Weekly market report (Aug.19)
Generally, the market still kept in stable in the past week; the supply of pine oleoresin (crude gum) turned to normal due to good weather conduction in main producing province. In the climax of producing season, most factories were in full operation. Trading in domestic market and export market was active. Procurement price of pine oleoresin was about 6700RMB/ton in Guangxi and Guangdong province, 6100RMB/ton in Yunnan province, 6200RMB/ton in Jiangxi province. The quotation of gum rosin was about 8550RMB/ton (ww grade, steam method, Pinus Massoniana, packet with galvanized iron drum) in Huangpu port, 8400RMB/ton (ww grade, steam method, pinus Massoniana, packet with galvanized iron drum) in Guangxi province. 8500RMB/ton (ww grade, steam method, Pinus Massoniana, packet with galvanized iron drum) in Guangdong province. In Yunan province, the pricing of gum rosin lightly slip 100RMB//ton, quoted at about 8100RMB/ton (ww grade, steam method, Pinus Kesiya, packet with galvanized iron drum) in Kunming. For turpentine oil market, it also kept in stable; quotation is 8450RMB/ton (super grade, Pinus Massoniana) in Guangxi province, 8500RMB/ton (super grade, Pinus Massoniana) in Guangdong province, 8800RMB/ton (super grade, Pinus Elloittii) in Jiangxi province.
For export market, Gum rosin still quoted at 980-1010USD/ton (ww grade, steam method, Pinus Massoniana, packet with galvanized iron drum) in Huangpu port, turpentine oil quoted at bout 1090USD/ton (super grade, Pinus Massoniana, packing with galvanized iron drum) in Huangpu port.