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SunSirs: Chlorinated Paraffin Stabilized in April After Going Down in March

April 16 2020 13:23:34     SunSirs (John)

Price trend

According to the price monitoring of SunSirs, the price of domestic chlorinated paraffin in March fell by 2.70% in 52 months. In April, the market tends to be stable. On April 15, the ex factory price of grade I chlorinated paraffin 52 was 4,800 RMB/ton, and the price was stable within the month. On April 15, the commodity index of chlorinated paraffin was 71.46, which was the same as the former day, 34.70% lower than the highest point of 109.43 (2013-12-03), and 11.92% higher than the lowest point of 63.85 on September 26, 2016. (Note: cycle refers to 2012-06-01 to now)

 

Analysis review   

Product: After the price volatility and decline in March, the current chlorinated paraffin market has stabilized. The factory price of chlorinated paraffin 52 in Jiangsu is 4,600-5,000 RMB/ton, the factory price of chlorinated paraffin 52 in Hebei is 3,700-4,500 RMB/ton, and the factory price of chlorinated paraffin 52 in Henan region is 4,000-5,300 RMB/ton. The factory price of chlorinated paraffin 52 in the northeast region is 4,300-5,300 RMB/ton. The factory price of chlorinated paraffin 52 in Shandong is about 3,800-4,800 RMB/ton. The factory price of chlorinated paraffin 52 in the northwest region was 4,800-5,400 RMB/ton. The factory price of chlorinated paraffin 52 in East China is 4,500-5,500 RMB/ton. The factory price of chlorinated paraffin 52 in North China is 5,000-5,500 RMB/ton. The factory price of chlorinated paraffin 52 in southern China is about 4,600 RMB/ton.

Industry: The price of raw liquid wax was stably shipped in March, the market remained stable, and just needed to buy. Prices in some regions of the liquid chlorine market have increased, prices in many regions have been balanced, and demand has not improved. Chlorinated paraffin downstream enterprises operated at low load. In April, the range of raw material market fluctuated slightly. The price of liquid wax was stable in the mainstream and increased in some cases. The price range of liquid chlorine fluctuated, and the future market remained on the sidelines.

Industry: According to the price monitoring of SunSirs, in the 14th week of 2020 (4.6-4.10), there were 28 kinds of commodities in the chemical industry sector of the list of commodity price rise and fall, including 13 kinds of commodities with an increase of more than 5%, accounting for 14.9% of the number of commodities monitored in the sector; the top three commodities were pure benzene (21.34%), crude benzene (20.34%) and acetone (15.79%). There were 28 kinds of commodities that fell sequentially, and 5 kinds of commodities that fell more than 5%, accounting for 5.7% of the monitored commodities in this sector; the top 3 products that fell were ethylene (-11.31%) and butadiene (-10.19 %), Aniline (-5.63%). This week's average increase or decrease was 1.05%.

 

Market outlook

Analysts of chlorinated paraffin form SunSirs believe that the operating rate of chlorinated paraffin in March is low, the terminal demand is weak, the market supply exceeds demand, and the chlorinated paraffin market fluctuates downward. In April, the operating rate increased and the terminal demand eased, but it was still not high and the market remained stable. It is expected that the chlorinated paraffin market will continue to be weakly consolidated in the later period.

 

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