In late November, the chlorinated paraffin market showed a generally weak trend, with the price of chlorowax-52 declining steadily and chlorowax-70 showing an upward movement. It is anticipated that the overall market in December will remain stable, with limited fluctuations.
During November, chlorowax-52 was impacted by seasonal demand factors, leading to a downward trend in certain regions. In Jiangsu and Zhejiang, prices fell below the 6,000-yuan mark, with major manufacturers such as Ningbo Zhongli and Hangzhou Chenguang adjusting their factory prices to between 5,700 and 5,800 yuan. In Henan, the mainstream ex-factory price dropped even further, reaching 5,300 to 5,500 yuan. Meanwhile, in Guangdong, Hunan, and Fujian, prices remained around 6,000 yuan. In the northeastern region, due to lower production levels, some manufacturers offered prices as low as 6,500 yuan.
On the other hand, chlorowax-70 faced high costs and low profitability, prompting manufacturers to agree on a 200-yuan price increase. Export prices were maintained at no less than 8,500 yuan. Major producers like Shenyang Chemical Industry and Harbin Yibin Chemical implemented these increases in late November, which helped reduce losses, improve margins, and boost market activity.
Looking ahead, three key trends are expected in the chlorinated paraffin market: First, seasonal demand will continue to affect the market. November marked the off-season for chlorinated paraffins, with reduced operating rates among downstream companies and shrinking demand, especially in the polyurethane industry. Second, rising international crude oil prices have kept liquid wax prices high, pushing up the cost of chlorinated paraffins and increasing production expenses for downstream plants. Third, some manufacturers have experienced reduced production and sales volumes, leading to higher inventory levels.
It is expected that the domestic chlorinated paraffin market will stabilize in December, but prices may still decline sharply. Several factors could contribute to this: first, domestic liquid wax prices remain higher than the same period last year, making it difficult for manufacturers to significantly lower costs, thus limiting price drops. Second, some producers have seen lower output and sales this year, which could lead to financial losses if prices fall too much. Most manufacturers have adopted a pricing strategy focused on stability. Finally, with declining demand at year-end, even if prices drop, it may not be enough to boost sales volume significantly.
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