SunSirs: Chlorinated Paraffin Prices Rose in October (October 1-27)

Price trend

According to the Commodity Market Analysis System of SunSirs, the price of chlorinated paraffin fluctuated and increased this month. On October 1st, the average market price of domestic chlorinated paraffin 52 was 5,733 RMB/ton. On October 27th, the average market price of domestic chlorinated paraffin 52 was 5,866 RMB/ton, and the price of chlorinated paraffin increased by 2.33% this month.

Analysis review

The domestic price of chlorinated paraffin increased in October. In the first half of October, the price of chlorinated paraffin slightly increased. Due to the continuous high prices of raw material liquid wax, some chlorinated paraffin manufacturers raised prices with the increase of raw materials. But downstream procurement was based on demand, with cautious procurement requirements and average market trading. In the second half of October, the price of chlorinated paraffin increased and consolidated. The market for raw material liquid wax and liquid chlorine had started to weaken, and cost support had weakened. There was no significant improvement on the demand side, and the overall market trading was light. As of October 27th, the factory price of environmental protection grade chlorinated paraffin 52 in Anhui region was about 6,300 RMB/ton, and the factory price of national standard chlorinated paraffin 52 in Shandong region was about 5,000-5,900 RMB/ton.

According to the weekly increase and decrease from July 31, 2023 to October 16, 2023, it can be seen that the domestic chlorinated paraffin cycle had seen mixed fluctuations. In October, its seen a significant increase, with the largest increase of 1.16% in the week of October 2nd.

In terms of raw material liquid wax, the price of liquid wax rose first and then fell this month, and liquid wax fluctuated with the crude oil market. In terms of raw material liquid chlorine, the price of liquid chlorine fluctuated with ups and downs this month, and the overall trend was fluctuating to be weaker. The market transaction was average, and the manufacturer was stable in shipping.

Market outlook

Chlorinated paraffin analysts from SunSirs believe that the market for chlorinated paraffin raw materials had started to weaken recently, and cost support was weak. As of October 27th, the performance of terminal demand was not good, and downstream purchases remained in demand, resulting in weak market transactions. It is expected that the price of chlorinated paraffin will be weak in the short term, with consolidation and operation being the main focus.

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