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.
At the end of the month, market demand has not increased. In domestic market,the demand is weak, for international market,the European and American markets demand is decreasing and the demand in the Southeast Asian market is stable. Overall, the demand for paraffin will be slowly picking up. And with the arrival of September, the domestic and international candle industry will enter the peak demand season, and the market demand will be significantly improved.
We expect the price of paraffin will be stable in the near future, and probably there will be a slight increase.