November 2013 IST blackwood tender results
The November Island Specialty Timbers (IST) tender results provided some mixed results for blackwood. There were three blackwood logs up for tender; two small and one medium size log; all plain grain with some negative quality issues.
Only the smallest log (3.5m length 0.71 m3 volume) sold, but it achieved the very good price of $500 per cubic metre despite the small size and quality issues.
The very good price for a pretty ordinary log is the good news.
The uncertainty comes from the lack of demand for the other two larger blackwood logs. These logs together with a feature-grain eucalypt log were the only logs unsold from the parcel of 22 lots.
As I said. It was a mixed result.