Prices have softened slightly as there are roots in the market. It would also appear that several more processors have finished their conversion to natural gas from coal and are in need of cash, so selling oil at/or near cost.
With reports of factories switching to other products due to environmental issues and the suspension of production due to Communist Party meetings mentioned above, pricing has escalated.
Ethyl Butyrate, Dimethyl Benzyl Carbinol, Butyric & 2-Ethyl Butyric Acid, 2-Methyl Butyric Acid, Iso Amyl Butyrate, Ethyl Iso Butyrate, Ethyl-2-Methyl Butyrate to name a few, have seen prices increase.
The major factory that produces Natural Methanol has been closed by the Chinese government. This has caused production of U.S. Natural Maple Lactone to cease. European Natural Maple Lactone is also limited and is more than double the price of U.S. Natural.
We have been advised that the major producer of this material has been forced to close due to pollution, therefore Natural Ethyl Butyrate as well as Natural Butyric Acid prices have risen and availability is limited. There is hope that pollution controls will be in place sometime in November and production can resume then.
Major producer in China has had factory closed for a variety of reasons, including pollution. Prices have escalated. Very limited and restricted production is reported to be starting soon in December / January, but it will take time to fill pipelines as inventories are minimal.
After several attempts to locate “traditional” quality we fear it is no longer produced in China. The “new” quality cannot be substituted in place of what was considered “standard”.
Prices continue to rise as supply cannot cover demand. One major supplier has no stock to offer at present. Reports still indicate no relief until May – July 2018.
Offers from unexpected sources have appeared with lower prices than those offered by traditional sources. These prices make quality questionable so precaution is needed.
Pricing still firm as inventories dwindle. Difficulty in finding offers greater than 20 drums.
We have been advised that Resin/Adhesive producers have switched to cheaper petrochemicals from Gum Rosin. With less demand for Rosin, less Gum Turpentine has been produced, leading to ever increasing prices. This has caused serious problems in the market place.
- Iso Bornyl Acetate – with factory closings in China and lack of feed stocks, prices have soared. An Indian producer has advised that he cannot fulfill open orders, and is offering one FCL in an auction.
- Dihydro Myrcenol – closures in China, unfulfilled demand incredibly short worldwide.
- Camphor Gum USP – one of the largest producers in China has ceased production. Feedstock issues.
- Terpineols, Terpinyl Acetates – prices up.
With the major producer still shut down these two are short. There are no offers on Maltol coming from China, and Ethyl Maltol continues to be limited with prices climbing weekly.
Prices at source have gradually come down. After a good crop quantities are available at source.
Reports continue to advise of a major shortage of Eucalyptus Oil. Besides the two months of continuous rain in the growing regions, a major tax reform policy has hampered payment to the farmers. This has resulted in higher prices. No relief is immediately expected as demand stays firm but we continue to monitor the situation.
No changes here. Pollution control has stymied production, speculation and demand for fresh has caused prices for bulbs to go from 1.6 RMBY/kg to 4.4 RMBY/kg. Prices are firm and quality issues abound.
The crop is off due to the rains and reports continue to state that whatever was harvested was low in Citral. Prices keep rising as demand appears to outstrip supply. We have been advised that prices will continue to firm and that there will be shortages until the new crop in August 2018.
Reports continue to advise that the upcoming autumn crop will be less than that of 2016. They also advise that due to the BRICS meeting in Xiamen, a major processor was forced to suspend production during September. Pricing seems to have stabilized for the present but any unexpected demand could cause this to change.
In 2016 prices dropped dramatically discouraging collection of raw material. May – July saw heavy rains in the growing regions, another impediment to collection. Prices have firmed and it has been reported that prices are expected to climb higher.
Reports still confirm production is limited due to the strict environmental regulations being enforced, especially on many of the smaller producers. Prices have firmed.
The latest report we have (September 23rd) advises that prices for Gum Turpentine in all three growing regions increased from the prior week. It also states stocks of Gum Turpentine are low and processors are holding off waiting for higher prices.
The major producer in China was forced to stop production due to tightening regulations. While now currently producing on a limited basis, available quantities are staying in the East, leaving the West short. This has caused stress on the western producers who run on campaigns and find it extremely difficult to alter production plans. Prices should be firm for some time.
Continued lack of supply, along with strong demand, has kept prices firming on a weekly basis. Bad weather in the growing regions will have an impact on what will be harvested for the traditional end of year supply.
Production still limited due to environmental constraints. Spice market indicates that crop was good, but exceptionally strong demand has caused prices per kilo for bulbs to increase, rather than soften. Prices continue to firm and correct quality is still difficult to locate.
Rain in the growing regions has slowed harvesting but more importantly has had an impact on the quality of oil being produced. Citral content is reported at 60-62%, below the normal levels of 67-68%. This has forced producers to process more mass in order to meet specs. This in turn has resulted in prices increasing instead of softening. While still early in processing, reports indicate situation will not change.
With too much rain in Southern China, there are potential reports that much of the fall crop has rotted. With limited raw material available and higher labor costs, prices have increased. We would expect this to last until the spring crop.
Production at one of the three producing factories in China is in the process of being expanded. This expansion is supposed to be completed by late Autumn. While there are quantities available, prices are still high, and probably won’t soften until this producer is ready with his expanded capacity. Circumstances and actual demand will determine what will happen to prices.
When the government forced processors to switch to gas fired burners from coal, production reportedly switched to a different province. This caused prices to soften, albeit for a very short time. It did not take long before the government forced the change to take effect in that province also. With lack of dried roots available prices are firm.
Current reports confirm that this year’s total production is less than that of last year. They also advise that carryover is limited. With speculators being active in the market prices continue to firm.
Similar to Arvensis, no good news here. Production down from last years; less acreage and heavy rains in the North. Prices have jumped and are expected to stay firm until next year’s crop.
With increasing costs and heavy rains in Southern China prices are firm. With strong worldwide demand for Turpentine we do not see prices easing until mid to late autumn.
We have reports that state demand for both has increased. With limited availability prices continue to be firm. We have also received a report that advised that rains in certain growing regions in Yunnan are currently hampering collection, adding more pressure on prices. Sentiment is that pricing will not ease this summer.
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