Chinese market just finished a long holiday for Chinese lunar year festival. Most manufacturers will be come back to the market after the mid February- the Lantern festival (Feb 15).
Now the price for Massoniana , Yunnanesis and Eliottii has slightly increased due to the end crop for Massoniana and Eliottii rosin.Some manufacturers and traders are expecting price increasing in Q1.
The stocks for massoniana and Eliottii are regular, while the stock for Yunnanesis is not big for each manufacturers at present. The crop season for Yunnanesis is from October to May. And the manufacturers prefer to sell the most of the monthly production to get back money as soon as possible during the crop season now.
The transportation for Chinese domestic area will come back to normal in end February. The truck delivery and shipment delivery is slowly restart from mid February. And the shipping space for EU is getting better and better now. The freight rate is around USD7500 -8000 each FCL from Huangpu/Nansha to Rotterdam. But the transshipment time to European main port is getting longer, which is around 50-60 days.
Due to the serious epidemic situation, the production was not running good. The available product are limited. Q1 volume were sold out.
It is the raining season now. The dry season will begin in June. Now the price keeps increasing every month. Its Merkusii gum rosin is too high for Chinese market. Indonesian gum rosin are sold to Indian market mainly at present.
South American Market
Brazil and Argentina have drought weather. And it result in less production and high cost. What is more, the shipment is hard to book from Brazil and Argentina now. The freight rate keeps increasing at the moment.