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Elliottii gum rosin price was showed some fluctuation!
Contact person:Kitty Liang
Tel:+86-0771-2610277
+86 13481140850
Fax:+86-0771-2449722
E-mail: st-rosin@hotmail.com
Weekly Report
Monthly market report (Aug. , 2020)
2020-09-17 Hits :1141 Songtao business
Generally speaking, August is the peak production season of China gum rosin industry, while under the great impact of the convid-2019, the global economy was affected obviously, demand shrinking was unavoidable, together with the gloomy condition of gum rosin industry itself, the market continued the weak trend of last month at the beginning of the month and market trading was inactive. While, as the holding of the 2020 China gum rosin conference, the release of the information about the fairly large production reduction in the year was affected people’s mentality greatly. Crude gum quantity which come out to the market kept in the low side, production season was further delayed, crude gum prices started to appear some increase from the middle of the month, together with the situation of the short time shortage, both gum rosin and turpentine oil prices started to appear some increase in some of the regions accordingly.
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