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SunSirs: The Price of Chlorinated Paraffin Dropped Due to Poor Market(May 11-15)

May 19 2020 14:56:33     SunSirs (John)

Price trend

According to SunSirs’ data, the average factory price of domestic chlorinated paraffin 52 first-class products on May 11 was 4,866 RMB/ton, and the average factory price on May 15 was 4,766 RMB/ton, and the price fell by 2.05% this week. The commodity index of chlorinated paraffin on May 15 was 70.97, which was the same as the former day, 35.15% lower than the highest point of 109.43 (2013-12-03), and 11.15% higher than the lowest point of 63.85 on September 26, 2016. (Note: cycle refers to 2012-06-01 to now)

 

Analysis review   

Product: The market for chlorinated paraffin was stable this week. The factory price of chlorinated paraffin 52 in Jiangsu was 4,600-5,000 RMB/ton, the factory price of chlorinated paraffin 52 in Hebei was 3,700-4,500 RMB/ton, and the factory price of chlorinated paraffin 52 in Henan region was 4,000-5,300 RMB/ton. The factory price of chlorinated paraffin 52 in the northeast region was 4,300-5,300 RMB/ton. The factory price of chlorinated paraffin 52 in Shandong was about 4,800 RMB/ton. The ex-factory quotation of chlorinated paraffin 52 in the northwest region was 4,800-,5400 RMB/ton. The factory price of chlorinated paraffin 52 in East China was 4,500-5,500 RMB/ton. The factory price of chlorinated paraffin 52 in North China was 4,000-5,000 RMB/ton. The factory price of chlorinated paraffin 52 in southern China was 4,500-5,000 RMB/ton.

Industrial chain: The current raw material market is running smoothly with less volatility. The upstream raw material liquid wax prices as a whole operated steadily, with some minor adjustments. The market price of raw material liquid chlorine is mostly stable and the demand is small.

Industry: According to the price monitoring of SunSirs, in the 19th week of 2020 (5.11-5.15), there were 28 kinds of commodities in the chemical industry sector of the list of rise and fall of bulk commodity prices, including 5 kinds of commodities with an increase of more than 5%, accounting for 5.6% of the number of commodities monitored in the sector; the top three commodities were chloroform (15.15%), ethylene (11.60%) and caprolactam (8.46%). There were 16 kinds of commodities that fell sequentially, and 1 kind of commodities with a decline of more than 5%, accounting for 1.1% of the monitored commodities in this sector; the top 3 products with a decline were titanium dioxide (-7.21%) and propane (-4.70% ), Mixed xylene (-3.65%). This week's average increase or decrease was 0.72%.

 

Market outlook

Analysts of chlorinated paraffin of SunSirs believe that due to the stable raw material market, the downstream demand is sluggish and they are mostly on the sidelines. The trend of chlorinated paraffin this week is not good. The chlorinated paraffin market is expected to be weak and stable in the later period.

 

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