Demand in China's timber market has slowed
In June this year, China's economy began to stabilize after a successive slowdown in April and May. Weak demand has slowed down, but companies are still feeling the weakness, especially in international markets.
On June 29, the Standing Committee of the State Council deliberated and adopted the Measures for Promoting Household Consumption. It is pointed out that household consumption has the characteristics of long upstream and downstream supply chains. The Chinese government will take measures to promote household consumption through policy coordination and coordination to promote household consumption, renovation of old residential areas, housing renovation and other measures. The elderly, building a convenient living circle, improving recycling, and forming a joint force to promote consumption.
In addition, on June 28, the third meeting of the Standing Committee of the 14th National People's Congress voted to designate August 15 as National Ecological Day to enhance the awareness of the people of the whole country and stimulate conscious action of the whole industry.
Production and output in the timber and wood products sector slowed down in June due to festive seasons and a slow recovery in demand.
GTI Chinese enterprises' orders and output decreased compared with the previous month, raw materials and finished product inventories decreased, and market prices still showed a downward trend.
In June, the GTI-China Index recorded 48.2%, up from the previous month, but has been below the critical value (50%) for two consecutive months, indicating that the business sentiment represented by GTI-China The index shrank further from the previous month, but the pace of contraction slowed down.
