This "Price update" posted on November 14, for the newest "Price update", please contact globalrosin@hotmail.com to apply for subscription member.
After sharp drop in the past two weeks, the decline trend began to slow down in the begining of the week, the procurement price of pine oleoresin quoted at about 5200-5550RMB/ton in Guangdong and Guangxi province in the past two days. With high procurement price of raw material in October, most producer suffered heavy loss when dilivery in the current price. The newest quotation of gum rosin is as follow.
Guangxi province, 7400-7500RMB/ton (ww grade, steam method, Pinus massoniana, packing with galvanized iron drum)
Guangdong province, 7400-7500RMB/ton (ww grade, steam method, Pinus massoniana, packing with galvanized iron drum)
Huangpu port, about 7450-7500RMB/ton (ww grade, steam method, Pinus massoniana, packing with galvanized iron drum)
For the export market, the quotation of gum rosin is about 885-900USD/ton (ww grade, steam method, Pinus massoniana, packing with galvanized iron drum) in Huangpu port.