SunSirs: Under Cost Boost, the Price of Chlorinated Paraffin Increased in September (September 19-26)

Price trend

According to the Commodity Market Analysis System of SunSirs, the price of chlorinated paraffin had risen this month. On September 1st, the average market price of domestic chlorinated paraffin 52 was 5,350 RMB/ton. On September 26th, the average market price of domestic chlorinated paraffin 52 was 5,733 RMB/ton, and the price of chlorinated paraffin increased by 7.17% this month.

Analysis review

The domestic price of chlorinated paraffin fluctuated and increased in September. In early September, the price of chlorinated paraffin remained stable. The price of raw material liquid wax had increased, while the price of raw material liquid chlorine had decreased. The cost side was mixed. Downstream procurement was on-demand, market transactions were light and the wait-and-see atmosphere in the industry was strong. The manufacturer shipped at a stable price. In mid to late September, the price of chlorinated paraffin increased. The price of raw material liquid wax and liquid chlorine increased, resulting in increased cost-effectiveness. Under cost pressure, the price of chlorinated paraffin had increased. Downstream procurement was on-demand, there had been no significant improvement on the demand side, and the overall market trading performance was average. As of September 26th, the factory price of environmental grade chlorinated paraffin 52 in Anhui region was about 6,100 RMB/ton, and the factory price of national standard chlorinated paraffin 52 in Shandong region was about 5,300-5,900.

According to the weekly ups and downs from June 26, 2023 to September 18, 2023, it can be seen that the domestic chlorinated paraffin cycle had seen mixed with ups and downs. There was a significant increase in September, with the largest increase of 4.67% in the week of September 11th.

In terms of raw material liquid wax, the price of liquid wax had increased this month, and liquid wax fluctuated with the crude oil market. In terms of raw material liquid chlorine, the price of liquid chlorine had fluctuated with ups and downs this month, and the overall trend was volatile and stronger. The market transaction was acceptable, and the manufacturer had stable shipments.

Market outlook

Chlorinated paraffin industry analysts from SunSirs believe that recently, the market of chlorinated paraffin raw material was consolidating at high levels, and there was no positive impact on the cost side. As of September 26th, the performance of terminal demand was poor, downstream procurement was relatively cautious, and market trading was light. It is expected that the price of chlorinated paraffin will be stable and stabilized in the short term.

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