Price Trend
According to the monitoring data of business associations, the price of domestic chlorinated paraffin market fell first, then rose and then fell this month. At the beginning of this month, the average price of domestic chlorinated paraffin 52 first-class products was 5000 yuan/ton, and at the end of this month, the average price was 5000 yuan/ton. The price range fluctuated from top to bottom.
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II. Market Analysis
Products: At present, the price of chlorinated paraffin 52 first-class products in South China is about 5000 yuan/ton, that of chlorinated paraffin 52 first-class products in Northeast China is 4600-5000 yuan/ton, that of chlorinated paraffin 52 first-class products in East China is about 5000-5500 yuan/ton, that of chlorinated paraffin 52 first-class products in Central China is about 5000-5500 yuan/ton, and that of Shandong is about 5000-5500 yuan/ton. Regional chlorinated paraffin 52 first-class products ex-factory quotation 4500-5000 yuan/ton.
Industry chain: The upstream liquid wax market is running smoothly without obvious fluctuation in price. The volume of new orders is average. The price of liquid chlorine is still stable, and some districts sell at a reduced price, which has no effect on the overall market.
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Crude Oil: For the first time in 10 years, the Federal Reserve cut interest rates, EIA crude oil inventories fell for seven consecutive weeks, and international oil prices rose, but the decline in U.S. stocks restrained the increase. On Wednesday (July 31), WTI September 19 futures rose $58.58 a barrel to $0.53; Brent September 19 futures rose $65.17 to $0.45 a barrel. China’s SC crude oil futures main contract was about 1909 yuan 444.3 yuan per barrel, up 3.5 yuan.
3. Future Market Forecast
Analysts of chlorinated paraffin in business associations believe that the upstream market has stable prices and insufficient trading. The overall trading atmosphere in the current market is general. Demand for chlorinated paraffin in the domestic market is sluggish. Prior orders are dominant and market wait-and-see attitude is strong. It is expected that chlorinated paraffin prices will continue to be vulnerable to shocks in the later period.
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