SunSirs: Raw Material Market Declined and Chlorinated Paraffin Continued to Decline (November 8-12)
Price trend
According to the monitoring data of SunSirs, the average ex-factory price of domestic chlorinated paraffin 52 was 8,000 RMB/ton on November 8, and the average ex-factory price of domestic chlorinated paraffin 52 was 7,300 RMB/ton on November 12. The price of chlorinated paraffin fell by 8.75% this week.Analysis review
The price of chlorinated paraffin raw materials continued to fall this week, the cost was negative, the downstream demand was general, and the market for chlorinated paraffin was dropping. As of November 12, the ex-factory price of chlorinated paraffin 52 in Anhui area was about 6,500 RMB/ton, the ex-factory price of chlorinated paraffin 52 in South China was about 5,800-7,000 RMB/ton, the ex-factory price of chlorinated paraffin 52 in Shandong was 5,500-6,500 RMB/ton , and the ex-factory price of chlorinated paraffin 52 in East China was around 6,500-7,000 RMB/ton.
In terms of raw material liquid wax, the price of liquid wax fell this week, and the market stabilized near the weekend. At present, liquid wax lacks favorable support, and the market has stabilized prices for shipments. Due to the drop in oil prices, the liquid wax market will be weak and stable in the later period. In terms of raw material liquid chlorine, the price of liquid chlorine showed a downward trend this week. With continuous pressure from downstream, liquid chlorine companies continued to lower prices to ensure normal shipments. It is expected that the price of liquid chlorine will stabilize and decline in the short term.Market outlook
The chlorinated paraffin analyst of SunSirs believes that due to the decline in raw material prices this week, the decline in chlorinated paraffin has been obvious. The current cost is negative, trading is unstable, and the market is weak. The raw material market is expected to stabilize next week. It is expected that the chlorinated paraffin market will be dominated by weak consolidation in the short term, and it is recommended to pay attention to the changes in raw material prices.