Jul 1st, 2019

Prices in China continue to soften for Gum Turpentine. Lack of demand from U.S. (trade war) and need to move stock has fueled this. However downstream manufacturers in China have high priced inventory and are keeping prices firm for certain derivatives. We expect to see more offers from India.

Written By
Berje Inc
Berje Inc


Feb 28th, 2020

Increase of 10-20% has been seen out of China due to less availability of material due to coronavirus.

Aug 1st, 2019

With weak demand, Gum Turpentine prices continue to soften. Reports indicate that many factories are holding high priced stock and are not willing to sell at a loss unless they need capital. Some down-stream processors are in a similar position with inventory, but have been forced to meet market prices for their product. At present, rains have kept larger quantities of new crop from entering the market place so prices have been stable. Expect this to change soon.

Jun 1st, 2019

The Chinese Turpentine market saw a small drop in prices between 150 – 250 RMB per ton, just before the Turpentine conference in Tianjin (week of 5/20/19). Cited for this continued drop is weak demand. Those big Gum Rosin plants that can withhold offers do to their financial stability are not tendering any offers. Reports keep indicating that down-stream processors are waiting for prices to continue to soften if they are not needing to order to cover existing business. Certain derivatives such as Dihydro Myrcenol has seen prices drop while others, such as Terpineols have remained firm.

May 1st, 2019

The market price for Gum Turpentine continues to increase weekly. With rainy season in southern China, and time to work on Food Crops, tapping of trees is still delayed. Derivative prices still firm, however, worldwide over production of Dihydro Myrcenol has seen prices soften.

Apr 1st, 2019

Reports from China have advised that during early March half of the southern growing regions suffered from continuous rain. Preparation to tap trees were delayed. With demand Gum Rosin still off, production of Gum Turpentine is still limited. Market price are expected to stay high. Reports indicate that for many derivatives, especially for Terpineol and Terpinyl Acetate, factories are struggling to keep up with orders. Contrary to other derivatives, prices for Dihydro Myrcenol have softened. Over production.

Mar 1st, 2019

Demand for Gum Rosin continues to be off consequently prices for Gum Turpentine continue their upward climb also. Prices are back to their December 2018 level and reports suggest prices will go higher.

Feb 1st, 2019

Our report of 1/19 advised that in the growing regions of Guangdong, Jiangxi and Fujian, there was a slight decrease in Gum Turpentine pricing. Cited for the reason why was several Gum Resin plants needed cash. Prices for derivatives are still firming.

Jan 1st, 2019

Early in the month of December, prices for Gum Turpentine dropped as several processors sold at low prices in order to generate cash for end of year loan payments. One week later 40% of this reduction disappeared as prices started to rise again. Prices are firm.

Dec 1st, 2018

With Petroleum prices dropping to below 60/barrel, Resin producers will continue to use the petroleum derived feedstock as an alternative to higher priced Gum Rosin. Prices for Gum Turpentine continue to rise weekly, now over $5/kilo Ex Works. Prices for derivatives firming.

Oct 1st, 2018

Weekly reports continue to bemoan the lack of demand for Gum Rosin, resulting in less Gum Turpentine available. Prices firming.

Sep 1st, 2018

With high temperatures and heavy rains in Jiangxi Province and rains in Yunnan, Guangxi and Guangdong, productions of Crude Gum was down. Prices for Turpentine have continued to stay firm. Both Alpha and Beta Pinene, Chinese Borneol, Camphor Synthetic have all seen prices increase.

Aug 1st, 2018

Weekly reports continue to advise that Gum Turpentine prices are firm. Derivative prices are still high, and several have climbed higher, with offers indicating shipment in Aug/Sept at the earliest. Expect prices to stay firm for the foreseeable future.

Jul 1st, 2018

Reports from the Chinese Turpentine Conference this month have not been positive. China has been importing resin due to favorable prices, dampening farmer’s willingness to tap trees. With resin users still finding petroleum based products more attractively priced demand continues to be off. Turpentine prices continue their weekly advances. Derivatives are all higher priced and now that summer heat is in play, many factories in the growing regions slacken production. Expect prices to be firm for several more months. 

Jun 1st, 2018

With Privi out for some time, more pressure will be put on Chinese suppliers for derivatives. Weekly, for several months, prices of Gum Turpentine continued to rise. Derivative prices have escalated with Ionones, Dihydro Myrcenol and all Terpineols several times pricing of just 8-10 months ago.

May 1st, 2018

Prices for Gum Turpentine continue the upward trend. Downstream producers only ordering Gum Turpentine to fulfill contractual and firm orders so free stocks are limited.

Apr 1st, 2018

With the Indian factory down and little Gum Turpentine being produced, prices continue to escalate. Dihydro Myrcenol, Iso E Super, Iso Bornyl Acetate, Camphor USP, Alpha & Beta Pinene, Galaxolide, Terpineols, Terpinyl Acetate are all affected.

Mar 1st, 2018

With China celebrating their Lunar New Year, markets there were quiet. Gum Rosin plants are reportedly holding prices firm, believing this to be a bullish market. With the situation in India prices are expected to continue to climb.

Feb 1st, 2018

The recent reports we have received continue to advise that prices for gum turpentine are firm.  IBA prices are firm and odor quality issues are beginning to surface.  For Camphor Gum a major producer is limiting production of both USP and DAB, prices are increasing weekly.  For Dihydromyrcenol several factories in China and India claim to be overbooked.  No relief is expected until April/May but material is offered at very high prices.   Terpineol demand has outstripped supply and prices have climbed.

Jan 4th, 2018

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.

Nov 1st, 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.

Oct 1st, 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.

Aug 1st, 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.

Jul 5th, 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.

Jun 2nd, 2017

Prices for Gum Turpentine continue to firm. We have seen offers for Camphor Gum, Iso Bornyl Acetate, Dihydro Myrcenol, Terpineols, Alpha Terpinene, and Gamma Terpinene all escalate.

May 1st, 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.

Apr 1st, 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.

Mar 1st, 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.

Feb 1st, 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.   

Jan 3rd, 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.

Dec 1st, 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.

Nov 1st, 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.

Oct 4th, 2016

Reports from China indicate that inventories of Gum Turpentine are low.  Prices have subsequently firmed.  

Sep 6th, 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.

Aug 3rd, 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.

Jul 1st, 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.

Jun 1st, 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.

May 1st, 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.

Apr 1st, 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.

Mar 28th, 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.

Feb 1st, 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.  

Jan 30th, 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.

Dec 30th, 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.

Nov 1st, 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.