Exports of hardwood chips from Australia rose 1.4% month on month in February 2014. Exports totalled 328.9 kbdmt at an average price of AUDFob167.16/bdmt*.
For the same period, softwood chip exports fell 8.3%, totalling 59.6 kbdmt at an average price of AUDFob146.21/bdmt.
Analysis of deliveries using IndustryEdge’s detailed tracking of wood chip shipping movements allows estimation of exports for the month that has yet to be recorded. Using our Shipment to Vessel Weight Ratio tool, we estimate total exports of wood chips in March 2014 was around 351 kbdmt, with a likely fall of around 8% in the quantity of hardwood chips exported compared with the previous month.
Using the same data and analytical tools, we estimate total deliveries for the month were in the order of 529 kbdmt, with approximately 44.3% delivered to China and 46.0% delivered to Japan.
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* bdmt ~ bone dry metric tonne