Opening Commentary


The filing for bankruptcy in a South Korean court by Hanjin Line has created mass confusion.  Several of Hanjin’s vessels have been placed under arrest at different ports around the world as creditors try to recoup their losses.  Vessels are detained outside ports and the Panama Canal as it remains unclear how port and unloading fees will be paid.  Payment for the crews is also yet to be determined.  This interruption has exacerbated the shortages caused by the effective shutdown of production in China due to the G20 Summit in late August and early September.

Oct 2016
Oct 2016

Allyl Amyl Glycolate

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A major supplier’s factory has recently been closed, reportedly due to pollution.  The production freeze due to the G20 Summit, the implementation of pollution controls in China, and Hanjin’s bankruptcy have all contributed to the current shortfall in this ingredient.  Prices have escalated and stocks are limited.  

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Oct 2016
Oct 2016

Orange Oil & Terpenes

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Prices continue to firm for both Oil and Terpenes.  This situation is expected to carry over into 2017.

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Oct 2016
Oct 2016

Eucalyptus Oil & Eucalyptol

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Reports continue to state that the supply is tight but new oil is expected to enter the market late November and early December.

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Oct 2016
Oct 2016

Garlic Oil Chinese

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The situation here has not changed.  Firming prices have been driven by a lack of quality oil, pollution controls, exorbitant prices for fresh, strong demand, and a short crop.  Prices continue to firm.

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Oct 2016
Oct 2016

Star Anise & Natural Anethole

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Reports continue to state that the supply of raw material is tight as poor weather conditions and higher productions costs have taken their toll.  With new oil not expected to reach market until December, prices are likely to to stay firm until then.

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Oct 2016
Oct 2016

Cassia Oil & Natural Benzaldehyde

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With the Spring Crop less than normal prices continue to rise as supplies dwindle.  Oil made by the Traditional Method is demanding a premium.

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Oct 2016
Oct 2016

Ginger Oil Chinese

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Prices continue to rise as less and less roots are being processed due to pollution controls.  Factories are unable to produce until their boilers are converted.  Viewed in light of the reported lack of dried roots, several dealers are reporting that there will be no new oil in the market until after February of 2017.

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Oct 2016
Oct 2016

Litsea Cubeba & Natural Citral

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Prices continue to firm as reports advise that the crop is short due to heavy rains and flooding.  We also have evidence that Citral yield is down, adding more pressure to pricing.  There will be no relief until the new crop in 2017.

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Oct 2016
Oct 2016

Amyris Oil

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The shortages and firming prices for Amyris Oil continue.

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Oct 2016
Oct 2016

Similarly to Amyris, prices continue to rise as availability is not able to cover demand.

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Oct 2016
Oct 2016

Clove Leaf Oil & Derivatives

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The onset of the rainy season and shifts in currency have caused prices to begin to rise.

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Oct 2016
Oct 2016

Nutmeg Oil

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Similarly to Clove, the rainy season and currency changes have caused Nutmeg prices to firm.

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Oct 2016
Oct 2016

Cedarwood Oils American

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Disposal of spent cedar dust continues to be a problem.  This has contributed to limited availability and firming prices.

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Oct 2016
Oct 2016

Geranium Oil Chinese

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Little has changed in the Geranium market as the crop is still short and prices are firm.

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Oct 2016
Oct 2016

Turpentine & Derivatives

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Reports from China indicate that inventories of Gum Turpentine are low.  Prices have subsequently firmed.  

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