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PRICES OF ROSIN AND TURPENTINE OIL IN CHINA TO PICK UP IN 2002.
AsiaPulse News
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April 30, 2002
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COPYRIGHT 2002 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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BEIJING, April 30 Asia Pulse - The prices of rosin and turpentine oil in China are on the way up this year after several years'of decline.
Statistics show that the prices of rosin and turpentine oil began to fall in the second half of 1997. The price of rosin reached 4,000 yuan (US$483.67)/ton in 2001, down 41 per cent from 1997; and that of turpentine was 5,000 yuan, down 38 per cent.
The experts attributed the fall of the prices to excessive supply.
The soaring output of rosin in 1997 caused overstocking. Many factories had to undersell their ...
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