At Centersource Technologies AB we are committed to the highest standards of ethical research and data integrity, guided by the ESOMAR Code of Conduct. Our data is sourced from a limited, anonymous market survey conducted with trusted and established industry participants. The insights derived from this survey reflect aggregated finalized prices as well as observed prices reported within the participants respective markets, with a focus on the highest prices recorded during the first two weeks of each month. These insights are provided for informational purposes only and are intended to indicate market trends rather than serve as comprehensive or fully representative market data.
In adherence to ESOMAR's principles, we ensure that all data collection and analysis are conducted with transparency, respect for confidentiality, and strict compliance with ethical guidelines:
- Data Sourcing and Methodology:
We exclusively use data from government, customs, or government-affiliated websites to maintain reliability and public integrity. In addition, we engage directly with industry experts to gather real-time, firsthand information. Each data point is collected, verified, and aggregated following established ethical standards, ensuring that our research processes meet the rigor recommended by ESOMAR. - Transparency and Accuracy:
All data are published promptly as they become available from the source, ensuring that our insights remain current and reflective of on-ground market dynamics. We actively seek and incorporate regular feedback from industry experts, which allows us to make real-time adjustments and continuously improve the accuracy and reliability of our data. - Ethical Data Usage and Third-Party Material:
Our adherence to the ESOMAR Code of Conduct underscores our commitment to ethical research practices. We maintain strict controls over data sharing and usage; copying or distributing our data is prohibited under our company policy. Furthermore, all necessary agreements are in place for any third-party material used, ensuring full compliance with copyright laws and industry best practices. - Limitation of Liability:
While we strive to provide high-quality, timely market insights, the data is derived from a limited sample and should be interpreted within that context. We are not liable for any damages arising from the use of this data, as it is provided solely for informational purposes and as a directional indicator of market trends.
By integrating ESOMAR's ethical guidelines into our research methodology, we ensure that our practices are transparent, respectful of data confidentiality, and aligned with internationally recognized standards. This commitment not only reinforces the credibility of our insights but also builds trust with our stakeholders and industry partners.
China’s stimulus measures aim to revive economy & boost lumber demand
Posted on October 29, 2024 |
The Chinese government recently announced stimulus measures to boost the sluggish economy and support the struggling real estate sector.
A drop in the real estate market has reduced China’s demand for new construction this year, leading to lower softwood lumber consumption and imports.
The real estate sector in China has contracted for three years, contributing to the decline in lumber demand.
In 2023, China reduced mortgage rates by 50-100 basis points to attract new borrowers, but most existing mortgages, which account for 80% of housing purchases, still have rates above 4%.
Last month, the People's Bank of China introduced measures to stabilize the housing and stock markets, including a cut in the reserve ratio for banks and a decrease in down payments for homebuyers from 25% to 15%.
China’s softwood lumber imports fell to 11.7 million cubic meters through August, a 6% decrease from last year, while Canadian exports dropped by 3%.
While total Chinese imports increased by 4% in 2023 compared to the previous year, the slowdown in the construction sector weakened this momentum, leading Canadian producers to consider boosting exports to China instead of the U.S. market.