Price Trend
According to the monitoring data of business associations, the price of domestic chlorinated paraffin 52 market has been running steadily this week. At the beginning of the week, the average price of domestic chlorinated paraffin 52 first-class products was 4966 yuan/ton, and the average price of domestic chlorinated paraffin 52 first-class products was 4966 yuan/ton at weekend.
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II. Market Analysis
Products: This week, the domestic chlorinated paraffin 52 market price has been running steadily. At present, the quotation of 52 chlorinated paraffins in Northwest China is about 5100 yuan/ton, 52 chlorinated paraffins in South China 4500-5000 yuan/ton, 52 chlorinated paraffins in North China 3800-5500 yuan/ton, 52 chlorinated paraffins in East China 4000-5500 yuan/ton, 52 chlorinated paraffins in Central China 4000-5000 yuan/ton, and Shandong Province. Regional chlorinated paraffin 52 factory quotation 4000-5000 yuan/ton.
International crude oil: OPEC lowered global crude oil demand expectations, Hurricane Barry disturbed the Gulf of Mexico, coupled with the situation in Iran is still unstable factors, short-term good intertwined with a small decline in international oil prices. On Thursday (July 11), WTI August 19 futures fell $0.23 per barrel at $60.20, while Brent September 19 futures fell $0.49 at $66.52. China’s SC crude oil futures main contract was about 1908 yuan 454.3 yuan per barrel, up 12.7 yuan.
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3. Future Market Forecast
Chlorinated paraffin analysts at the business association believe that the upstream price of liquid paraffin is stable, the price of liquid chlorine is rising, and the demand has not improved. At present, the overall market turnover is flat, downstream picking up goods cautiously, the market is wait-and-see attitude. It is expected that the price of chlorinated paraffin will be weaker in the later period.