The meaning of Stacte in the Bible
(From International Standard Bible Encyclopedia)

stak'-te (nataph, "drops" (Job 36:27); stakte, meaning "oozing out in drops"): One of the ingredients of the holy ointment (Exodus 30:34; Ecclesiasticus 24:15, margin "opobalsamum," the King James Version "storax"). The marginal reading is a concession to Jewish tradition, but see SPICE, (1). Dioscorides describes two kinds of stacte, one of pure myrrh and one of storax and a fat mixed. See MYRRH. This nataph must have been either myrrh "in drops," as it is collected, or some other fragrant gum, similarly collected, such, for example, as gum tragacanth.

See more on the meaning of Stacte in the Bible:
Stacte {Easton's Bible Dictionary}

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