SunSirs: After the Holiday, the Market Price of Chlorinated Paraffin Decreased (May 5-9)

https://www.chemnet.com   May 10,2024 SunSirs

According to the Commodity Market Analysis System of SunSirs, the average market price of chlorinated paraffin 52 in China on May 9th was 5,633 RMB/ton, which was 0.59% lower than the average price of 5,666 RMB/ton on May 5th.

Analysis review

After the holiday, the market price of chlorinated paraffin had fallen, and manufacturers were operating at low loads. After the holiday, the prices of raw materials such as liquid wax and liquid chlorine decreased, leading to weakened cost support. Downstream procurement was on demand, overall demand performance was insufficient, and market trading was limited. As of May 9th, 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 5,450-5,600 RMB/ton.

In terms of raw material liquid wax, the price of liquid wax continued to decline this week, with a downward trend as the main trend. Liquid wax fluctuated with the crude oil market. In terms of raw material liquid chlorine, the price of liquid chlorine was initially suppressed and then increased this week. As of May 9th, there was resistance from downstream towards high prices, and actual orders were mainly based on negotiations.

Market outlook

According to Chlorinated Paraffin analysts from SunSirs, the recent consolidation and operation of raw material prices had reduced the fluctuation in cost. The terminal demand for chlorinated paraffin needed to be improved, and the market was mainly bearish. It is expected that the chlorinated paraffin market will be consolidated to be weaker in the short term.

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