PARAFFIN WAX MARKET NEWS ON Feb 22TH, 2019
After Chinese New Year holiday,wax price has an uptrend and some of refinereis informed that price has gone up a little
As the year end is approaching, the refinery has announced new policy to promote the Sales in the market. Now the demand has already bloomed under the refinery stimulation policy.
The price of paraffin wax is supposed to be stable at the first week of Nov.
Entering the 3rd quarter, the market price of paraffin wax increased slightly, and the whole market is with a peaceful emotion, not strong demand of buying.
wax price and supply keep stable and the U. S. dollar exchange rate is now rising every day
Our HCI has been in this line for more than 20 years,we mainly supply fully/semi refined paraffin wax,microcrystalline wax,slack wax,petroleum jelly,white mineral oil and so on.
This month we will attend 124Th Canton Fair (15th.Oct to 19th.Oct) in Guangzhou ,and our booth number is 14.4K01,Welcome all to visit our booth and we can have a conversation at your convenience.
Wax trends before the Chinese Naitonal holiday is more expected after several rounds of price increasing.
In this week, due to the Jingmen and Nanyang refineries shutdown for maintenace, the price of low melting point paraffin wax has risen steadily. , other refineries plants are running stable and the supply is relatively sufficient.
This week, due to the exchange rate fluctuations, the price of paraffin wax has risen steadily. Except Lanzhou and Daqing refineries shutdown for maintenance, other refineries plants are running stable and the supply is relatively sufficient.