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SunSirs: Poor Transaction & Chlorinated Paraffin Was Just Needed(May 18-22)

May 27 2020 15:54:31     SunSirs (John)

Price trend

According to the data monitoring of SunSirs, the average ex factory price of domestic chlorinated paraffin 52 grade I products was 4,766 RMB/ton on May 18, and 4,766 RMB/ton on May 22, maintaining a stable price this week. The commodity index of chlorinated paraffin on May 22 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: Chlorinated paraffin market was stable this week. The ex factory quotation of chlorinated paraffin 52 in Jiangsu Province was 4,600-5,100 RMB/ton, that of chlorinated paraffin 52 in Hebei Province was 3,700-4,500 RMB/ton, and that of chlorinated paraffin 52 in Henan Province was 4,000-5,300 RMB/ton. The ex factory quotation of chlorinated paraffin 52 in Northeast China was 4,300-5,200 RMB/ton. The ex factory quotation of chlorinated paraffin 52 in Shandong Province was about 4,800 RMB/ton. The ex factory quotation of chlorinated paraffin 52 in Northwest China was 4,800-5,400 RMB/ton. The ex factory quotation of chlorinated paraffin 52 in East China was 4,500-5,400 RMB/ton. The factory quotation of chlorinated paraffin 52 in North China was 4,000-5,000 RMB/ton. The factory quotation of chlorinated paraffin 52 in South China was 4,500-5,000 RMB/ton.

Industry chain: At present, the high price of raw material market runs smoothly. The price of upstream raw material wax is stable and the volume is average. The price of raw material liquid chlorine remained high due to the decrease in the supply of maintenance goods for some factories. However, the lower reaches mostly hold a wait-and-see attitude, and the enthusiasm for receiving goods is not high.

Industry: According to the price monitoring of SunSirs, in the 20th week of 2020 (5.18-5.22), there were 32 kinds of commodities rising in the chemical sector of the list of commodity prices rising and falling, including 5 kinds of commodities with an increase of more than 5%, accounting for 5.6% of the number of commodities monitored in the chemical sector; the top three commodities were crude benzene (11.37%), chloroform (9.52%) and hydrogen peroxide (7.11%).There were 24 kinds of commodities that fell sequentially, and the top three products were polysilicon (-4.49%), light soda ash (-3.75%), and aniline (-3.60%). This week's average increase or decrease was 0.74%.

 

Market outlook

The chlorinated paraffin analyst of SunSirs thinks that the current transaction of chlorinated paraffin is not good, and the downstream mainly depends on rigid demand. The cost side price of raw materials remains unchanged and at a high level. It is expected that in the later stage, the chlorinated paraffin market as a whole will be stuck in operation and the price will be stable.

 

If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.

 

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