Shanghai, (China): In the first half of September, Asia Gum Rosin prices have experienced stability to modest increase after two months of declines. A confluence of shifting demand patterns, potential supply constraints, and strong upstream costs driven by production issues in the region has shaped the outlook for the months ahead, with players finding larger hike attempts for the forthcoming months. However, Gum Rosin sentiments in South America have been mostly downbeat since the beginning of this month, weighed down by low production cost and comfortable availability. Even though healthy demand for Gum Rosin has remained supportive, a stable-to-lower trend has continuously governed over the markets.
After experiencing a bearish rally in the past month, Gum Rosin prices have strengthened in the Chinese market due to low inventory pressure. The support from feedstock Pinewood prices was adequate for Gum Rosin, which saw its prices remain on...
