Gum Rosin Annual Meeting 2006 was over in the past week, about 200 attendees participated the meeting. Most participants believed that the total output and demand of gum rosin will increase in 2006, however, there are different views on the increase ammount. All parties on the market was very cautious for the future market, most plants produce gum rosin upon order to reduce risk. Crop season of 2006 will be over in the end of December in main producing province, Guangxi and Guangdong province; however, the third biggest producing province, Yunnan, at present,is in its middle producing season due to it's geographical location.
Gum rosin and gum turpentine oil market generally kept in stable in the past week. In the weekend, gum rosin was quoted at about 8080RMB/ton (ww grade, steam method, Pinus massoniana, packing with galvanized iron drum) in Nanning, 8150RMB/ton (ww grade, steam method, Pinus massoniana, packing with galvanized iron drum) in Guangdong, 8100-8150RMB/ton (ww grade, steam method, Pinus massoniana, packing with galvanized iron drum) in Huangpu port. gum turpentine oil was quoted at about 7900RMB (super grade, Pinus massoniana,not including packing cost) in Nanning, Guangxi.
For export market, the quotation of gum rosin was about 945-955USD/ton (ww grade, steam method, Pinus massoniana, packing with galvanized iron drum).