SunSirs: Supported by Rigid Demand, the Price of Chlorinated Paraffin Dropped (May 29-June 5)
June 06 2023 09:39:12 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 29th was 5,433 RMB/ton. On June 5th, the average market price of chlorinated paraffin 52 in China was 5,266 RMB/ton. This week, the price of chlorinated paraffin 52 decreased by 3.07%.
Analysis review
Chlorinated paraffin market prices fell this week. This week, the price of raw material liquid chlorine was mixed, while the price of raw material liquid wax fell, and cost support weakened. Downstream demand was weak, the procurement was mainly on demand and the market trading was flat. As of June 5th, the factory price of chlorinated paraffin 52 in Anhui region was about 5,800 RMB/ton, the factory price of chlorinated paraffin 52 in Northeast region was about 5,000 RMB/ton, and the factory price of chlorinated paraffin 52 in Shandong region was about 4,500-5,000 RMB/ton.
In terms of raw material liquid wax, the price of liquid wax continued to decline this month, and market demand was weak. Liquid wax fluctuated with the crude oil market. In terms of raw material liquid chlorine, the price of liquid chlorine was mixed and fluctuated forward this month. As of June 5, the market situation was unstable, and manufacturers' shipments were average.
Market outlook
Chlorinated paraffin analysts from Business Society believe that the recent trend in raw material prices was weak, with limited cost support. The performance of terminal demand was average, and the market trading atmosphere was light. It is expected that the chlorinated paraffin market price is consolidated to be weaker in the short term.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
- 2024-05-10 SunSirs: After the Holiday, the Market Price of Chlorinated Paraffin Decreased (May 5-9)
- 2024-04-30 SunSirs: In April, the Chlorinated Paraffin Market Rose First and Then Fell
- 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)
