SunSirs: The Market Price of Chlorinated Paraffin Fell in March

Price trend

According to the Commodity Market Analysis System of SunSirs, the price of chlorinated paraffin had increased this month. On March 1st, the average market price of domestic chlorinated paraffin 52 was 5,800 RMB/ton. On March 27th, the average market price of domestic chlorinated paraffin 52 was 5,600 RMB/ton. This month, the market price of chlorinated paraffin had decreased by 3.45%.

Analysis review

In March, domestic chlorinated paraffin prices showed a weak decline. In early March, the price of chlorinated paraffin remained stable. Downstream procurement was on-demand, market supply and demand was balanced, and transaction atmosphere was acceptable. Chlorinated paraffin manufacturers maintained stable prices for shipments, with detailed discussions on actual orders. In mid March, the price of chlorinated paraffin decreased. Downstream procurement was cautious, with many low price transactions, limited market demand, and a light trading atmosphere. Chlorinated paraffin manufacturer's quotation had been lowered. In late March, the price of chlorinated paraffin remained stable. Market observation was the main focus, while manufacturers and distributors prioritized stable price shipments. As of March 27th, the ex factory price of 52 environmentally friendly chlorinated paraffin in Anhui region was about 6,000 RMB/ton, and the market price of 52 national standard chlorinated paraffin in Shandong region was about 5,300-5,800 RMB/ton.

According to the weekly ups and downs from January 1, 2024 to March 18, 2024, it can be seen that the domestic chlorinated paraffin cycle saw mixed ups and downs. There was a significant decline in March, with the largest decline being 2.33% in the week of March 18th.

In terms of raw material liquid wax, the price of liquid wax had fluctuated and fallen this month. The market demand was stable, and the transaction atmosphere in the market was average. The price of liquid wax fluctuated according to the crude oil market. In terms of raw material liquid chlorine, the price of liquid chlorine had fluctuated and increased this month. The market demand was still acceptable, with downstream rigid procurement as the main focus, and detailed discussions on actual orders.

Market outlook

According to analysts from SunSirs, the chlorinated paraffin market had been stabilizing recently. As of March 27th, there was still support on the cost side, downstream demand was stable, enterprises were actively shipping, and market stability was the main focus. It is expected that the market price of chlorinated paraffin will stabilize in the short term.

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