Turpentine Price Trend

Since August 2020, a price surge in gum turpentine in Asia was witnessed, with the price rising from 2600 USD/MT to 4300 USD/MT, a 70 percent increase. This was because turpentine prices had been low for the previous 12 months, and farmers were unwilling to harvest at such low prices. The second reason was the COVID-19 pandemic, which reduced the workforce in Brazil and India, particularly during the harvesting season. However, as restrictions were lifted and industrial activities resumed after the first half of 2021, FOB China gum turpentine prices decreased, dropping from 4,500 USD/MT in Q1 to 3810 USD/MT in Q3.

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Procurement Resource provides latest prices of Turpentine. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

Chart Description:

Procurement Resource provides prices of Turpentine for several regions around the globe, which are as follows:

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

About Turpentine:

Turpentine is one of the oldest and most common industrial solvents. It is distinct from other chemical solvents as it is derived from a renewable source. Turpentine is a chemical that is naturally derived from live pine trees, as it has been for decades. It is ready for use in industrial applications after a thorough distillation process.

Chemical Formula:

C10H16

Synonyms:

  • Gum turpentine
  • Spirits of gum turpentine
  • Turpentine gum

Molecular Weight:

  • 136.23 g/mol

Industrial Uses:

  • Solvent
  • Water Proofing
  • Sanitation
  • Cosmetics
  • Insect Repellants

Production Processes:

  • Production of Turpentine from Natural Resin

Turpentine is extracted from the natural resin of pine trees during the distillation process.

Supplier Database:

  • PT. Naval Overseas
  • Wuzhou Pine Chemicals Ltd.
  • Punjab Rosin and Chemicals Works
  • Wuzhou Sun Shine Forestry & Chemicals Co.,
  • Forestar Chemical Co., Ltd.
  • Deqing Yinlong Industrial Co., Ltd.
  • Deqing Jiyuan synthetic Resin Co., Ltd.
  • Resin Chemicals Co., Ltd

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs. 

Methodology:

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
 

Procurement Resource also provides the detailed production cost analysis of Turpentine See more

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