Since the last quarter of 2009, gum rosin price had kept going up, thus pine oleoresin, which usually priced at 80% of gum rosin, now has its delivery price at around 12000RMB/Mt. Recently, forestry farmers, traders and chemistry plant principals are excited to its price, and predicted that it’ll keep increasing.
According to trader, Mr. Lee, most pine trees in Guangdong province now have grown for more than 20 or even 30 years, with pine oleoresin producing ability far behind other young trees, or even have no oleoresin.
A boss from chemistry plant said, with high quotation and weak stock of gum rosin, some opportunists paid attention to park pine trees, that’s why now stealing events happened in parks.
There also are some lucky fellows who have planted pine trees years before, as Mr. Lee said, he thinks pine oleoresin keeps increasing trend, but it is very normal that gum rosin has its price up and down.