Prices are stable as we await new crop from Florida.
New crude oil output is very slightly improved, however, oil distillers and brokers are speculating in the market. The price of crude oil is increasing every day and even with the higher prices, difficult to secure.
Prices are firming as petroleum prices have increased.
Prices continue to firm here as availability is extremely limited.
Limited amounts of product are available as a major producer is still not producing at normal levels.
With BASF’s Citral not available, end-users have been forced to use Natural in order to meet commitments. This has forced prices to levels not seen since 2011, climbing weekly.
Several downstream producers have advised that they are unable to source Turpentine with the correct Alpha/Beta Pinene ratio. This has forced changes to production, which has caused prices to escalate on derivatives:
- Iso Bornyl Acetate, Camphor Synthetic, Borneol, Iso Borneol, Dihydro Myrcenol, both Pinenes, Terpineols, Terpinyl Acetates, Synthetic Geraniols, Synthetic Citronellols, etc.
It will be some time before there is any relief.
Mixed reports here. While one major producer advised that prices will continue to rise there has been a short term softening of prices. Reports indicate drop is reflective of profit taking before Christmas holidays.
They also state that with Synthetic Menthol short, and the other two large manufacturers sold out, there will be more pressure on Natural, so prices have not yet peaked.
Prices are up and not much quantity is available until the new crop is ready at the end of January / early February.
With the shortage of Synthetic Citral, the internal demand in India for vitamins has caused manufacturers to switch to Lemongrass for Citral. This has caused prices to escalate and has limited availability.
It is now the wrong season in Guatemala and availability there has been limited for years as prices are too high compared to Indian.
Same situation as with Litsea and Lemongrass, being used as a source of Geraniol.