Price Trend
According to the monitoring data of business associations, the price of domestic chlorinated paraffin market rose slightly this week. At the beginning of the week, the average price of domestic chlorinated paraffin 52 was 5033 yuan/ton, and the average price of domestic chlorinated paraffin 52 was 5066 yuan/ton at the end of the week, up by 0.66%.
| http://www.barium-chloride.com |
II. Market Analysis
Products: At present, the price of chlorinated paraffin 52 in Northwest China is about 5100 yuan/ton, that of chlorinated paraffin 52 in South China is 4400-5000 yuan/ton, that of chlorinated paraffin 52 in North China is 3800-5500 yuan/ton, that of chlorinated paraffin 52 in East China is 4100-5400 yuan/ton, and that of chlorinated paraffin 52 in Central China is about 4900 yuan/ton. The price of 52 chlorinated paraffins in Shandong is 4200-4800 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.
Crude Oil: The Fed’s interest rate cut expectations are still rising, and international oil prices are rising slightly, but the easing of the situation in the Middle East and the gloomy prospects for global economic growth have suppressed the increase. On Friday (July 26), WTI September 19 futures rose $0.18 a barrel at $56.20, while Brent September 19 futures rose $0.07 at $63.46. China’s SC crude oil futures main contract was about 1909 yuan 442.5 yuan per barrel, up 1.1 yuan.
| PVA 1788 (PVA BP17) |
3. Future Market Forecast
Chlorinated paraffin analysts at business associations believe that prices in the upstream market are stable and trading is insufficient. The current chlorinated paraffin Market as a whole is flat, downstream demand is sluggish, the market has a wait-and-see attitude, mainly in the previous order. Although the price of chlorinated paraffin rose slightly this week, it is expected that the price of chlorinated paraffin will remain weak in the later period.
| PVA 1799 (PVA BF17) |