Production and Market of Gum Rosin in China Edition(7)
Gum rosin hot topics in 2014
Electronic plate
In order to promote the steady development of gum rosin industry, gum rosin indexation listed in the Bohai Commodity Exchange (BOCE) on February 23, 2012. It was called electronic plate which brought great change to gum rosin trading mode.
Electronic plate owns an advantage of hedging. That means that consumption enterprises can lock the future production costs nowadays by hedging. Besides, it helps them to ensure their profits while the gum rosin’s price becomes more expensive. Relatively speaking, for the production enterprises, they also can sell their goods in the locked price by this platform.
Electronic plate will affect different aspects of process of production around gum rosin like factories, the deep processing, international trading, dealers and downstream enterprises. The detail of these former three parts is as follows.
Factories: Concerning the electronic plate in high attention, Perhaps the spot price is following the electronic plate to rise up, the factories prefer to hold their goods and they have strong willing to push up the price. Except part of factories sell their gum rosin in high price, others keep their gum rosin for expected price in higher level in the future.
The deep processing: The deep processing enterprises hope to avoid the price risk, but it’s not really reached their outlook. The deep processing enterprises are not going to stock gum rosin, they may stock it when the price is stably low.
International trading: International trading companies are not interesting in electronic market, because international trading is affected badly by price fluctuations.
CCM draw that electronic plate price affects factories’ attitude deeply, owners of factories will unite to push up the price in the way of electronic market. However, the real demand of gum rosin of downstream is weak, so it made the price deviate its demand, the large stock became a dangerous signal.
2014 profile of rosin production contract
Because the high open market price of gum rosin, investors were interesting in contracting planting area.
Guangxi：Gum rosin in China more than half of global output, guangxi region is the first main force. Guangxi contracts planting areas with high enthusiasm this year. A preliminary forecast for the number of the area contract around one point four more than that of last year.
Guangdong: Not as enthusiasm as Guangxi. Because the cost rise swiftly in Guangdong where economy was developed. What’s more, no more workers want to accept the heavy work with low wage and bad surroundings.
Jiangxi: More new planting areas are developing and clear away the old pine trees. Through this, Jiangxi will attract more investors.
CCM draw that expanding the planting areas of pine trees is good for satisfying the demand of gum rosin, which will help to keep the price stably.
Background
Both oleoresin and gum rosin of China play a key role in the world. The price of gum rosin has been fluctuating in recent two years, so the market is still hot topic. Look back to 2013, price of both oleoresin and gum rosin was not complied with their demand and the domestic demand was weak. Besides, the export hit their historic low and the output continued to decline, this situation was fluctuated.
Statement of report
To clearly describe China's gum rosin industry, CCM has collected lots of information in various ways.
In this report, CCM listed China’s gum rosin data in detail:
Forecast of gum rosin in China till 2018
CCM forecast the development of China’s gum rosin by its own ways. A more accurate prediction helps to make a good plan in the future.
Electronic plate
In order to promote the steady development of gum rosin industry, gum rosin indexation listed in the Bohai Commodity Exchange (BOCE) on February 23, 2012. It was called electronic plate which brought great change to gum rosin trading mode.
Electronic plate owns an advantage of hedging. That means that consumption enterprises can lock the future production costs nowadays by hedging. Besides, it helps them to ensure their profits while the gum rosin’s price becomes more expensive. Relatively speaking, for the production enterprises, they also can sell their goods in the locked price by this platform.
Electronic plate will affect different aspects of process of production around gum rosin like factories, the deep processing, international trading, dealers and downstream enterprises. The detail of these former three parts is as follows.
Factories: Concerning the electronic plate in high attention, Perhaps the spot price is following the electronic plate to rise up, the factories prefer to hold their goods and they have strong willing to push up the price. Except part of factories sell their gum rosin in high price, others keep their gum rosin for expected price in higher level in the future.
The deep processing: The deep processing enterprises hope to avoid the price risk, but it’s not really reached their outlook. The deep processing enterprises are not going to stock gum rosin, they may stock it when the price is stably low.
International trading: International trading companies are not interesting in electronic market, because international trading is affected badly by price fluctuations.
CCM draw that electronic plate price affects factories’ attitude deeply, owners of factories will unite to push up the price in the way of electronic market. However, the real demand of gum rosin of downstream is weak, so it made the price deviate its demand, the large stock became a dangerous signal.
2014 profile of rosin production contract
Because the high open market price of gum rosin, investors were interesting in contracting planting area.
Guangxi：Gum rosin in China more than half of global output, guangxi region is the first main force. Guangxi contracts planting areas with high enthusiasm this year. A preliminary forecast for the number of the area contract around one point four more than that of last year.
Guangdong: Not as enthusiasm as Guangxi. Because the cost rise swiftly in Guangdong where economy was developed. What’s more, no more workers want to accept the heavy work with low wage and bad surroundings.
Jiangxi: More new planting areas are developing and clear away the old pine trees. Through this, Jiangxi will attract more investors.
CCM draw that expanding the planting areas of pine trees is good for satisfying the demand of gum rosin, which will help to keep the price stably.
Background
Both oleoresin and gum rosin of China play a key role in the world. The price of gum rosin has been fluctuating in recent two years, so the market is still hot topic. Look back to 2013, price of both oleoresin and gum rosin was not complied with their demand and the domestic demand was weak. Besides, the export hit their historic low and the output continued to decline, this situation was fluctuated.
Statement of report
To clearly describe China's gum rosin industry, CCM has collected lots of information in various ways.
In this report, CCM listed China’s gum rosin data in detail:
- Production of gum rosin in China till 2014
- 40 local representative enterprises
- Price of gum rosin in China in China till 2014
- Import & export situation of gum rosin and its derivatives till 2014
- Consumption of gum rosin in China till 2014
Forecast of gum rosin in China till 2018
CCM forecast the development of China’s gum rosin by its own ways. A more accurate prediction helps to make a good plan in the future.
1 PINE RESOURCES & OLEORESIN SITUATION
1.1 Pine resources in China
1.1.1 Pine resources
1.1.2 Oleoresin storage
1.1.3 Eucalyptus planting
1.2 Government regulations on pine resources
1.3 Ownership of pine resources and its trend in the future
1.4 Collection and purchasing behavior of oleoresin in China
1.5 Price of oleoresin over the years
1.6 Production of oleoresin over the years
1.6.1 Oleoresin output in the past few years
1.6.2 Key factors influencing oleoresin production
2 SUPPLY OF GUM ROSIN
2.1 Position of Chinese gum rosin in the world
2.2 Historical development of gum rosin in China
2.3 Production
2.4 Production distribution
2.5 Producers
2.5.1 Number of producers, dealers and end users
2.5.2 Top 40 area representative producers
2.5.3 Ownership of producers
3 PRICE OF GUM ROSIN
3.1 Factors influencing the price
3.2 Price in the past few years, 2000–2013
3.3 Price in 2014
3.4 Price trend in the next few years
4 IMPORT & EXPORT SITUATION OF GUM ROSIN AND ITS DERIVATIVES
4.1 Import & export situation before 2007
4.2 Import & export analysis in 2007–July 2014
5 CONSUMPTION PATTERN OF GUM ROSIN
5.1 Market size and market share of gum rosin in major end use segments
5.2 Brief introduction to major downstream industries
5.2.1 Adhesive industry
5.2.2 Paint & coating industry
5.2.3 Rubber industry
5.2.4 Food industry
5.2.5 Paper industry
5.2.6 Ink industry
5.2.7 Batik industry
5.2.8 Other industries
5.2.9 List of major end users
5.3 Introduction to gum rosin derivatives
5.3.1 Brief introduction to gum rosin derivatives industry in China
5.3.2 Brief introduction to major derivatives
5.3.2.1 Gum rosin ester
5.3.2.2 Other derivatives
6 INVOLVEMENT AND ACHIEVEMENT OF MULTINATIONAL CORPORATIONS
7 COMPETITIVE LANDSCAPE AND FUTURE FORECAST
7.1 Problems existing in China's gum rosin industry
7.2 Challenges for China's gum rosin industry
7.3 Driving forces for China's gum rosin industry
7.4 Outlook of gum rosin in 2014-2018
1.1 Pine resources in China
1.1.1 Pine resources
1.1.2 Oleoresin storage
1.1.3 Eucalyptus planting
1.2 Government regulations on pine resources
1.3 Ownership of pine resources and its trend in the future
1.4 Collection and purchasing behavior of oleoresin in China
1.5 Price of oleoresin over the years
1.6 Production of oleoresin over the years
1.6.1 Oleoresin output in the past few years
1.6.2 Key factors influencing oleoresin production
2 SUPPLY OF GUM ROSIN
2.1 Position of Chinese gum rosin in the world
2.2 Historical development of gum rosin in China
2.3 Production
2.4 Production distribution
2.5 Producers
2.5.1 Number of producers, dealers and end users
2.5.2 Top 40 area representative producers
2.5.3 Ownership of producers
3 PRICE OF GUM ROSIN
3.1 Factors influencing the price
3.2 Price in the past few years, 2000–2013
3.3 Price in 2014
3.4 Price trend in the next few years
4 IMPORT & EXPORT SITUATION OF GUM ROSIN AND ITS DERIVATIVES
4.1 Import & export situation before 2007
4.2 Import & export analysis in 2007–July 2014
5 CONSUMPTION PATTERN OF GUM ROSIN
5.1 Market size and market share of gum rosin in major end use segments
5.2 Brief introduction to major downstream industries
5.2.1 Adhesive industry
5.2.2 Paint & coating industry
5.2.3 Rubber industry
5.2.4 Food industry
5.2.5 Paper industry
5.2.6 Ink industry
5.2.7 Batik industry
5.2.8 Other industries
5.2.9 List of major end users
5.3 Introduction to gum rosin derivatives
5.3.1 Brief introduction to gum rosin derivatives industry in China
5.3.2 Brief introduction to major derivatives
5.3.2.1 Gum rosin ester
5.3.2.2 Other derivatives
6 INVOLVEMENT AND ACHIEVEMENT OF MULTINATIONAL CORPORATIONS
7 COMPETITIVE LANDSCAPE AND FUTURE FORECAST
7.1 Problems existing in China's gum rosin industry
7.2 Challenges for China's gum rosin industry
7.3 Driving forces for China's gum rosin industry
7.4 Outlook of gum rosin in 2014-2018
LIST OF TABLES
Table 1.1.1-1 Geographic distribution of main pine species for tapping in China
Table 1.1.1-2 Available pine tapping area and volume by region, 2004
Table 1.1.1-3 Timber forest area and volume available for tapping by region, 2004
Table 1.1.2-1 Oleoresin storage calculation of tapping pine (DBH＞20cm) in China by region, 2004
Table 1.6.2-1 Current regulations on oleoresin tapping by region in China
Table 2.1-1 Production of Chinese gum rosin in the world, 1934–2013, tonne
Table 2.1-2 Capacity distribution of different rosins in the world, 2008-2013
Table 2.3-1 Output of gum rosin in China, 1950s–1980s
Table 2.4-1 Production distribution of gum rosin in China, 2008–2013, tonne
Table 2.5.1-1 Number of manufacturers, dealers and end users of gum rosin in China by region, 2004-H1 2014
Table 2.5.2-1 The capacity and output of 40 gum rosin manufacturers in China, 2011–2013
Table 3.2-1 The lowest monthly market price of gum rosin (1st grade) in China, 2000–2013, USD/t
Table 3.2-2 The highest monthly market price of gum rosin (1st grade) in China, 2000–2013, USD/t
Table 3.2-3 Average monthly market price of gum rosin (1st grade) in China, 2000–2013, USD/t
Table 4.1-1 History of gum rosin import & export in China
Table 4.1-2 Import and export of gum rosin in China, 1995–2006
Table 4.1-3 Export destinations of Chinese gum rosin, 2000–2006, tonne
Table 4.1-4 Major overseas buyers of Chinese gum rosin, 2006
Table 4.2-1 Adjustment of export rebate rate on gum rosin in China
Table 4.2-2 Import and export of gum rosin in China, 2007-2014
Table 4.2-3 Export destinations of gum rosin in China, 2008-2013
Table 4.2-4 Top 20 export destinations of gum rosin in China by volume, Jan.-July of 2013 and 2014
Table 4.2-5 Average monthly export volume and price of gum rosin in China, 2007-July 2014
Table 4.2-6 Import and export of gum rosin derivatives in China, 2007-July 2014
Table 4.2-7 Export destinations of Chinese-made gum rosin derivatives by country/region, 2008-2013
Table 4.2-8 Top 20 export destinations of Chinese-made gum rosin derivatives by volume, Jan.-July of 2013 and 2014
Table 5-1 Gum rosin consumption in main regions in China, 2013
Table 5.1-1 Market size and market share of gum rosin by consumption volume, 2006-2013, tonne
Table 5.2.9-1 Major end users of gum rosin in adhesive industry in China
Table 5.2.9-2 Major end users of gum rosin in painting & coating industry
Table 5.2.9-3 Major end users of gum rosin in rubber industry in China, 2013
Table 5.2.9-4 Major end users of gum rosin in food industry
Table 5.2.9-5 Major end users of gum rosin in paper industry
Table 5.2.9-6 Major end users of gum rosin in ink industry
Table 5.2.9-7 Major end users of gum rosin in batik industry
Table 5.3.1-1 Historical development of gum rosin derivatives in China
Table 5.3.1-2 Gum rosin derivatives production in main regions in China, 2013
Table 5.3.2.1-1 List of key producers of rosin glycerol ester and rosin pentaerythritol ester, 2013
Table 5.3.2.1-2 Major modified rosin producers in China, 2013
Table 5.3.2.2-1 Major hydrogenated rosin producers in China, 2013
Table 5.3.2.2-2 Major disproportionated rosin producers in China, 2013
Table 5.3.2.2-3 Major polymerized rosin producers in China, 2013
Table 6-1 Key companies invested by foreign enterprises in China, 2013
Table 1.1.1-1 Geographic distribution of main pine species for tapping in China
Table 1.1.1-2 Available pine tapping area and volume by region, 2004
Table 1.1.1-3 Timber forest area and volume available for tapping by region, 2004
Table 1.1.2-1 Oleoresin storage calculation of tapping pine (DBH＞20cm) in China by region, 2004
Table 1.6.2-1 Current regulations on oleoresin tapping by region in China
Table 2.1-1 Production of Chinese gum rosin in the world, 1934–2013, tonne
Table 2.1-2 Capacity distribution of different rosins in the world, 2008-2013
Table 2.3-1 Output of gum rosin in China, 1950s–1980s
Table 2.4-1 Production distribution of gum rosin in China, 2008–2013, tonne
Table 2.5.1-1 Number of manufacturers, dealers and end users of gum rosin in China by region, 2004-H1 2014
Table 2.5.2-1 The capacity and output of 40 gum rosin manufacturers in China, 2011–2013
Table 3.2-1 The lowest monthly market price of gum rosin (1st grade) in China, 2000–2013, USD/t
Table 3.2-2 The highest monthly market price of gum rosin (1st grade) in China, 2000–2013, USD/t
Table 3.2-3 Average monthly market price of gum rosin (1st grade) in China, 2000–2013, USD/t
Table 4.1-1 History of gum rosin import & export in China
Table 4.1-2 Import and export of gum rosin in China, 1995–2006
Table 4.1-3 Export destinations of Chinese gum rosin, 2000–2006, tonne
Table 4.1-4 Major overseas buyers of Chinese gum rosin, 2006
Table 4.2-1 Adjustment of export rebate rate on gum rosin in China
Table 4.2-2 Import and export of gum rosin in China, 2007-2014
Table 4.2-3 Export destinations of gum rosin in China, 2008-2013
Table 4.2-4 Top 20 export destinations of gum rosin in China by volume, Jan.-July of 2013 and 2014
Table 4.2-5 Average monthly export volume and price of gum rosin in China, 2007-July 2014
Table 4.2-6 Import and export of gum rosin derivatives in China, 2007-July 2014
Table 4.2-7 Export destinations of Chinese-made gum rosin derivatives by country/region, 2008-2013
Table 4.2-8 Top 20 export destinations of Chinese-made gum rosin derivatives by volume, Jan.-July of 2013 and 2014
Table 5-1 Gum rosin consumption in main regions in China, 2013
Table 5.1-1 Market size and market share of gum rosin by consumption volume, 2006-2013, tonne
Table 5.2.9-1 Major end users of gum rosin in adhesive industry in China
Table 5.2.9-2 Major end users of gum rosin in painting & coating industry
Table 5.2.9-3 Major end users of gum rosin in rubber industry in China, 2013
Table 5.2.9-4 Major end users of gum rosin in food industry
Table 5.2.9-5 Major end users of gum rosin in paper industry
Table 5.2.9-6 Major end users of gum rosin in ink industry
Table 5.2.9-7 Major end users of gum rosin in batik industry
Table 5.3.1-1 Historical development of gum rosin derivatives in China
Table 5.3.1-2 Gum rosin derivatives production in main regions in China, 2013
Table 5.3.2.1-1 List of key producers of rosin glycerol ester and rosin pentaerythritol ester, 2013
Table 5.3.2.1-2 Major modified rosin producers in China, 2013
Table 5.3.2.2-1 Major hydrogenated rosin producers in China, 2013
Table 5.3.2.2-2 Major disproportionated rosin producers in China, 2013
Table 5.3.2.2-3 Major polymerized rosin producers in China, 2013
Table 6-1 Key companies invested by foreign enterprises in China, 2013
LIST OF FIGURES
Figure 1.1.1-1 Available pine tapping area and volume of PM, PY, PK, 2004
Figure 1.4-1 Oleoresin purchasing channels for gum rosin factories in China
Figure 1.5-1 Average annual selling price of oleoresin in China, 2007-Aug. 2014
Figure 1.5-2 Average monthly selling price of pinus massoniana-based oleoresin in Guangxi Zhuang Autonomous Region, May 2007-Sept. 2014
Figure 1.5-3 Average monthly selling price of pinus yunnanensis-based and pinus kesiya-based oleoresin in Yunan Province, May 2007-Sept. 2014
Figure 1.5-4 Average monthly selling price of pinus elliottii-based oleoresin in Jiangxi Province, May 2007-Sept. 2014
Figure 1.6.1-1 Output of oleoresin in China, 2002-2013
Figure 1.6.1-2 Oleoresin output in main production regions in China, 2005-2013, '000 tonne
Figure 2.3-1 Output of gum rosin in China, 1989–1997
Figure 2.3-2 Output of gum rosin in China, 1998–2013
Figure 3.2-1 Average market price of gum rosin (1st grade) in China, 2000-2013
Figure 3.3-1 Port price of gum rosin (1st grade) from Huangpu port, Jan. 2012–June 2014
Figure 3.3-2 Stock of gum rosin in Huangpu port at the beginning of each month, Jan. 2012-Aug. 2014
Figure 3.4-1 Forecast on the price of gum rosin in China, 2014-2018
Figure 4.2-1 Export volume and price of gum rosin in China, 2007–July 2014
Figure 5-1 Consumption of gum rosin in China, 2006-2013
Figure 5.1-1 Consumption fields of gum rosin in China
Figure 5.1-2 Consumption pattern of gum rosin in China, 2006-2013
Figure 5.2.1-1 Output of hot melt adhesive in China, 2006-2013
Figure 5.2.2-1 Consumption of gum rosin in paint & coating industry in China, 2006-2013
Figure 5.2.2-2 Output of paint & coating in China, 2006-2013
Figure 5.2.3-1 Consumption structure of gum rosin in rubber industry in China, 2013
Figure 5.2.3-2 Consumption of gum rosin in rubber industry in China, 2006-2013
Figure 5.2.3-3 Supply and demand of SBR in China, 2006-2013, tonne
Figure 5.2.3-4 Supply and demand of ABS in China, 2006-2013, tonne
Figure 5.2.3-5 Supply and demand of NBR in China, 2006-2013, tonne
Figure 5.2.3-6 Supply and demand of CR in China, 2006-2013, tonne
Figure 5.2.4-1 Consumption of gum rosin in food industry in China, 2006-2013
Figure 5.2.5-1 Consumption of gum rosin in paper industry in China, 2006-2013
Figure 5.2.6-1 Consumption of gum rosin in ink industry in China, 2006-2013
Figure 5.2.6-2 Output and growth rate of ink in China, 2006-2013
Figure 5.2.7-1 Consumption of gum rosin in batik industry in China, 2006-2013
Figure 7.4-1 Forecast on output of gum rosin in China, 2014-2018
Figure 7.4-2 Forecast on consumption of gum rosin in China, 2014-2018
Figure 1.1.1-1 Available pine tapping area and volume of PM, PY, PK, 2004
Figure 1.4-1 Oleoresin purchasing channels for gum rosin factories in China
Figure 1.5-1 Average annual selling price of oleoresin in China, 2007-Aug. 2014
Figure 1.5-2 Average monthly selling price of pinus massoniana-based oleoresin in Guangxi Zhuang Autonomous Region, May 2007-Sept. 2014
Figure 1.5-3 Average monthly selling price of pinus yunnanensis-based and pinus kesiya-based oleoresin in Yunan Province, May 2007-Sept. 2014
Figure 1.5-4 Average monthly selling price of pinus elliottii-based oleoresin in Jiangxi Province, May 2007-Sept. 2014
Figure 1.6.1-1 Output of oleoresin in China, 2002-2013
Figure 1.6.1-2 Oleoresin output in main production regions in China, 2005-2013, '000 tonne
Figure 2.3-1 Output of gum rosin in China, 1989–1997
Figure 2.3-2 Output of gum rosin in China, 1998–2013
Figure 3.2-1 Average market price of gum rosin (1st grade) in China, 2000-2013
Figure 3.3-1 Port price of gum rosin (1st grade) from Huangpu port, Jan. 2012–June 2014
Figure 3.3-2 Stock of gum rosin in Huangpu port at the beginning of each month, Jan. 2012-Aug. 2014
Figure 3.4-1 Forecast on the price of gum rosin in China, 2014-2018
Figure 4.2-1 Export volume and price of gum rosin in China, 2007–July 2014
Figure 5-1 Consumption of gum rosin in China, 2006-2013
Figure 5.1-1 Consumption fields of gum rosin in China
Figure 5.1-2 Consumption pattern of gum rosin in China, 2006-2013
Figure 5.2.1-1 Output of hot melt adhesive in China, 2006-2013
Figure 5.2.2-1 Consumption of gum rosin in paint & coating industry in China, 2006-2013
Figure 5.2.2-2 Output of paint & coating in China, 2006-2013
Figure 5.2.3-1 Consumption structure of gum rosin in rubber industry in China, 2013
Figure 5.2.3-2 Consumption of gum rosin in rubber industry in China, 2006-2013
Figure 5.2.3-3 Supply and demand of SBR in China, 2006-2013, tonne
Figure 5.2.3-4 Supply and demand of ABS in China, 2006-2013, tonne
Figure 5.2.3-5 Supply and demand of NBR in China, 2006-2013, tonne
Figure 5.2.3-6 Supply and demand of CR in China, 2006-2013, tonne
Figure 5.2.4-1 Consumption of gum rosin in food industry in China, 2006-2013
Figure 5.2.5-1 Consumption of gum rosin in paper industry in China, 2006-2013
Figure 5.2.6-1 Consumption of gum rosin in ink industry in China, 2006-2013
Figure 5.2.6-2 Output and growth rate of ink in China, 2006-2013
Figure 5.2.7-1 Consumption of gum rosin in batik industry in China, 2006-2013
Figure 7.4-1 Forecast on output of gum rosin in China, 2014-2018
Figure 7.4-2 Forecast on consumption of gum rosin in China, 2014-2018
