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SunSirs: Under Cost Support, the Price of Chlorinated Paraffin Had Increased (April 5-11)
April 12 2024 11:28:38SunSirs(John)

Price trend

According to the Commodity Market Analysis System of SunSirs, the average market price of domestic chlorinated paraffin 52 on April 11th was 5,700 RMB/ton, which was 5,633 RMB/ton higher than the average price on April 5th. The domestic chlorinated paraffin price had increased by 1.18%.

Analysis review

The market price of chlorinated paraffin had increased this week. This week, the price of raw material liquid wax has fallen, while the price of raw material liquid chlorine had increased. The cost side had fluctuated, and overall support was good. Driven by cost assistance, chlorinated paraffin enterprises had raised their quotations. As of April 11th, chlorinated paraffin manufacturers were operating at low loads, and downstream procurement wes required. Detailed discussions on actual orders were needed. As of April 11th, the ex factory price of 52 environmentally friendly chlorinated paraffins in Anhui region was about 6,000 RMB/ton, and the market price of 52 national standard chlorinated paraffins in Shandong region was about 5,600-5,800 RMB/ton.

In terms of raw material liquid wax, the price of liquid wax had dropped this week. The market trend was not good, and liquid wax fluctuated with the crude oil market. In terms of raw material liquid chlorine, the price of liquid chlorine had risen this week, and the market transaction atmosphere was improving. Sales were smooth, and actual orders were mainly based on negotiations.

Market outlook

SunSirs' chlorinated paraffin analyst believes that the market for chlorinated paraffin had recently risen. As of April 11th, there was still support on the cost side, and the demand side was mainly based on demand. On April 11th, the price of liquid chlorine had slightly fallen, and the market was mainly cautious and wait-and-see. It is expected that the market price of chlorinated paraffin will stabilize in the short term.

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