Ester Gum prices in India remained firm during July, supported by tight upstream supply, healthy downstream demand, and elevated replacement costs. Firm gum rosin prices from China and Indonesia, slower domestic production due to monsoon humidity, limited rosin availability from Asian suppliers, and slower port offloading with inland trucking disruptions around Mumbai/JNPT restricted prompt supplies, keeping Ester Gum offers elevated. Demand from flexible packaging, packaging & labeling, and confectionery sectors remained healthy, while paints and coatings demand stayed relatively weak because of seasonal rainfall. June pricing trends continued to influence the July market, with Ester Gum Ex Mumbai recorded at USD 2,326.87/MT, up 6.5% month-on-month, while the domestic spot assessment reached INR 220,000/MT, according to ChemAnalyst data. Rising gum rosin and glycerol costs, along with higher freight expenses, further strengthened replacement values. Looking ahead, Ester Gum prices are expected to remain firm through July, supported by constrained prompt availability, steady festive-sector demand, elevated feedstock costs, and ongoing logistics disruptions, although improved post-monsoon supply conditions may gradually ease market tightness later in the year.
Ester Gum prices in India remained firm through July, extending the strength witnessed in the previous month as tight upstream supplies and healthy downstream demand continued to support the market. The Ester Gum market maintained a bullish tone as gum rosin quotations from key Asian origins, China and Indonesia, remained firm, raising replacement costs for domestic blenders. At the same time, slower domestic production due to monsoon humidity, tight availability of rosin from Asian suppliers, and slower port offloading and inland trucking disruptions around Mumbai/JNPT restricted prompt availability, lifting spot offers across key trading hubs. Robust procurement from confectionery and flexible-packaging buyers continued to absorb incoming cargoes, limiting inventory accumulation despite regular arrivals. Overall, the Ester Gum market stayed supported throughout July as suppliers successfully passed on higher input and landed costs, even as outdoor painting demand remained seasonally subdued during the monsoon.
Demand...
Leave a Comment
Comments (0)