SunSirs: Demand Was Weak, and the Price of Chlorinated Paraffin Was Stable (August 18-24)

Price trend

According to the Commodity Market Analysis System of SunSirs, the average market price of chlorinated paraffin 52 in China on August 18th was 5,316 RMB/ton. On August 24th, the average market price of chlorinated paraffin 52 in China was 5,316 RMB/ton, and the price of chlorinated paraffin 52 remained stable this week.

Analysis review

The market price of chlorinated paraffin remained stable this week. This week, the prices of raw material liquid chlorine and liquid wax increased, providing support on the cost side. Downstream demand was insufficient, mostly mainly rigid demand. Market transactions were relatively low, and there was a strong wait-and-see sentiment in the industry. The manufacturer delivered at a stable price with average delivery performance. As of August 24th, the factory price of environmentally friendly chlorinated paraffin 52 in Anhui region was around 5,600 RMB/ton, while the factory price of national standard chlorinated paraffin 52 in Shandong region was around 4,900-5,350 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 stabilized after rising this week, with good market trading and stable shipments from manufacturers. Chlorinated paraffin had stronger cost support.

Market outlook

Chlorinated paraffin analysts from SunSirs believe that after the recent increase in raw material prices, it stabilized and there was still support on the cost side. However, the performance of terminal demand was insufficient, and market transactions were weak. It is expected that in the short term, the price of chlorinated paraffin will stabilize and operate mainly.

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