SunSirs: Demand Was Stable and the Market for Chlorinated Paraffin Was Stable (August 4-10)

Price trend

According to the Commodity Market Analysis System of SunSirs, the average market price of chlorinated paraffin 52 in China was 5,250 RMB/ton on August 4th. On August 10th, the average market price of chlorinated paraffin 52 in China was 5,250 RMB/ton, and the price of chlorinated paraffin remained stable this week.

Analysis review

The market price of chlorinated paraffin remained stable this week. This week, the prices of raw materials, liquid chlorine and liquid wax, had increased, providing positive cost support. Downstream procurement was cautious, and mainly just in needed. Chlorinated paraffin manufacturers had a stable price mentality, and market transactions were relatively fewer. But as the raw materials gradually strengthened, on-site transactions began to increase. As of August 10th, the factory quotation for chlorinated paraffin 52 in Anhui region was about 5,600 RMB/ton, while the factory quotation for national standard chlorinated paraffin 52 in Shandong region was about 4,800-5,150 RMB/ton.

In terms of raw material liquid wax, the liquid wax remained stable after rising at the beginning of the week, and the liquid wax fluctuated with the crude oil market. In terms of raw material liquid chlorine, the price of liquid chlorine had increased this week, with good market transactions and stable shipments from manufacturers. Maintenance of some manufacturers' devices resulted in reduced supply.

Market outlook

Chlorinated paraffin analysts from SunSirs believe that the recent increase in raw material prices had strengthened cost support. Downstream demand was stable, and with the strengthening of the cost side, the trading atmosphere in the chlorinated paraffin market had improved. It is expected that the price of chlorinated paraffin will continue to be stable and rise in the short term.

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