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SunSirs: The Price of Chlorinated Paraffin Stabilized after Rising in the Third Quarter

October 15 2019 15:21:45     SunSirs (John)

Price trend

According to the monitoring data of SunSirs, domestic chlorinated paraffin market prices increased in the third quarter of 2019. On July 1, the average ex-factory price of domestic chlorinated paraffin 52 first-class products was 5,000 RMB/ton, and on September 30, the ex-factory average price of domestic chlorinated paraffin 52 first-class products was 5,200 RMB/ton, with a price increase of 4.00%.

 

Analysis review

Product: At present, the price of chlorinated paraffin 52 first-class products in South China is 4600-5300 RMB/ton, that of 52 first-class products in North China is 4500-5500 RMB/ton, that of 52 first-class products in East China is 5000 RMB/ton, that of 52 first-class products in Central China is 5000-5500 RMB/ton, and that of 52 first-class products in Northeast China is 5000-5500 RMB/ton. The quotation for the first grade chlorinated paraffin 52 in Shandong is about 5000-5500 RMB/ton. The northwest region chlorinated paraffin 52 first-class product ex-factory quotation is about 5000-5500 RMB/ton.

Crude oil: On Monday (October 14), WTI futures fell $1.11 per barrel in November 2019 at $53.59 and Brent futures fell $1.16 at $59.35 per barrel in December 2019. China's SC crude oil futures main contract1912 rose 13 to 464.8 RMB per barrel.

Industry chain: Crude oil market rose and fell in the third quarter, with fluctuations within the range. Mainstream price of liquid wax maintains stable operation, stable shipment of manufacturer and low stock operation. The price of liquid chlorine remained intact and stable as a whole. Some areas rose slightly.

Industry: According to the price monitoring of SunSirs, there are 46 kinds of commodities rising annually in the chemical sector in the list of commodity prices rising and falling in September 2019. Among them, 30 kinds of commodities increased by more than 5%, accounting for 35.7% of the monitored commodities in the sector. The first three commodities increased were nitric acid (54.17%), butanone (37.13%) and hydrochloric acid (35.14%). Thirty-two kinds of commodities declined annually, 13 of which declined by more than 5%, accounting for 15.5% of the monitored commodities in this sector. The products of the first three declines were trichloromethane (-20.83%), sulfur (-16.35%) and R22 (-14.00%). This month's average rise and fall was 4.09%.

 

Market outlook

Analysts of chlorinated paraffin from SunSirs believe that the market of chlorinated paraffin rose in the third quarter. As of October, the current market as a whole is weak. The downstream market is cautious in picking up goods and the market holds a wait-and-see attitude. It is expected that the market of chlorinated paraffin will remain stable in the later period. It is suggested to pay attention to the real-time market dynamics.

 

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