SunSirs: In June, Chlorinated Paraffin Market Was Mixed (June 1-27)

Price trend

According to the commodity market analysis system of SunSirs, the price of chlorinated paraffin rose slightly this month. On June 1, the average price of domestic chlorinated paraffin 52 market was 5,266 RMB/ton, and on June 27, the average price of domestic chlorinated paraffin 52 market was 5,283 RMB/ton. The price of chlorinated paraffin rose 0.32% this month.

Upstream caustic soda

This month, domestic chlorinated paraffin prices rose and fell with each other, fluctuating and finishing operation. This month, the price of raw material liquid chlorine had increased, while the price of raw material liquid wax had decreased, and cost support was still acceptable. In the first half of June, the price of chlorinated paraffin fell. Downstream demand was relatively low, mainly rigid orders. In the second half of June, the price of chlorinated paraffin rose and fluctuated along with the trend of raw material prices. Downstream procurement enthusiasm increased, and market transactions were improving. As of June 27, the ex factory quotation of chlorinated paraffin 52 in Anhui was about 5,600 RMB/ton, that of chlorinated paraffin 52 in Northeast China was about 5,000 RMB/ton, and that of chlorinated paraffin 52 in Shandong was about 5,250 RMB/ton.

According to the weekly increase and decrease from March 27, 2023 to June 19, 2023, it can be seen that domestic chlorinated paraffin was mixed in the cycle. There was a significant increase in June, with the highest increase of 2.88% in the week of June 19th.

In terms of raw material liquid wax, the price of liquid wax fluctuated and fell this month, and the market trend was weaker. Liquid wax fluctuated with the crude oil market. In terms of raw material liquid chlorine, the price of liquid chlorine was mixed this month, with an overall upward trend. The market transaction was acceptable, and the manufacturer had stable shipments.

Market outlook

Analysts of chlorinated paraffin from SunSirs believe that the price of liquid chlorine and liquid wax of raw materials dropped recently, weakening the cost support. Market wait-and-see sentiment increased, and manufacturers stabilized price for their shipments. It is expected that the price of chlorinated paraffin will be stable and weaker in the short term. It is suggested to pay attention to the change of raw material price.

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