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The market donwward continued~
Contact person:Kitty Liang
Monthly market report (June , 2019)
2019-07-04 Hits ：571 Songtao Business
Time has come into June, both gum rosin and turpentine oil market continued to show some further falling and the market demand had become even weaker, the market trading volume was really small and it is rare to see such situation at the period of new production season just started. In order to lower the production cost and reduce the possible future market risk, factories tried to press down the crude gum prices as much as possible, and it seems that the crude gum prices still in a falling trend. No matter crude gum, gum rosin or turpentine oil, all the prices were in a falling trend, people were quite lack of confidence for the future market, it seems that the market had entered the darkest period.
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