SunSirs: In the First Half of 2023, the Chlorinated Paraffin Market Rose First and Then Declined

Price trend

According to the commodity market analysis system of SunSirs, the price of Chlorinated paraffin rose first and then declined in the first half of 2023. On January 1, the average market price of domestic Chlorinated paraffin 52 was 5,400 RMB/ton, and on June 30, the average market price of domestic Chlorinated paraffin 52 was 5,283 RMB/ton. In the first half of the year, the price of Chlorinated paraffin fell 2.16%.

Analysis review

According to the K column chart from January to June 2023, in the first half of the year, domestic Chlorinated paraffin was mixed up and down in the cycle. February saw a significant increase, with a maximum increase of 8.13%. April saw the largest decline, with a maximum decline of 3.49%.

In the first half of 2023, the domestic price of Chlorinated paraffin rose first and then fell. In the first quarter, the price of Chlorinated paraffin fluctuated and rose. The prices of raw material liquid wax and liquid chlorine increased, and cost support was strengthened. Under cost pressure, Chlorinated paraffin manufacturers raised prices. The market demand was stable, and the transaction focus had increased. In the second quarter, the price of Chlorinated paraffin fell sharply. The raw material prices were lowered, resulting in insufficient cost support. Downstream demand was weak, procurement enthusiasm was poor, and market transactions were weak. As of June 30, the ex factory quotation of Chlorinated paraffin 52 in Anhui was about 5,600 RMB/ton, and that of Chlorinated paraffin 52 in Shandong was about 5,250 RMB/ton.

Market outlook

Analysts of Chlorinated paraffin from SunSirs believe that the prices of raw liquid chlorine and liquid wax continued to rise recently, cost support was strengthened, and Chlorinated paraffin was running steadily and well. However, downstream procurement enthusiasm was average and transactions were relatively low. It is expected that the price of chlorinated paraffin will be stable and rise in the short term. It is suggested to pay attention to the change of raw material price.

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