Weekly market report(Nov.11)
This weekly market report posted on November 11, for the newest weekly market report, please contact globalrosin@hotmail.com to apply for subscription member.
Gum rosin and gum turpentien oil market was still in depression in last week; certainly,the procurement price of raw material, pine oleoresin, also slid down, quoted at about 5300-5650RMB/ton in main producing province. The quotation of gum rosin,also moved down to about 7500RMB/ton (ww grade, steam method, Pinus massoniana) in Huangpu port, gum turpentine oil slipped to 7450RMB/ton (super grade, Pinus massoniana), but trading was limited. There are different view on the current market because the relation between output and demand in crop season 2006 is still not so clear. Regional symposium was held by gum rosin and turpentine oil producers in main producing porvince such as Guangxi, Guangdong, Jiangxi and Yunan province, to discuss the current market and call on easing mental panic on the future market.
For the export market, the quotation of gum rosin was about 920USD/ton (ww grade, steam method, Pinus massoniana) in Huangpu port.