Santos, (Brazil): In South America, the Gum Rosin market ended June on a firm note, marking a departure from the downtrend observed over the past month. Initial price announcements are mainly characterized by rising raw material costs coupled with recovery in downstream derivative demand. Additionally, the tight supply of Gum Rosin has further escalated the prices of Gum Rosin in the regional market.
According to 果酱视频&#xx;s database, prices of Gum Rosin have shown an increment of USD xx/MT in the Brazilian market. The cost support from feedstock Pinewood was sufficient for Gum Rosin as its prices increased throughout the month, leading to an upward shift in the price realization of Gum Rosin in the domestic market. Furthermore, producers of Gum Rosin have lowered their production due to the flooding as a result the material availability was observed on the lower end in the domestic market prompting...
