Price Trend
According to the monitoring data of business associations, the price of domestic chlorinated paraffin 52 market rose this week. At the beginning of the week, the average price of domestic chlorinated paraffin 52 first-class products was 4966 yuan/ton, while the average price of domestic chlorinated paraffin 52 first-class products was 5033 yuan/ton at the weekend, which was higher than last week.
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II. Market Analysis
Products: This week, domestic chlorinated paraffin 52 market prices rose. At present, the quotation of the first-class chlorinated paraffin 52 in Shaanxi is 4800-5200 yuan/ton, that of the second-class chlorinated paraffin 52 in Northeast China is 4700-5100 yuan/ton, that of the second-class chlorinated paraffin 52 in Anhui is 5000-5300 yuan/ton, and that of the second-class chlorinated paraffin 52 in Shandong is 4400-4800 yuan/ton.
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International crude oil: It is reported that two oil tankers were attacked in the Gulf of Oman, the geographic situation suddenly tense, supply contraction is expected to increase, and OPEC is expected to continue to reduce production to the second half of the year, international oil prices rebounded strongly. WTI52.28 rose $1.14 per barrel and Brent 61.31 rose $1.34 per barrel. China’s main SC crude oil futures fell 5.3 to 422 yuan per barrel in 1907.
Industry chain: The current overall market trading atmosphere is general, and demand is weak. Upstream raw material liquid wax prices rose slightly, liquid chlorine market prices decreased, the market is wait-and-see attitude.
3. Future Market Forecast
According to the analyst of chlorinated paraffin, the domestic market has limited demand for chlorinated paraffin, and the price of chlorinated paraffin is expected to remain stable in the later period.