Weekly market report (Aug.11)
Gum rosin market still keeps in stable in the past week; trading volume is also in normal. The procurement price of pine oleoresin (crude gum) in about 6700-6800RMB/ton in Guangxi and Guangdong province, the supply of pine oleoresin slightly slip against previous week due to the negative impact of typhoon. Turpentine oil market has a slightly downward trend in main producing province due to the increase of output, generally slip 100RMB/ton. the newest pricing of gum rosin and gum turpentine oil in the weekend is as follow:
Gum rosin
Huangpu port (Guangdong province): 8600RMB/ton (ww grade, steam method, Pinus Massoniana, in galvanized iron drum)
Nanning (Guangxi province): 8400-8500RMB/ton (ww grade, steam method, Pinus Massoniana, in galvanized iron drum)
Kunming (Yunan province): 8100-8300RMB/ton (ww grade, steam method, Pinus Massoniana, in galvanize iron drum)
Turpentine oil:
Nanning (Guangxi province): 8450RMB/ton (super grade, Pinus Massoniana)
Guagndong province: 8400RMB/tons (super grade, Pinus Massoniana)
Jiangxi provine: 8800RMB/ton (super grade, Pinus Elloittii)
For export market, the quotation of gum rosin in the weekend is about 980-1010USD/ton (ww grade, steam method, Pinus Massoniana, in galvanized iron drum), turpentine oil is about 1065USD/ton (super grade, Pinus Massoniana, packing with galvanized iron drum).