While most of the world’s economy has been on the skids for the past four years, China’s economic growth has kept humming along at nearly double digit rates. Until now. China’s economic performance has fallen back for what appears to be a “cooling off” period while market demand within China catches up with its own housing and industrial development. What it means is that with dropping Chinese demand for raw logs from the U.S., Russia and other Pacific Rim countries, log prices will drop, even here at home. It means that local mills will get logs at reduced prices which will enhance not only their activity but also their bottom lines.
The story is in the Oregonian. Click here.