SunSirs: Demand Was Weak, and the Price of Chlorinated Paraffin Decreased (November 3-9)
November 10 2023 14:43:32 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the average market price of chlorinated paraffin 52 in China was 5,733 RMB/ton on November 3. On November 9, the average market price of chlorinated paraffin 52 in China was 5,633 RMB/ton, and the price of chlorinated paraffin 52 fell by 1.74% this week.
Analysis review
The market price of chlorinated paraffin had fallen this week. This week, the price of raw material liquid wax rose first and then fell, while the price of raw material liquid chlorine rose, providing support on the cost side. However, the market demand was weak, and downstream inquiries were relatively few, with a focus on rigid demand. Manufacturers and distributors often adopted a wait-and-see attitude. As of November 9th, the factory price of chlorinated paraffin 52 in Anhui Province was about 5,was 900 RMB/ton, and the national standard market price of chlorinated paraffin 52 in Shandong Province is about 4,800-5,600 RMB/ton.
In terms of raw material liquid wax, the price of liquid wax rose first and then fell this week, and liquid wax fluctuated with the crude oil market. In terms of raw material liquid chlorine, the price of liquid chlorine has increased this week, and on-site trading is still acceptable, with relatively stable market demand.
Market outlook
Analysts from SunSirs's chlorinated paraffin believe that the recent stable price of chlorinated paraffin has been the main trend, with downstream procurement on demand and relatively light demand. It is expected that the prices of chlorinated paraffin will stabilize and operate in the short term. It is recommended to pay attention to changes in costs and demand.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
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