"Description: As an important pine product, gum rosin is widely used in the production of adhesive, paint & coating, rubber, food, paper and ink, batik, etc. Driven by great demand from overseas and increasing domestic consumption volume, China’s gum rosin industry developed fast in the past few years. China has abundant pine resources, which guarantees sufficient oleoresin for gum rosin production. However, in the past two years, infestation, eucalyptus planting and bad weather such as drought, heavy rain, snow, etc. have given greatly negative influence on oleoresin tapping in major pine growing areas, especially in Guangxi, Guangdong, Yunnan, Jiangxi and Hubei. How heavily did they affect the production of gum rosin in these provinces? What kinds of measures have been taken? Chinese export volume of gum rosin has dropped sharply in recent three years. Is it related to the adjustment in Chinese policies on gum rosin export, such as repealing export quotas, lowering export rebate? Moreover, since most gum rosin is exported through the port of Huangpu, the price and stock of gum rosin reflect general domestic market trend. How about the fluctuation of gum rosin price in the past one and a half years and how much stock was stored in Huangpu port at the beginning of each month in the past two and a half years? In recent three years, since more and more domestic producers and multinational corporations are engaged in the deep-processing of gum rosin, domestic consumption volume has been increasing. How about the consumption structure of gum rosin in the past three years and has the demand shifted within these major markets? What about the future prospect on major downstream industries? The detailed answers of the above focuses will be given in this report, and it will also provide you an insightful analysis on other following aspects: - Position of Chinese gum rosin in the world - Production of gum rosin in the past few years in China - Key factors influencing the price of gum rosin and pricing in the past few years - Detail analysis on export & import of Chinese gum rosin in 2007~2009 - Market size and share of gum rosin in major end use segments in 2007~2009 - Multinational corporations’ impact on China’s gum rosin and gum rosin derivatives production, especially for several Japanese conglomerates - Future forecast on Chinese gum rosin production in the next 5~10 years - Introduction to major 30 gum rosin producers in China and know the latest dynamics on Chinese gum rosin industry "

1. CCMData & Primary Intelligence
Website: http://www.cnchemicals.com Email: econtact@cnchemicals.com
Tel: +86-20-3761 6606 Fax: +86-20-3761 6968

2. CCMData & Primary Intelligence
Website: http://www.cnchemicals.com Email: econtact@cnchemicals.com
Tel: +86-20-3761 6606 Fax: +86-20-3761 6968
Description:
As an important pine product, gum rosin is widely used in the production of adhesive, paint &
coating, rubber, food, paper and ink, batik, etc. Driven by great demand from overseas and
increasing domestic consumption volume, China’s gum rosin industry developed fast in the past
few years.
China has abundant pine resources, which guarantees sufficient oleoresin for gum rosin
production. However, in the past two years, infestation, eucalyptus planting and bad weather such
as drought, heavy rain, snow, etc. have given greatly negative influence on oleoresin tapping in
major pine growing areas, especially in Guangxi, Guangdong, Yunnan, Jiangxi and Hubei. How
heavily did they affect the production of gum rosin in these provinces? What kinds of measures
have been taken?
Chinese export volume of gum rosin has dropped sharply in recent three years. Is it related to the
adjustment in Chinese policies on gum rosin export, such as repealing export quotas, lowering
export rebate?
Moreover, since most gum rosin is exported through the port of Huangpu, the price and stock of
gum rosin reflect general domestic market trend. How about the fluctuation of gum rosin price in
the past one and a half years and how much stock was stored in Huangpu port at the beginning of
each month in the past two and a half years?
In recent three years, since more and more domestic producers and multinational corporations are
engaged in the deep-processing of gum rosin, domestic consumption volume has been increasing.
How about the consumption structure of gum rosin in the past three years and has the demand
shifted within these major markets? What about the future prospect on major downstream
industries?
The detailed answers of the above focuses will be given in this report, and it will also provide you
an insightful analysis on other following aspects:
- Position of Chinese gum rosin in the world
- Production of gum rosin in the past few years in China
- Key factors influencing the price of gum rosin and pricing in the past few years
- Detail analysis on export & import of Chinese gum rosin in 2007~2009
- Market size and share of gum rosin in major end use segments in 2007~2009
- Multinational corporations’ impact on China’s gum rosin and gum rosin derivatives production,
especially for several Japanese conglomerates
- Future forecast on Chinese gum rosin production in the next 5~10 years

3. CCMData & Primary Intelligence
Website: http://www.cnchemicals.com Email: econtact@cnchemicals.com
Tel: +86-20-3761 6606 Fax: +86-20-3761 6968
- Introduction to major 30 gum rosin producers in China and know the latest dynamics on Chinese
gum rosin industry
Main content:
No. Content Page
Code Main content 0
Executive summary 1
Methodology & sources 2
I Production and market information 5
I-1 Pine resources & oleoresin situation 5
I-1.1 Pine resources in China 5
I-1.1.1 Current pine resources 5
I-1.1.2 Current oleoresin storage 8
I-1.1.3 Eucalyptus planting 9
I-1.2 Government regulations on pine resources 10
I-1.3 Ownership of pine resources and its trend in the future 11
I-1.4 Collection and purchasing behavior of oleoresin in China 11
I-1.5 Price of oleoresin over the years 13
I-1.6 Production of oleoresin over the years 17
I-1.6.1 Oleoresin output in the past years 17
I-1.6.2 Main factors influencing oleoresin production 19
I-2 Position of Chinese gum rosin in the world 21
I-3 Production situation of gum rosin 23
I-3.1 Development of China’s gum rosin production 23
I-3.2 Gum rosin output 23
I-3.3 Cost analysis 25
I-3.4 Manufacturers 25
I-3.4.1 Number of manufacturers, dealers and end users 25
I-3.4.2 Top 40 active producers 27
I-3.4.3 Ownership of manufacturers 28
I-3.5 Production distribution 28
I-3.6 Special finding about Chinese gum rosin production 30
I-3.6.1 Current situation of domestic manufacturers 30
I-3.6.2 Current situation of foreign manufacturers in China 30
I-3.6.3 Policy regulation 31
I-4 Price of gum rosin 32
I-4.1 Factors influencing the price 32
I-4.2 Price in the past few years 34
I-4.3 Current price 36
I-4.4 Price trend in the next few years 37
I-5 Export & import situation of gum rosin and its derivatives 38
I-5.1 Export situation in the past few years 38
I-5.2 Export & import analysis in 2007~2009 42

4. CCMData & Primary Intelligence
Website: http://www.cnchemicals.com Email: econtact@cnchemicals.com
Tel: +86-20-3761 6606 Fax: +86-20-3761 6968
I-6 Consumption pattern of gum rosin in China in 2007~2009 51
I-6.1 Market size and market share of gum rosin in major end use segments 53
I-6.2 Brief introduction to major downstream industries 55
I-6.2.1 Paper industry 55
I-6.2.2 Paint & coating industry 56
I-6.2.3 Ink industry 58
I-6.2.4 Adhesive industry 59
I-6.2.5 Soap industry 60
I-6.2.6 Rubber industry 61
I-6.2.7 Food industry 62
I-6.2.8 Battik industry 64
I-6.2.9 Other industries 65
I-6.3 List of major end users 65
I-7 Brief introduction to major derivatives 67
I-7.1 Brief introduction to gum rosin derivatives industry in china 67
I-7.2 Brief introduction to major derivatives 68
I-7.2.1 Gum rosin ester 68
I-7.2.2 Other derivatives 70
I-8 Problems existing in gum rosin industry in China 72
I-9 Involvement and achievement of multinational corporations 72
I-10 Competitive landscape 74
I-11 Key driving forces and challenges for China’s gum rosin development 76
I-11.1 Driving forces for China’s gum rosin industry 76
I-11.2 Challenges for China’s gum rosin industry 77
I-12 Future forecast on gum rosin in the next 10 years 78
II Appendix: profiles of 29 active producers 82
II-1 Guangxi Wuzhou Pine Chemicals Ltd. 82
II-2 Guangxi Wuzhou Sun Shine Forestry & Chemicals Co. Ltd. 84
II-3 Guangxi Nanning Heli Rosin Group 85
… … 0
II-29 Guangxi Ningming Tongmian Yitong Forest Chemical Factory 113
Executive summary:
Driven by great overseas demand and increasing domestic demand, China’s gum rosin industry
has developed fast in the past few years. Since China is the largest gum rosin production base in
the world, its export volume of gum rosin accounts for about xx% of global total trade volume every
year.
China has abundant pine resources, which guarantees sufficient supply for gum rosin production.
In China, the total pine areas for tapping have reached xx million hectares with the total volume of
xx million cubic meters. Pine growing areas are found all over the country especially in Guangxi,
Yunnan, Guangdong, Fujian, Jiangxi, Hunan and Hubei, which are also the major gum rosin
production bases.

5. CCMData & Primary Intelligence
Website: http://www.cnchemicals.com Email: econtact@cnchemicals.com
Tel: +86-20-3761 6606 Fax: +86-20-3761 6968
In China, both the output and price of gum rosin are greatly influenced by oleoresin tapping. Firstly,
the output of gum rosin is determined by that of oleoresin which usually is affected by weather
such as drought, snow, heavy rain, etc. and infestation. Secondly, the price of gum rosin changes
periodically, resulting from the seasonal price changes of oleoresin. Generally speaking, in April
and May when the tapping of oleoresin just starts, the purchasing price of oleoresin is high, and it
will decrease and keep stable from June to September. In October the purchasing price will
decrease further, and the lowest price will appear in December.
The output of Chinese gum rosin hit record high of xx tonnes in 2006. However, it has dropped in
recent two years because the demand has fallen due to global economic depression. In 2009, the
output of gum rosin was xx tonnes in China, with growth rate of only xx%, compared to that in
2008. Moreover, production technology level of gum rosin is low and over xx% producers adopt
steam method in China.
Since the domestic consumption is increasing and more multinational corporations are engaged in
the production of gum rosin derivatives in China, Chinese export volume of gum rosin has dropped
sharply in recent three years. In 2009, the export volume of gum rosin was xx tonnes, down xx%
compared to that in 2008.
In China, gum rosin is mainly consumed in adhesive, paint & coating, rubber, food, paper and ink
industry, batik etc. And its consumption volume has increased substantially in the past three years.
Now adhesive industry is the largest consumer of gum rosin after the consumption volume of gum
rosin in paper industry decreased sharply from 2005 because it was substituted by litmusless
sizing agents, such as AKD, which have developed fast and snatched some of gum rosin’s market
share. In recent three years, paint & coating and rubber industries have developed rapidly
promoting consumption volume of gum rosin to increase, while gum rosin consumption volume in
batik industry has been shrinking because the dosage of gum rosin in batik production has
reduced from xx~xx/km to xxx~xx/km, thanks to technology innovations.
Character of CCM' Report:
The aim of this report is to provide powerful assistance to the strategy group and the management
team in making correct decision as how to penetrate the ever-increasing China market and how to
catch the maximum commercial opportunities. The report is formulated independently by CCM’s
professional market researchers, based on the first-hand and primary data which are analyzed by
scientific methodology, confirmed with both manufacturers/end users/traders and legal authorities,
and presented in a logic way.
Sample pages：

6. I Production and market information
I-1 Pine resources & oleoresin situation
I-1.1 Pine resources and oleoresin storage in china
I-1.1.2 Current oleoresin storage
The total oleoresin storage is estimated based on the annual collection volume of oleoresin of
single-strain pine which is determined by the average value of oleoresin output from various pine
species in actual production. According to the investigation and study of Dong Jingxi, a senior
engineer of Yunnan Forest Inventory and Planning Institute that is responsible for the technical
management and part of administrative management of Yunnan’s forest resources, the annual
oleoresin collection volume of single-strain PM, PY and PKVL is 4.5, 3 and 4.5 kg/a separately in
China.
Table I-1.1.2 -1 Oleoresin storage calculation of tapping pine over the country
For the whole pine forest For the timber pine forestProvince Species
Trees (DBH＞
20cm), ‘000
stains
Oleoresin
storage, t
Percentage
(%)
Trees (DBH＞
20cm), ‘000
stains
Oleoresin
storage, t
Percentage
(%)
Yunnan PY, PKVL 207,680 692,000 24.2 48,080 193,000 10.7
Fujian PM 79,000 356,000 12.4 67,480 304,000 16.8
Sichuan PM, PY 98,890 336,000 11.7 48,140 172,000 9.5
Guangxi PM, PY 75,130 327,000 11.4 66,970 291,000 16.1
Tibet PY 104,340 313,000 10.9 34,110 102,000 5.6
Guangdong PM 43,910 198,000 6.9 42,230 195,000 10.8
Hunan PM 38,690 174,000 6.1 41,870 188,000 10.4
Zhejiang PM 24,420 110,000 3.8 22,400 101,000 5.6
Hubei PM 18,470 83,000 2.9 17,670 80,000 4.4
Jiangxi PM 18,460 83,000 2.9 17,000 77,000 4.3
Chongqing PM 15,890 72,000 2.5 1,860 8,000 0.4
Guizhou PM, PY 12,970 57,000 2.0 10,760 48,000 2.7
Anhui PM 9,430 42,000 1.5 8,020 36,000 2.0
Henan PM 1,410 6,000 0.2 710 3,000 0.2
Jiangsu PM 1,110 5,000 0.2 650 3,000 0.2
Shaanxi PM 860 4,000 0.1 830 4,000 0.2
Hainan PM 470 2,000 0.1 260 1,000 0.1
Total 751,130 2,860,000 100 430,040 1,806,000 100
Source: Scientia silvae sinicae/CCM International

7. Table 1-3.4.1-1 Number of manufacturers, dealers and derivative plants of gum rosin in China
Manufacturer Dealer End userRegion Province
2002 2004 2006 2008 2002 2004 2006 2008 2002 2004 2006 2008
Ningxia 0 0 0 0 1 1 1 1 1 1 1 0
Gansu 0 0 0 0 0 0 2 4 1 4 2 6
Xinjiang 0 0 0 0 1 4 1 3 2 4 1 1
Northwest China
Shaanxi 0 1 1 5 2 5 5 4 3 3 5 7
Subtotal 0 1 1 5 4 10 9 12 7 12 9 14
Yunnan 10 23 46 43 14 15 15 22 3 6 6 0
Sichuan 7 8 15 17 8 11 9 11 6 7 7 15
Guizhou 5 11 23 30 2 3 2 4 1 3 2 3
Southwest China
Chongqing 0 1 8 9 3 4 4 4 1 4 3 6
Subtotal 22 43 92 99 27 33 30 41 11 20 12 24
Jiangxi 52 50 74 56 13 10 8 9 2 9 3 7
Hunan 20 25 27 21 7 10 6 5 9 9 12 14
Hubei 7 20 32 51 5 7 9 8 2 10 14 18
Henan 2 0 3 8 16 15 25 21 14 14 15 12
Central China
Anhui 9 19 17 11 7 7 9 8 4 7 7 10
Subtotal 90 114 153 147 48 49 57 51 31 49 51 61
Shanxi 1 0 1 0 2 5 5 7 4 1 8 10
Hebei 0 0 0 0 10 17 11 13 9 10 12 18
Beijing 0 0 0 0 19 12 19 9 3 1 0 6
Tianjin 5 0 0 0 12 14 14 11 14 9 7 11
North China
Inner Mongolia 0 0 0 0 0 0 0 1 2 0 0 0
Subtotal 6 0 1 0 43 50 49 41 32 21 27 45
Liaoning 0 0 0 0 42 35 15 16 19 5 3 4
Jilin 0 0 0 0 4 3 3 0 6 2 0 0
Northeast
Heilongjiang 0 0 0 0 9 2 5 3 2 2 3 0
Subtotal 0 0 0 0 55 40 23 19 27 9 6 4
Jiangsu 16 0 0 0 32 31 28 37 46 39 31 79
Shandong 9 0 0 2 57 50 29 41 43 37 21 30
Shanghai 8 0 0 0 28 25 27 11 16 9 11 15
Zhejiang 24 4 2 1 11 14 14 18 16 22 41 49
East China
Fujian 54 53 47 52 22 24 26 31 8 10 12 16
Subtotal 111 57 49 55 150 144 124 138 129 117 116 189
Guangdong 96 75 65 50 73 40 45 70 58 40 32 76
Guangxi 121 153 154 121 38 36 23 29 2 6 5 4
South China
Hainan 4 6 7 9 1 2 2 1 1 1 0 2
Subtotal 221 234 226 180 112 78 70 100 61 47 37 82
Total 450 449 522 486 439 404 362 402 298 275 258 264
Source: Rosin-China/CCM International

8. I-4 Price of gum rosin
I-4.2 Price in the past few years
Usually the price change of gum rosin is periodic.
Table I-4.2-1 Lowest prices of gum rosin (1st grade) in each month, 2000~May 2010 (USD/t)
Year Jan. Feb. Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2000 417 417 429 429 429 429 423 423 417 417 417 417
2001 417 417 447 453 453 441 441 435 432 435 437 437
2002 447 453 477 465 465 461 441 432 432 449 471 519
2003 562 543 519 501 465 435 423 429 483 507 507 471
2004 471 477 471 483 477 465 465 489 507 543 562 562
2005 476 610 628 659 683 756 683 707 829 915 951 1,012
2006 1,103 1,216 1,316 1,253 1,028 1,053 1,053 1,053 1,015 1,003 877 789
2007 827 827 840 840 853 833 787 748 853 892 833 787
2008 920 964 993 964 1,022 1,051 1,088 1,080 1,036 949 818 686
2009 703 820 878 835 835 857 878 893 930 966 1,120 1,245
2010 1,537 1,581 1,698 2,050 2,050
Source: CCM International
Table I-4.2-2 Highest prices of gum rosin (1st grade) in each month, 2000~May 2010 (USD/t)
Year Jan. Feb. Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2000 453 447 453 453 459 459 447 447 447 447 447 441
2001 435 453 471 477 471 465 465 453 453 459 459 459
2002 471 489 519 507 489 489 483 459 471 483 531 568
2003 580 580 556 543 513 471 447 495 543 531 543 531
2004 507 507 507 507 501 483 489 519 543 574 604 592
2005 610 640 659 695 756 1,049 1,012 878 915 963 1,024 1,061
2006 1,216 1,316 1,441 1,441 1,253 1,103 1,090 1,090 1,078 1,053 1,003 940
2007 879 892 919 892 892 879 814 827 919 984 919 840
2008 1,007 1,022 1,051 1,022 1,066 1,073 1,109 1,109 1,095 1,066 847 818
2009 805 878 908 864 864 878 886 900 944 1,083 1,347 1,406
2010 1,640 1,684 1,991 2,269 2,313
Source: CCM International

9. I-5 Export & import situation of gum rosin and its derivatives
I-5.2 Export & import analysis in 2007~2009
Export analysis
Since the export tender & quota system for gum rosin was cancelled in 2002, the export quantity of
gum rosin has little relationship with the quota after 2002. Owing to global economic depression,
the export quantity of gum rosin hit the bottom at the beginning of 2009, but it has quickly
recovered in H2 2009, both in quantity and price thanks to the recovery of global economy……
Table I-5.2-2 Average export price of gum rosin in China, 2007~2009
2009 2008 2007Date
Quantity,
tonne
Price,
USD/kg
Quantity,
tonne
Price,
USD/kg
Quantity,
tonne
Price,
USD/kg
January 4,804.73 0.95 29,516.67 0.87 38,193.52 0.86
February 8,859.86 0.83 15,488.33 0.87 29,436.34 0.83
March 8,247.28 0.83 24,750.21 0.87 29,133.24 0.83
April 9,220.55 0.84 21,538.68 0.92 27,859.66 0.83
May 12,332.81 0.84 20,056.83 0.94 22,982.31 0.81
June 14,919.98 0.85 25,028.95 0.98 42,648.08 0.78
July 14,558.10 0.88 17,823.55 1.01 15,526.89 0.78
August 23,426.64 0.89 25,998.82 1.05 18,722.93 0.78
September 25,731.79 0.91 21,140.47 1.07 22,124.15 0.8
October 20,155.37 0.93 21,166.03 1.08 25,717.82 0.84
November 20,921.62 1 24,265.05 1.08 24,524.61 0.93
December 30,319.97 1.18 29,743.68 1.04 32,344.53 0.89
Total 193,498.68 0.94 276,517.23 0.98 329,214.05 0.83
Source: CCM International

10. I-6 Consumption pattern of gum rosin in china in 2007~2009
Table I-6.1-2 Market size and market share of gum rosin by value, 2007~2009
2007 2008 2009Year
Market size
(million USD)
Market share Market size
(million USD)
Market share Market size
(million USD)
Market share
Adhesive 75 20.46% 76 19.79% 87 21.52%
Paint &
coating 58 15.70% 68 17.64% 71 17.55%
Rubber 51 13.87% 52 13.50% 57 14.15%
Food 41 11.13% 45 11.80% 47 11.45%
Paper 38 10.35% 45 11.77% 39 9.64%
Ink 34 9.14% 39 10.19% 40 9.80%
Batik 32 8.61% 36 9.26% 34 8.35%
Others 39 10.74% 23 6.05% 31 7.54%
Total 368 100.00% 384 100.00% 406 100.00%
Source: CCM International
The gum rosin consumption share in adhesive, paint & coating, rubber, food and ink industry has
been expanding rapidly from 2007 to 2009 because of the fast development of these industries in
China ……
Figure I-6.1-2 Consumption pattern of gum rosin in China, 2005~2009
0% 20% 40% 60% 80% 100%
2005
2006
2007
2008
2009
Adhesive Paint & coating Rubber Food Paper Ink Battik Others
Source: CCM International