The chlorinated paraffin market experienced a narrow range of volatility in August, owing to the continuing low downstream operating rate and little effect from the improvement in demand. At the end of August, the main varieties of chlorine wax -52 market prices are: Guangdong 6300 ~ 6600 yuan (t price, the same below), Fujian 6600 ~ 6900 yuan, Jiangsu and Zhejiang region 6300 ~ 6700 yuan, Shandong, Hebei 6500 ~ 6800 yuan, Henan 6500 ~6800 yuan. Chlorine wax -70 in 8200 ~ 8500 yuan; chlorine wax -42 in 6500 ~ 7000 yuan.
It is expected that the chlorinated paraffin market will stabilize in September and prices will rebound. First, as chlorinated paraffin entered the peak season for consumption in September, downstream demand is expected to rebound on a stable basis. Second, due to the low inventory of chlorinated paraffins from most manufacturers at the end of August, the pressure on the market outlook is lighter, which is conducive to market operations. The third reason is that Shenyang Paraffin Chemical Plant plans to suspend production for one month at the beginning of September. The supply of liquid wax will be short-term in the short term. Even if raw material prices do not increase, there is little room for short-term decline. Fourth, since the production and operation of chlorinated paraffins by most manufacturers are carried out under the condition of capital preservation or low profit, there is little room for downward prices.
It is expected that the chlorinated paraffin market will stabilize in September and prices will rebound. First, as chlorinated paraffin entered the peak season for consumption in September, downstream demand is expected to rebound on a stable basis. Second, due to the low inventory of chlorinated paraffins from most manufacturers at the end of August, the pressure on the market outlook is lighter, which is conducive to market operations. The third reason is that Shenyang Paraffin Chemical Plant plans to suspend production for one month at the beginning of September. The supply of liquid wax will be short-term in the short term. Even if raw material prices do not increase, there is little room for short-term decline. Fourth, since the production and operation of chlorinated paraffins by most manufacturers are carried out under the condition of capital preservation or low profit, there is little room for downward prices.
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