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Weekly market review (May.12, for sample)

After labor holiday, gum rosin market kept in stable, trading was slack. New crop season started in main producing province, some gum rosin factories began to procure pine oleoresin.  The supply of pine oleoresin was less than the same period of last year; the procurement price is 4400-4500RMB/ton in Guangxi province, the supply of new gum rosin was delay compare with the last crop season. The stock of gum rosin in inland port of Ninning is about 5000 tons, most stock of gum rosin in Guangxi province has gradually transported to Huangpu port. Gum rosin was traded at about 6500RMB/ton in Huangpu port.

In Yunnan province, small volume pine oleoresin is supplied to the market; the procurement price is 4300-4400RMB/ton, higher than that of Guangxi, most factories in the province stop procuring. In other province, gum rosin traded at 6200-6300RMB/ton (ww grade, steam method, Pinus elloittii, packing with galvanized iron drum), 6400RMB/ton (ww grade, steam method, Pinus massoniana, packing with galvanized iron drum) in Fujian province. Turpentine oil market kept firm, traded at 6500-6600RMB/ton (super grade, Pinus massoniana) in Guangxi province.

The export market also kept in stable; gum rosin was quoted at about 760-785USD/ton (ww grade, steam method, Pinus massoniana, packing with galvanized iron drum) in Huangpu port.

Weekly price trend of gum rosin and turpentine oil

*. Gum rosin, trading price in Huangpu port, ww grade, steam method, Pinus massoniana, packing with galvanized iron drum.
*. Turpentine oil, trading price in Guxing province, super grade, Pinus massoniana, factory gat price in Guangxi province.

Weekly price chart of gum rosin  (Jan.06, 2007-Sep.01 2007)

Gum rosin, Turpentine oil weekly price table (Jan.06, 2007-Sep.22, 2007)