Gum rosin price update(Posted on Jun.14)
Gum rosin market was flat in the past two days, most gum rosin factories in main producing province begin to produce the first drum new gum rosin in crop season of 2007 but the output is still small at the moment, the procurement price of raw material keeps at the level of 4700RMB/ton. the newest gum rosin price is as follow.
Guangxi province: 6300-6400RMB/ton (ww grade, steam method, Pinus massoniana, packing with galvanized iron drum)
Jiangxi province: 6200RMB/ton (ww grade, steam method, Pinus elloittii, packing with galvanized iron drum)
Huangpu port: 6400RMB/ton (ww grade, steam method, Pinus massoniana, packing with galvanized iron drum)
For the export market, exporters begin to lift up the quotation due to the potential of duty drawback adjustment, gum rosin is quoted at about FOB 770USD/Mt (ww grade, steam method, Pinus massoniana, packing with galvanized iron drum) in Huangpu port. Overseas buyer's acceptance price is about FOB 730-740USD/Mt.