Paraffin Wax Pricing, Prices, Price, News | ChemAnalyst

1. Paraffin Wax Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ Quarterly Update on Global Paraffin Wax Market For the Quarter Ending March 2021 Asia In line with the rise in demand from downstream industries, Asian paraffin wax market witnessed a fair recovery during Q1 2021. This demand for Paraffin wax remained stable till January, which later during February and March observed a further pickup due to significant recovery in service sector. This improved demand mainly came from cosmetics, packaging and candles making segments which enhanced the market sentiments and hence supported the prices of Paraffin wax in Asian market. Get more info : https://www.chemanalyst.com/Pricing-data/paraffin-wax- 1205

2. Paraffin Wax Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ Accordingly, CFR India prices for Paraffin wax rose from USD 1046 per MT (January 2021) to USD 1095 per MT (March 2021). Meanwhile, Indian Oil Corporation announced to expand its Chennai refinery in collaboration with Chennai petroleum corporation ltd, which will cost around USD 4298.2 Million. North America North America region faced challenges to satisfy the demand for Paraffine wax during Q1 2021, although the demand remained below the expectations. The reason behind this fall was disrupted plant activities, due to winter storm in gulf during Q1 2021 and multiple plant shutdowns due to the spate of hurricanes in Q4 2020. Owing to the limited manufacturing activities, feedstock base oil prices skyrocketed during January and February, although improvement in manufacturing activities during March stopped this price acceleration across the region. Europe After months of stagnancy and depressed market, European paraffin wax witnessed a fair flight during Q1 2021. Construction and paper manufacturing sector improved by 4-5% compared to Q4 2020. Furthermore, with vaccination drives running in several European manufacturers remained optimistic regarding the demand for paraffin wax from downstream sectors in the near term. Meanwhile, during March end, Total dropped the plan to resume its France base oil production plant, due to low demand for feedstock Base Oil. countries like UK and France, For the Quarter Ending December 2020 Asia Festive season in Asia during final quarter of 2020, raised the demand of Paraffin wax from different sectors.

3. Paraffin Wax Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ Fairly improved demand of Paraffin wax from industries like cosmetics, packaging and candles enhanced the market sentiments and supported its prices. In India, CRF price of Paraffin wax were said to improve from USD 964.16/tonne in October to USD 997.27/tonne in December. Similarly, other Asian countries like China and Korea reported resilient demand for Paraffin wax post COVID-19 recovery. Improved crude oil values also supported the prices of Paraffin wax during Q4 2020 in the Asia pacific region. North America Amid fair recovery in industrial activities and businesses across the region, the demand of Paraffin wax from the packaging and cosmetic sector was moderately improved during Q4 2020. Although multiple refineries were kept on low capacities and many of them remained completely non operative, demand-supply situation seemed somewhat balanced during the quarter. In addition, Royal Dutch shell was heard closing its Louisiana refining facility due to malfunction, which is one of the largest facilities in USA. This shut down may have a significant impact on Paraffin wax supply across the region. Europe The European Paraffin wax market remained low on sales and experienced stable growth from the construction and paper manufacturing sector. Although the demand for Paraffin wax improved from cosmetic industries compared to prior quarter. Meanwhile, the COVID-19 restrictions affected the activities of multiple refining units and that reduced the overall availability of Paraffin wax which has already been dealing with slackening demand. On other hand, some countries like UK announced complete lockdown and implemented COVID-19 restrictions that induced the downward trend in demand fundamentals.

4. Paraffin Wax Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ How we can help ChemAnalyst addresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of ChemAnalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally. Methodology ChemAnalyst conducted the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market. gathers with information Paraffin through wax primary research spread surveys across various manufacturers, Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Paraffin wax market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility. Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.

5. Paraffin Wax Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Paraffin wax market. Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on weekly, monthly and yearly basis. Finally, region-specific markets for Paraffin wax are analyzed and region- wise demand pattern is tracked. About Paraffin wax is soft colourless solid mixture of hydrocarbon, which is obtained from petroleum or coal. This hydrocarbon mixture usually contains large compounds between C20 to C40 chains and remains solid at room temperature. Despite of its solid nature, it has a low melting point of around 36°C and boiling point of around 370°C. Paraffin wax is produced by feedstock slack wax, which is produced during refining process of lubricating oil. Slack wax is a mixture of oil and wax and during initial step, oil and wax are separated which is called de-oiling. After a successful first step, the product is further treated for its odour and colour. Paraffin wax has wide range of applications, in industries Paraffin wax is further treated to change its crystalline structure, viscosity and applications of Paraffin wax include making candles, wax carving for moulding, anticaking agent in fertilisers, making crayons, coating on paper, food additives etc. other functional properties. Other