The price of chlorinated paraffins in China remained stable this week, according to business association monitoring data. On September 23, the average price of domestic chlorinated paraffin 52 first-class products was 5200 yuan/ton, and on September 27, domestic chlorinated paraffin 52 first-class products was 5200 yuan/ton. The price remained stable.
II. Market Analysis
Products: At present, the ex-factory quotation of chlorinated paraffin 52 first-class products in South China is 4600-5300 yuan/ton, that of chlorinated paraffin 52 first-class products in North China is 4000-5500 yuan/ton, that of chlorinated paraffin 52 first-class products in East China is about 5000 yuan/ton, that of chlorinated paraffin 52 first-class products in Central China is about 5000-5500 yuan/ton, and that of Northeast China is about 5000-5500 yuan/ton. The price of chlorinated paraffin 52 grade I product is 5000-5500 yuan/ton. The quotation for the first grade chlorinated paraffin 52 in Shandong is about 5000-5500 yuan/ton. The northwest region chlorinated paraffin 52 first-class product ex-factory quotation is about 5000-5500 yuan/ton.
Crude oil: On September 26, WTI futures fell $0.08 per barrel at $56.41 in November 2019 and Brent futures rose $0.35 per barrel at $62.74 in November 2019. China’s SC crude oil futures main contract was about 1911 yuan 449.3 yuan per barrel, down 8.9 yuan.
Industry chain: The crude oil market rose first and then fell this week. The liquid wax market is mainly stable, and some manufacturers have made minor adjustments. The price of liquid chlorine market is stable and range fluctuation. Near the National Day, downstream enterprises mostly wait-and-see.
3. Future Market Forecast
Analysts of chlorinated paraffin in the business association believe that this week’s chlorinated paraffin trading is flat and the overall operation is stable. It is expected that the latter stage of chlorinated paraffin cross-disc finishing will be dominated.