In this week, price of paraffin wax was not fluctuating, and the whole market was running steadily. The domestic market trading situation was with nothing remarkable, and current export volume mainly goes to Southeast Asian markets, for Europe and the United States market, the volume has been decreased, but the overall export market remains stable.
For the domestic market, considering the existing difference of market price as well as different market share, low-price paraffin waxes has obvious advantage of competition. The prediction of the further market is optimistic, and the wait-and-see sentiment is still strong.
We are expecting that the market price will remain stable in the near future, and the supply and demand remains stable as well.