turpentinederivatives

TURPENTINE & DERIVATIVES


November 2017

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.



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turpentinederivatives

TURPENTINE & DERIVATIVES


October 2017

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.




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turpentinederivatives

TURPENTINE & DERIVATIVES


August 2017

Our most recent report (July 15th) is advising that Turpentine prices have stayed firm. Rain in the main Pine growing regions has not helped supply. This report also states that demand for derivatives is lackluster, as downstream plants reportedly have no urgent orders they need to cover. These plants expect prices to soften so are in no rush to buy at this time.




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turpentinederivatives

Turpentine & Derivatives


July 2017

Gum Turpentine prices continue to firm in China, with reports indicating many plants have sold out their stock, while those with stock are staying firm on their offers. We have seen this trend continue with Iso Bornyl Acetate, Camphor USP, and Dihydro Myrcenol to name a few derivatives. We have also been informed that one factory has been closed due to pollution.




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turpentinederivatives

Turpentine & Derivatives


May 2017

Reports continue to advise there is enough demand in the market to keep prices for Gum Turpentine firm. Additionally there is a new inquiry for a very large quantity of Iso Bornyl Acetate that has caused prices to rise 20% in one day. Expect this trend to continue.




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turpentinederivatives

Turpentine & Derivatives


April 2017

The last report we received prior to this writing had “Gum Turpentine Rocketing” as a headline.  The reported cause of this increase in demand is that several derivative producers started ordering large amounts in order to fulfill contractual requirements.




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turpentinederivatives

Turpentine & Derivatives


March 2017

With prices of Gum Turpentine continuing to firm, we have reports indicating that downstream producers are only buying what they need to fulfill firm orders.  Producers of Gum Rosin and Gum Turpentine are keeping their offers firm due to the shortfall in crude gum produced.




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turpentinederivatives

Turpentine & Derivatives


February 2017

Firming trends for Gum Rosin and Gum Turpentine continue.  New harvesting has ceased due to cold weather.  Derivative prices like Iso Bornyl Acetate, Dihydro Myrcenol, and Camphor USP among others have all increased.   




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turpentinederivatives

Turpentine & Derivatives


January 2017

The pricing of Gum Rosin in China continues to firm as production in southern China is off.  Chinese Turpentine prices though, have softened.  Reports state that the last of the Pine Oleoresin has arrived in the spot market so small and medium Gum Resin plants have sold Turpentine for cash.  This cash is meant to purchase Oleoresin to produce Rosin.  
The same reports state that the average export price in October was $2430/ton as opposed to $1910/ton in September.  Likewise, the export of Pinenes from China in October increased by 5.66% over September.  Borneol prices rose in October by 7.9% over September but are down by 30% from the same time last year.  Camphor USP prices have also risen and are expected to continue to rise in early 2017.  Iso Bornyl Acetate has also experienced a price increase.




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turpentinederivatives

Turpentine & Derivatives


December 2016

Reports state that Gum Rosin prices continue to trend upwards as availability of crude is limited.  Pricing of Turpentine has softened slightly as several large Gum Rosin plants have sold in order to raise cash to procure more rosin.  We have not yet seen an impact on Derivative pricing.  Levels have stayed stable against pricing in October.




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turpentinederivatives

Turpentine & Derivatives


November 2016

On the week of October 15th two typhoons, Sarika and Haima, both struck China. The resulting heavy rains hampered production in the Pine growing regions.  There are also reports that several Gum Rosin plants were damaged.  These influences have caused Turpentine prices to rise dramatically.  We have seen offers for Dihydro Myrcenol, Iso Bornyl Acetate, and Camphor Powder all jump this week.  It is believed that this trend will continue for the foreseeable future.




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turpentinederivatives

Turpentine & Derivatives


September 2016

Our most recent report from August 22nd continues to advise that Gum Turpentine prices are firm.  In Yunnan Province most processors of Gum Resin have temporarily ceased production as demand is off.  Those producing Gum Turpentine are reportedly sold out and no spot Turpentine is available.  We have seen some pricing on derivatives such as IBA reflect this, and expect to see more price increases.




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turpentinederivatives

Turpentine & Derivatives


August 2016

Our most recent report from July 23rd advises that new demand for Gum Resin has changed the dynamics of the market.  Pricing has stabilized, reversing a trend of softening over the last few weeks.  While processors are hoping to see the downward trend continue, the report states that Gum Resin Manufacturers are keeping their offers firm.  Gum Turpentine prices have remained stable except in Guangdong where they have increased.  Prices for IBA, DHM, and Synthetic Camphor among others have begun to increase.




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turpentinederivatives

Turpentine & Derivatives


July 2016

The latest report from China states that Gum Resin prices softened the week of 6/13.  In contrast, prices for Gum Turpentine rose during that period.  The report states that while a small amount of Gum Resin has entered the market, there is no new Gum Turpentine.  With downstream plants waiting for prices to fall, offers from producers have stayed firm.  Additionally, labor in Yunnan has shifted to the tea harvest, limiting the supply available for tapping.  If and when Gum Resin production returns to normal levels we would expect prices to soften from current levels.




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turpentinederivatives

TURPENTINE & DERIVATIVES


June 2016

Gum Resin prices have been increasing on a weekly basis throughout May. Factories are keeping their offers high since reports continue to state that the supply from the new season is still extremely low.  Prices of some derivatives have firmed while others are stable.  All derivative prices are expected to firm.




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turpentinederivatives

TURPENTINE & DERIVATIVES


May 2016

Reports state that Guangxi, Guangdong, and Jiangxi provinces have received heavy rains this month.  Current pricing for Gum Resin and Turpentine has contributed to unappealing wages for the tappers.  Both of these factors could potentially delay and reduce the new crop.  Prices are expected to firm.




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turpentinederivatives

TURPENTINE & DERIVATIVES


April 2016

The market report for the week of 3/12 to 3/19 has conflicting information.  The Gum Resin market fell slightly as some factories that need cash are settling for low pricing in the short term.  This contrasts with reports of rains in Guangxi and Guangdong that have slowed the preparation of the Pine trees for tapping, possibly until May.  In light of this limit to production, we would expect prices to begin to firm.




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turpentinederivatives

TURPENTINE & DERIVATIVES


March 2016

Reports indicate that many Gum Resin factories have not yet resumed production following their break for the Lunar New Year.  Prices are firm amid limited inquiries for Turpentine and a lack of feedstock.  New tree-tapping contract for 2016 are being negotiated now.




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turpentinederivatives

TURPENTINE & DERIVATIVES


February 2016

Reports indicate that many small and medium Gum Resin plants have stopped production in light of the end of tapping season and the upcoming Chinese Lunar New Year.  This has lead to a small rise in pricing with the expectation of a larger increase after the holiday is over.  Gum Turpentine market is calm amid reports of price increases of $0.008/kilo.  Although down-stream producers are counter bidding, reports indicate that Gum producers are staying firm on pricing.  We would expect a slight rise in derivative pricing to occur soon.  




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turpentinederivatives

TURPENTINE & DERIVATIVES


January 2016

Tree tapping has ended and our most recent report has advised that pricing for Gum Resin is stable.  It also states that demand is increasing as many new inquiries have been received by Gum Resin processors.  It would appear that many expect prices to increase in February for this important feedstock.  Presently, prices for downstream derivatives remain soft.




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turpentinederivatives

TURPENTINE & DERIVATIVES


December 2015

Reports of off demand and soft prices for Gum Resin from China are in line with a 50-100 RMB drop in market prices we saw the week of November 7th.  Producers are holding off on further reductions in the case that counter offers are not accepted. Tree tapping will reportedly continue until the end of November, which may force derivative producers to accept market pricing.  This, in turn, may increase costs for IBA, Camphor USP, Terpinyl Acetate, and other derivatives.  The Turpentine market requires close attention.




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turpentinederivatives

TURPENTINE & DERIVATIVES


November 2015

A report from October 10-17 indicates an increase in Gum Resin prices due to strong internal demand and decreasing supply.  Derivatives have dropped in price, and if demand stays flat this will likely remain the same.




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