SunSirs: Costs Weakened, and the Prices of Chlorinated Paraffin Fell (May 1-6)
May 09 2023 09:40:06 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the average market price of chlorinated paraffin 52 in China on May 1st was 5,533 RMB/ton. On May 6th, the average market price of chlorinated paraffin 52 in China was 5,500 RMB/ton, and the price of chlorinated paraffin 52 decreased by 0.60% this week.
Analysis review
Chlorinated paraffin market prices fell this week. This week, the prices of raw material liquid chlorine and liquid wax continued to decline, with insufficient cost support. Downstream demand was weak, market transactions were weak, and the industry was mainly bearish. As of May 6th, the ex factory quotation for chlorinated paraffin 52 in Anhui region was about 6,000 RMB/ton, the ex factory quotation for chlorinated paraffin 52 in Northeast region was about 5,500-5,800 RMB/ton, and the ex factory quotation for chlorinated paraffin 52 in Shandong region was about 4,500-5,200 RMB/ton.
In terms of raw material liquid wax, the price of liquid wax continued to decline this week, and the market downturn continued. Liquid wax fluctuated with the crude oil market. In terms of raw material liquid chlorine, the price of liquid chlorine in Shandong region was continuously declining this week, the trading atmosphere was cold and market performance was weak.
Market outlook
Chlorinated paraffin analysts from SunSirs believe that the market for raw material liquid chlorine and liquid wax continued to weaken recently, cost support was weakened. The terminal demand was sluggish, with small purchases volume and relatively few transactions. It is expected that the market price of chlorinated paraffin will fall in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2024-04-24 SunSirs: Market Trading Was Limited, and Chlorinated Paraffin Market Was Stable (April 15-19)
- 2024-04-12 SunSirs: Under Cost Support, the Price of Chlorinated Paraffin Had Increased (April 5-11)
- 2024-04-09 SunSirs: Driven by Cost, the Price of Chlorinated Paraffin Had Increased (April 1-7)
- 2024-03-29 SunSirs: The Market Price of Chlorinated Paraffin Fell in March
- 2024-03-22 SunSirs: Poor Demand, the Chlorinated Paraffin Prices Decreased (March 15-21)
