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.
September is the traditional busy season for candle industry. Therefore,the demand of domestic marke is improved stable in this month.European and American markets are influence by tariff increase, the demand is still decreasing, and the demand in the Southeast Asian market is stable.
We are expecting the price of paraffin will be increase stable in the near future.