SunSirs: Demand Was Weak and the Price of Chlorinated Paraffin Was Stable (July 28-August 3)
August 04 2023 09:30:43 SunSirs (John)
Price trend
According to the commodity market analysis system of SunSirs, the average market price of domestic chlorinated paraffin 52 was 5,250 RMB/ton on July 28, and the average market price of domestic chlorinated paraffin 52 was 5,250 RMB/ton on August 3. The price of chlorinated paraffin was stable this week.
Analysis review
The market price of chlorinated paraffin was stable this week. This week, 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. Downstream procurement enthusiasm was average, manufacturers had a stable price mentality, and market trading was light. As of August 3, the ex factory quotation of environmental grade chlorinated paraffin 52 in Anhui was about 5,600 RMB/ton, and that of national standard level chlorinated paraffin 52 in Shandong was about 4,800-5,150 RMB/ton.
In terms of raw material liquid wax, this week's trend of liquid wax was initially upward and then downward, with prices showing a downward trend. Liquid wax fluctuated with the crude oil market. In terms of raw material liquid chlorine, the price of liquid chlorine rose this week and then remained stable, the market transactions were good and shipments from manufacturers were stable.
Market outlook
Chlorinated paraffin analysts from SunSirs believe that the price of raw materials had stabilized and declined recently, and the cost side support had weakened. Downstream demand wass limited, the procurement was mainly based on demand and new orders were fewer in the market. It is expected that the price of chlorinated paraffin will operate stably in the short term, and it is suggested to pay attention to the changes of raw materials and demand side.
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