SunSirs: The Cost Was Strengthened, and the Price of Chlorinated Paraffin Rose (February 27-March 6)
March 07 2023 13:50:07 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, the average market price of domestic chlorinated paraffin 52 was 5,766 RMB/ton on February 27, and the average market price of domestic chlorinated paraffin 52 was 5,800 RMB/ton on March 6. The price of chlorinated paraffin rose 0.58% this week.
Analysis review
The market price of chlorinated paraffin rose this week. This week, the prices of raw liquid chlorine and liquid wax continued to rise, and the cost-side support was strengthened. As of the 6th, the market demand was stable, the manufacturers had a strong attitude towards price stability, and the transaction focus was increased. Downstream procurement was mainly based on demand, and the market atmosphere was acceptable. As of March 6, the ex-factory price of chlorinated paraffin 52 in Anhui Province was about 6,300 RMB/ton, the ex-factory price of chlorinated paraffin 52 in Northeast China was about 5,500 RMB/ton, and the ex-factory price of chlorinated paraffin 52 in Shandong Province was about 5,600 RMB/ton.
In terms of raw liquid wax, the price of liquid wax showed an upward trend this week, and the liquid wax fluctuated with the crude oil market. In terms of raw liquid chlorine, the price of liquid chlorine rose this week, the market transaction price rose, and the enterprise shipment was smooth.
Market outlook
Chlorinated paraffin analysts from SunSirs believe that the price of chlorinated paraffin had risen recently, and the trend of chlorinated paraffin was upward. As of the 6th, the market trading and investment were relatively stable, and most downstream purchases were based on demand. Driven by the cost, the market price of chlorinated paraffin is expected to be stable and rise in the short term.
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