The export volume of gum rosin increased greatly in June due to the announcement of duty drawback rate adjustment on June 20th; the demand of gum rosin from overseas weaken in the first week of July; gum rosin price moved down to 6000-6200RMB/Mt (ww grade, steam method, Pinus massoniana, packing with galvanized iron drum) in Huangpu port. The procurement price of pine oleoresin also slowly slipped to 4500-4600RMB/Mt in Guangxi province in the past week, the supply of pine oleoresin was small than usual due to heavy rain weather condition in the area. In domestic market, trading was also slack. However, turpentine oil market was relative firm, traded at 6300-6500RMB/Mt (super grade, Pinus massoniana, EXW, not including packing cost) in Guangxi province, 6500-6600RMB/Mt (super grade, Pinus massoniana, not including packing cost) in Guangdong province; turpentine oil (super grade, Pinus elloittii, not including packing cost) traded at 7800-8000RMB/Mt in Guangdong province.
The export market is quiet, exporters quote gum rosin at about FOB 840USD/Mt (ww grade, steam method, Pinus massoniana, packing with galvanized iron drum) in Huangpu port.