Pinus massoniana Gum rosin (steam method,WW grade) Reference prices:
Guangxi Province(Ex Factoty): 5500-5600 yuan / ton
Huangpu port: around 5700-5750 yuan/ ton;
Fujian Province: around 5750yuan/ton;
Pinus Yunnanensis Gum rosin WW Grade price:
Kunming city: about 5150-5250 yuan/ton;
Pinus elliottii Gum rosin ex-factory price :
Guangxi: around 5350 yuan/ton
Jiangxi:around 5450 yuan/ton.
Saturday, November 29, 2008
China Turpentine market Weekly Review (Nov.24-28,2008)
China Turpentine market Weekly Review (Nov.24-28,2008)
Copyright of rosinworld@hotmail.com
This week China Turpentine market gets some change as the government published notice for part of the deep-processing products of Turpentine are to be increased at export tax rebate rate from Dec.1, 2008. The market demand has increased a little, but the price has not presented too much change. As part of the less important producing areas such as Hubei, Hunan, Henan and Anhui provinces had just finished the rosin producing season, some turpentine poured into the market at low prices, the market appears to offer a state of confusion, mixed high and low prices. At present, in the main producing areas Guangxi Province, Pinus massoniana Gum turpentine oil (super grade) remained at about 13000 yuan / ton, and Pinus elliottii turpentine at 14,000 yuan / ton, the purchase and sale situation is normal. Kunming, Yunnan pine turpentine in the delivery price of 12800-13000 yuan / ton, sales are still good.
As reported by the customs, in the past 10 months, turpentine and related processing products export data shows: turpentine exports totaled 3113 tons, a decrease of 74% than last year's 11,982 tons. Pine oil exports 4999 tons over the same period, while last year data was 6625, it means a 25% reduction in quantity. terpineol exports 5328 tons, 19% less than the same period last year, 6562 tons. Camphor exports 7019 tons, 24% less than the same period last year, 9188 tons. The Export reduces in Processing-related products shows that, on one hand, domestic production reducing rate of turpentine is obvious, but on the other hand, foreign demand is declining and turpentine processing decrease was primarily due to exports.
On the market trend of Turpentine, people in this industry still have different views, a view says that the current main producing areas are in the end of rosin production, and there will be little quantity turpentine to come,. In general, in the market, turpentine is still in the state of “demand more than supply”, it is unlikely to see that the price will surfer a great falling down, the turpentine prices are possible be rebound. Another points of view thinks that the current prices are still high when regarding of this time of the financial crisis, turpentine downstream processing products may begin to fall in the near future, the latter part of a new set of orders at high prices is unlikely, so in the future turpentine may go down and the overall price trend is difficult to change.
However according to the current understanding of the situation, domestic market demand for turpentine is still relatively strong, in particular, to raise the export tax rebate will also benefit the deep-processed products exports. In the short term turpentine market prices will remain relatively stable.
Copyright of rosinworld@hotmail.com
This week China Turpentine market gets some change as the government published notice for part of the deep-processing products of Turpentine are to be increased at export tax rebate rate from Dec.1, 2008. The market demand has increased a little, but the price has not presented too much change. As part of the less important producing areas such as Hubei, Hunan, Henan and Anhui provinces had just finished the rosin producing season, some turpentine poured into the market at low prices, the market appears to offer a state of confusion, mixed high and low prices. At present, in the main producing areas Guangxi Province, Pinus massoniana Gum turpentine oil (super grade) remained at about 13000 yuan / ton, and Pinus elliottii turpentine at 14,000 yuan / ton, the purchase and sale situation is normal. Kunming, Yunnan pine turpentine in the delivery price of 12800-13000 yuan / ton, sales are still good.
As reported by the customs, in the past 10 months, turpentine and related processing products export data shows: turpentine exports totaled 3113 tons, a decrease of 74% than last year's 11,982 tons. Pine oil exports 4999 tons over the same period, while last year data was 6625, it means a 25% reduction in quantity. terpineol exports 5328 tons, 19% less than the same period last year, 6562 tons. Camphor exports 7019 tons, 24% less than the same period last year, 9188 tons. The Export reduces in Processing-related products shows that, on one hand, domestic production reducing rate of turpentine is obvious, but on the other hand, foreign demand is declining and turpentine processing decrease was primarily due to exports.
On the market trend of Turpentine, people in this industry still have different views, a view says that the current main producing areas are in the end of rosin production, and there will be little quantity turpentine to come,. In general, in the market, turpentine is still in the state of “demand more than supply”, it is unlikely to see that the price will surfer a great falling down, the turpentine prices are possible be rebound. Another points of view thinks that the current prices are still high when regarding of this time of the financial crisis, turpentine downstream processing products may begin to fall in the near future, the latter part of a new set of orders at high prices is unlikely, so in the future turpentine may go down and the overall price trend is difficult to change.
However according to the current understanding of the situation, domestic market demand for turpentine is still relatively strong, in particular, to raise the export tax rebate will also benefit the deep-processed products exports. In the short term turpentine market prices will remain relatively stable.
Friday, November 28, 2008
Weekly Review of China Rosin Market(Nov.24-28,2008)
Weekly Review of China Rosin Market(Nov.24-28,2008)
Copyright of Rosinworld@hotmail.com
This week is the first week after the annual Rosin meeting in Wuhan city, the atmosphere of China rosin market has been basically stable and market prices remained relatively stable, but the closing price still fall slightly that of last week. At present, Pinus massoniana Gum rosin (steam method,WW grade) price in Guangxi Province isaround 5650 yuan / ton, and Pinus Yunnanensis Gum rosin WW Grade price for delivery at Huangpu Port,Guangzhou is about 5350 yuan / ton. Jiangxi Pinus elliottii Gum rosin ex-factory price is around 5450 yuan / ton, Guangxi Pinus elliottii Gum rosin ex-factory price is 5300 yuan / ton, ex-factory price of Fujian Pinus massoniana Gum rosin is around 5700-5750 yuan / ton and less marketable. At the meantime, Yunnan Gum rosin price sells better as due to its competitiveness in price.
Althogh the rosin market is still in the doldrums, the main producing areas still has seen aa s stable market for Pine oleoresinresin prices. In Yunnan Province, there has been even some increase in the Pine oleoresinresin prices. have remained relatively stable areas in Yunnan pine resin was also a slight price increase.
On the one hand, it is because of the the cold weather, the main producing areas do not have too much more pine oleoresinresin to produce, On the other hand, the purchasing price for Pine oleoresinresin remains low,which is also frustrated the enthusiasm of farmers who then do not want to sell resin. In main producing areas.
Anyway, at this week, purchase for Gum rosin from home and abroad has increased a little. For the foreign trade companies, the new orders are under negotiation and some said there was offering prices as lower as USD850/Ton came from foreign buyers. So it is a challenge for the exporters as to accept the price or not are both a hard job.
In general, the China rosin market is now on the phase of recovery and people on this line are more confidential than early this month. The focus is the market in December. At the moment, the market is becoming better than the worst phase, as the sells go slightly better, the industry is now expecting a better marker situation.
Copyright of Rosinworld@hotmail.com
This week is the first week after the annual Rosin meeting in Wuhan city, the atmosphere of China rosin market has been basically stable and market prices remained relatively stable, but the closing price still fall slightly that of last week. At present, Pinus massoniana Gum rosin (steam method,WW grade) price in Guangxi Province isaround 5650 yuan / ton, and Pinus Yunnanensis Gum rosin WW Grade price for delivery at Huangpu Port,Guangzhou is about 5350 yuan / ton. Jiangxi Pinus elliottii Gum rosin ex-factory price is around 5450 yuan / ton, Guangxi Pinus elliottii Gum rosin ex-factory price is 5300 yuan / ton, ex-factory price of Fujian Pinus massoniana Gum rosin is around 5700-5750 yuan / ton and less marketable. At the meantime, Yunnan Gum rosin price sells better as due to its competitiveness in price.
Althogh the rosin market is still in the doldrums, the main producing areas still has seen aa s stable market for Pine oleoresinresin prices. In Yunnan Province, there has been even some increase in the Pine oleoresinresin prices. have remained relatively stable areas in Yunnan pine resin was also a slight price increase.
On the one hand, it is because of the the cold weather, the main producing areas do not have too much more pine oleoresinresin to produce, On the other hand, the purchasing price for Pine oleoresinresin remains low,which is also frustrated the enthusiasm of farmers who then do not want to sell resin. In main producing areas.
Anyway, at this week, purchase for Gum rosin from home and abroad has increased a little. For the foreign trade companies, the new orders are under negotiation and some said there was offering prices as lower as USD850/Ton came from foreign buyers. So it is a challenge for the exporters as to accept the price or not are both a hard job.
In general, the China rosin market is now on the phase of recovery and people on this line are more confidential than early this month. The focus is the market in December. At the moment, the market is becoming better than the worst phase, as the sells go slightly better, the industry is now expecting a better marker situation.
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