document Core Viewpoints - The spot price of mainstream delivery product 3.9m 30+ radiata pine in Shandong remained flat compared to last week, while in Jiangsu it increased by 5 yuan/cubic meter. The European spruce and fir in the Jiangsu market are still in short supply. The market is in a weak supply - demand pattern, and the futures market shows a high - level correction this week [4][17] - The total inventory of the four major ports decreased by 3.09 million cubic meters compared to the previous week, with different trends in each port's inventory and daily shipment volume [6][11] Summary by Directory 1. Overview - For 3.9m 30+ radiata pine, Shandong's quote was 765 yuan/cubic meter (unchanged from last week), and Jiangsu's was 770 yuan/cubic meter (up 5 yuan/cubic meter). The 3.9m 40+ radiata pine in Shandong was priced at 850 yuan/cubic meter (unchanged), and the 5.9m 30+ radiata pine was 805 yuan/cubic meter (up 20 yuan/cubic meter). European spruce and fir in Jiangsu are in short supply [4] - As of October 5, there were 7 ships departing from New Zealand in October, 6 going to the Chinese mainland and 1 for unloading in Taiwan, China and South Korea. It is expected that 7 ships will arrive in October and 0 in November, with an expected arrival volume of 1.34 million cubic meters in October [5] - As of the week of September 26, the daily shipment volume of Lanshan Port was 1.72 million cubic meters (down 0.36 million cubic meters week - on - week), and that of Taicang Port was 1.44 million cubic meters (up 0.18 million cubic meters week - on - week). In terms of port inventory, Lanshan Port had about 1.1558 million cubic meters (up 1.50 million cubic meters week - on - week), Taicang Port had about 0.4394 million cubic meters (down 3.75 million cubic meters week - on - week), Xinminzhou had about 0.3050 million cubic meters (up 1.45 million cubic meters week - on - week), and Jiangdu Port had about 0.1235 million cubic meters (down 2.29 million cubic meters week - on - week). The total inventory of the four major ports was 2.0237 million cubic meters, a decrease of 3.09 million cubic meters from the previous week [6][11] - As of the week of October 12, the Baltic Dry Index (BDI) was 1936 points, up 35 points (+1.8%) from last week. The related Handysize Shipping Index BHSI was 873, up 0.6% from last week. The Shanghai Export Container Freight Index (SCFI) was 1160.42 points, up 4.1% from last week. The US dollar index fluctuated narrowly. The US dollar to RMB exchange rate was 7.129, up 0.13% week - on - week, and the US dollar to New Zealand dollar exchange rate rose 0.2% to 1.723 [6][56] 2. Supply - New Zealand log shipping schedule data shows 7 ships departing in October, with details of their departure time, load, current port, expected destination port, and expected arrival time [8] 3. Demand and Inventory - As of the week of September 26, the daily shipment volume and inventory of different ports showed different trends. The total inventory of the four major ports decreased by 3.09 million cubic meters compared to the previous week. The data also shows the inventory and changes of different tree species in each port [11][12] 4. Market Trends - As of October 10, the closing price of the main contract LG2511 was 821 yuan/cubic meter, up 0.6% from last week. The market showed a high - level correction this week, and the monthly spread changes were small [17] 5. Price and Spread - Spot price data of different tree species and specifications in Shandong and Jiangsu regions are provided, including 3.9m 30+ radiata pine, 3.9m 40+ radiata pine, etc., along with their price changes compared to last week and four weeks ago [21] - The regional price differences between Shandong and Jiangsu for different tree species and specifications are presented, such as 3.9m 30+ radiata pine, 3.9m 40+ radiata pine, etc. [23][28][32] - The price differences between different tree species and specifications are also shown, like the difference between 3.9m 30+ radiata pine and 3.9m 40+ radiata pine [40][42][44] 6. Other - Other price influencing factors include freight rates and exchange rates. The dry bulk BDI, Handysize BHSI, crude oil BDTI, and SCFI all had different changes compared to last week and four weeks ago. The US dollar to RMB and US dollar to New Zealand dollar exchange rates also changed [55][56]