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In July 2020, China's total export volume of Xanthan gum was 0.887 million tons, decreased by 0.15 million tons month-on-month, and the average export price was US $3291.7 / ton, decreased by 3% month-on-month, among which Saudi Arabia's import volume accounted for 21% of the total, and the average import price was RMB 10,346 / ton.As oil prices continue to fall, exacerbating imbalances in the domestic economy, forcing Russia and Saudi Arabia to work together again to cut production, while India's crude output is down due to the virus epidemic, and xanthan gum exports are expected to fall in August.
