According to the Commodity Market Analysis System of Business Society, as of April 7th, the average price of alumina in the market was 3470 yuan/ton, and on March 28th, the average price of alumina in the market was 3473 yuan/ton, a decrease of 0.1% from last week.

 

PVA 1788 (PVA BP17)

In terms of cost

 

The upstream bauxite of alumina maintains an upward trend. Guinea is gradually stabilizing, and the supply of goods is steadily increasing. There is no significant relaxation of mining control in the Jin Yu region of China, and domestic mining sources still maintain a tight situation. Due to the arrival of the rainy season in Australia, there may be some interference at the mining end.

 

In terms of supply and demand

 

The capacity utilization rate has slightly decreased this week, mainly due to weather and planned maintenance. The scale of reduction in alumina production in the southern region has increased, which is in line with the tight supply of bauxite in the southern region; In contrast, the northern region steadily increased production with the addition of imported minerals. There is a certain buffer for the supply changes caused by the reduction in production in the south.

 

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On the demand side, the resumption of electrolytic aluminum production in Yunnan region in March is expected to be around 140000 tons/year, with slower than expected growth.

 

Future Market Forecast

 

The scale of resuming production of alumina in the northern region continues to expand, and spot prices are gradually becoming more relaxed. The Southwest region is experiencing a period of tight supply and regional tension. Maintain short-term fluctuations in alumina prices.

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Market Overview: According to the bulk list data of Business Society, as of April 3, 2024, the reference price of diethylene glycol in the domestic market was 5470 yuan/ton, an increase of 146.67 yuan/ton or 2.76% compared to March 29, 2024 (reference price of diethylene glycol was 5323.33 yuan/ton).

 

Market: One week before Qingming Festival, the domestic diethylene glycol market fluctuated widely. There were no ships arriving at the port during the week, and inventory remained low. At the same time, large-scale equipment maintenance was carried out in China. In early April, one set of equipment from Satellite Chemical and Zhejiang Petrochemical each entered a shutdown maintenance state, and supply reduction supported market sentiment. The East China market continued to rise, with significant emotional fluctuations. However, the market lacks clear and sustained effective news guidance, and the stability of the market is weak due to rapid rise and fall. Downstream factories often follow in the middle of changes, with few purchases and high points difficult to sustain. The support level is also difficult to break, and the game nature is evident. The price fell at the end of the week, with the main focus on digesting the increase, and the market fluctuated widely. As of April 3rd, the closing price in East China was between 5470-5490 yuan/ton, while the closing price in South China was between 5620-5630 yuan/ton.

 

Market forecast: The main downstream unsaturated resin production is stable, but due to the strong trend of the leading raw material styrene, the UPR factory’s procurement of raw materials will continue to be low under high cost pressure. During the Qingming holiday, it is expected that 6300 tons will arrive on board, and there will be no pressure on the increase in port inventory. Top domestic refining companies are implementing maintenance plans, leading to a reduction in domestic supply, and the impact of the news may be more significant. Analysts from Shengyishe Diethylene Glycol believe that the market has a relatively strong grasp of supply and demand in the near future compared to March, and price expectations are expected to rise.

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1、 Price trend

 

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The PTFE market continued to operate steadily this week. According to statistics from Business Society, as of April 3rd, the market price of PTFE suspended particles has remained around 36500-50000 yuan/ton.

 

2、 Influencing factors:

 

Raw material side: The market price of R22 on the raw material side has risen, putting pressure on high costs. According to the Commodity Market Analysis System of Shengyishe, as of April 3rd, the benchmark price of Shengyishe R22 was 24833.33 yuan/ton, an increase of 2.76% compared to the beginning of this month (24166.67 yuan/ton).

 

Downstream end: Downstream demand is weak, with rigid procurement being the main focus. A new procurement node is about to arrive, and enterprises still have a wait-and-see mentality.

 

3、 Future Market Forecast

 

Business Society’s PTFE analyst believes that the high prices of raw materials support weak downstream demand, and the PTFE market has been operating steadily in the near future.

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1、 Price trend

 

PVA 1788 (PVA BP17)

According to the analysis system of the commodity market of Business Society, as of April 2nd, the domestic price of water bottle grade PET is 7340 yuan/ton, and fiber grade PET is 6992.5 yuan/ton. Currently, the overall PET raw material market is showing a strong trend, with factory quotations mainly increasing. The focus of market negotiations is on a high level, with an overall increase of 20-50 yuan/ton in price. Downstream demand for replenishment is running, and the mentality of chasing prices is cautious. At present, there is still support on the cost side, and in the short term, the PET market is mainly in a narrow range.

 

2、 Market analysis

 

The upward trend in PET raw material prices has driven PET to passively follow suit, and the downstream procurement atmosphere has warmed up. PET factories have raised their prices one after another, narrowing the supply of goods on the market and slightly lacking supply. Currently, the overall market negotiation focus is on a high level, with a positive procurement atmosphere and limited downstream acceptance. The attitude is cautious, and the overall polyester market demand is good. There is an expectation for maintenance on the supply side, and the downstream delivery speed is accelerating. There is a tense situation in the supply side spot, and holders have a reluctance to sell. The mentality of price support is obvious, and it is expected that the short-term upward space is limited.

 

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In terms of cost, the trend of upstream ethylene glycol fluctuates slightly and consolidates strongly, while crude oil has some support. Currently, the domestic supply has narrowed, and downstream demand for essential goods is being purchased. Normal inventory is being reduced, and market buying has rebounded. Prices continue to follow suit. Currently, the overall market is relatively strong and consolidating. Since March, the demand for upstream PTA maintenance has continued to increase, and prices have maintained an upward trend. The price in East China is stable and slightly strong, with a negotiated price of around 6000 yuan/ton. Currently, purchasing essential goods is stable, and a cautious and wait-and-see attitude is strong. There is still support for crude oil, and it is expected that PTA cost prices will be supported in the short term.

 

In terms of demand: Currently, the downstream demand for PET is good, and the production and sales situation of enterprises is good. The market is currently in the traditional peak season of gold, silver, and four, with low temperature autumn clothing selling well in spring and good demand for summer clothing. There is no pressure on enterprise inventory, and the overall market negotiation focus is on high prices. In the short term, the main trend is to increase prices, and the overall market expectation is good.

 

3、 Future Market Forecast:

 

PET analysts from Business Society believe that the overall polyester market is currently in the traditional peak season of gold, silver, and four, with increasing downstream demand and strong support from upstream costs. It is expected that the PET market will have a narrow upward trend in the short term, with mainstream prices for PET water bottle grade around 7300 yuan/ton and fiber grade around 7000 yuan/ton.

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According to the Commodity Analysis System of Business Society, the price of refined petroleum coke in March fluctuated widely, with an overall slight decline. The mainstream average price of petroleum coke products from major domestic refineries in March was 1675.00 yuan/ton on March 31, 1682.50 yuan/ton on March 1, with a monthly decline of 0.45%.

 

POLYVINYL ALCOHOL

Cost side: The crude oil market rose first and then fell in March, with a relatively stable performance in the first ten days. As of March 13th, international crude oil futures rose significantly, with a daily increase of nearly 3%. The main reason is that the US EIA inventory data is positive, coupled with Ukraine’s attack on Russian refineries, geopolitical tensions have pushed up the risk premium of crude oil. In the latter half of the year, the crude oil market experienced a slight decline due to the strengthening of the US dollar combined with an increase in US crude oil inventories.

 

Supply side: In March, the coking equipment of the refinery was gradually repaired, resulting in a decrease in the supply of petroleum coke for local refining, which is beneficial to the petroleum coke market; The sulfur content of petroleum coke in some refineries has changed, and the price of petroleum coke fluctuates with the increase of sulfur content; Imported petroleum coke continues to arrive at the port, leading to an increase in the storage of petroleum coke in the port.

 

On the demand side, the price of metal silicon slightly decreased in March, and the overall situation is in a downward cycle. According to the commodity market analysis system of Shengyishe, as of March 31, the reference price for the domestic 441 # metal silicon market is 14070 yuan/ton, a decrease of 6.2% from the beginning of the month and a decrease of 16.70% from the same period last year. In March, the fundamentals of silicon metal were in a state of weak supply and demand. Due to the downward trend in silicon prices, the production enthusiasm of silicon factories weakened, and the supply side continued to contract. The operating rates of factories in various regions remained low; Downstream also reduced procurement operations due to the decline in silicon prices, resulting in a bearish supply and demand situation leading to a price decline. At present, the support of metallic silicon for petroleum coke is still acceptable.

 

PVA 0599 (PVA BF05)

In March, the overall price of medium sulfur calcined coke increased, and some negative electrode factories began to purchase calcined coke one after another. The shipment of calcined coke improved, and currently, calcined coke enterprises are operating steadily, with relatively sufficient market supply.

 

In March, the production of electrolytic aluminum was relatively stable. Although there is an expectation of increased production in Yunnan, downstream consumption is gradually entering the peak season, and orders continue to recover. At present, social inventory is at a new low in the same period in recent years, and the trend of accumulated inventory is tending to end. As of March 28th, the inventory of electrolytic aluminum in the domestic mainstream market was 910000 tons, which is a cumulative inventory of 95000 tons compared to 815000 tons of electrolytic aluminum in the domestic mainstream market on February 29th; Compared to March 25th, the inventory of electrolytic aluminum in the mainstream domestic market was 913000 tons, with a destocking of 3000 tons. Downstream aluminum carbon enterprises have weak support for petroleum coke demand, with on-demand procurement being the main focus.

 

Market forecast: Currently, the coking equipment in refineries is undergoing maintenance, resulting in a decrease in the supply of petroleum coke for local refining, which is beneficial to the petroleum coke market; The speed of port petroleum coke dredging has accelerated, but imported petroleum coke will continue to arrive at the port, and the overall storage of petroleum coke in the port will increase. Overall, it is expected that the prices of refined petroleum coke in the near future will mainly consolidate.

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In March, the price of metallic silicon slightly decreased and was overall in a downward cycle. According to the Commodity Market Analysis System of Business Society, as of March 31, 2024, the reference price for the domestic 441 # metallic silicon market was 14070 yuan/ton, a decrease of 6.2% from the beginning of the month and a decrease of 16.70% from the same period last year. In March, the fundamentals of silicon metal were in a state of weak supply and demand. Due to the downward trend in silicon prices, the production enthusiasm of silicon factories weakened, and the supply side continued to contract. The operating rates of factories in various regions remained low; Downstream also reduced procurement operations due to the decline in silicon prices, resulting in a bearish supply and demand situation leading to a price decline.

 

PVA 0588 ( PVA BP05)

Supply side

According to data from Baichuan Yingfu, as of March 21st, the number of industrial silicon furnaces has decreased, mainly from the southwest region. Due to the heavy cost pressure faced by enterprises in the southwest region, their enthusiasm for starting production has weakened. There are 318 silicon metal furnaces in operation in China, with an overall start-up rate of 42.4%, a decrease of 7 furnaces compared to last week.

 

In terms of inventory, as of March 22, the overall industrial silicon inventory increased this week, with a social inventory of 365000 tons, an increase of 2000 tons compared to last week. Among them, the social ordinary warehouse accounted for 107000 tons, an increase of 2000 tons compared to last week, and the social delivery warehouse accounted for 258000 tons (including unregistered warehouse receipts), which remained unchanged compared to last week. Factory inventory: The trading situation in the spot market during the week was average, with some orders from silicon factories being delivered one after another, while most silicon factory inventory showed a slight increase.

 

Demand side

 

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In March, domestic polycrystalline silicon saw a slight decline. In March, polycrystalline silicon enterprises maintained normal production, but due to the decline in upstream industrial silicon prices, polycrystalline silicon also had to follow suit. At present, the consumption of industrial silicon by polycrystalline silicon continues to increase, and the ramp up of some new production capacity will bring incremental growth to industrial silicon consumption. However, polycrystalline silicon enterprises have not yet purchased a large amount of raw materials, and the demand for industrial silicon procurement needs to be released.

 

In March, the domestic organic silicon DMC market showed an overall trend of first rising and then falling. At the beginning of March, the atmosphere of the organic silicon market was positive, with many companies closing off and not reporting, and some manufacturers continuously raising their prices. Some organic silicon enterprises have plans to increase their load in the future, which may increase their demand for industrial silicon. However, the short-term procurement demand of organic silicon enterprises has not been clearly reflected. In mid to late March, due to the decline in industrial silicon prices, organic silicon also declined. We will continue to monitor the downstream delivery of organic silicon in the future.

 

In March, aluminum alloy prices fluctuated and stabilized. During this period, aluminum alloy enterprises started production steadily, and there was no increase in demand for industrial silicon temporarily

 

Future Market Forecast

On the supply side, there was not much change in supply in March, and silicon factories basically maintained their current production pace. However, as silicon prices continued to decline, silicon factory production actively weakened, and there was an expectation of a reduction in supply in April; In terms of demand, downstream enterprises are currently cautious in their procurement operations due to the continuous decline in industrial silicon prices, with on-demand procurement being the main focus. There is an expectation of growth in downstream demand for industrial silicon, and with the normal operation of the market, the demand for concentrated replenishment from downstream is expected to drive the market to recover. Overall, the supply and demand side of the metal silicon market in April may shift towards a stable situation of supply and demand reduction, with the fundamentals favorable for silicon prices. If there is a concentrated release of downstream procurement demand, market sentiment will be boosted. It is expected that silicon prices in April may stabilize first and then rise, with the possibility of a rebound after a decline.

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1、 Price trend

 

POLYVINYL ALCOHOL

According to the Commodity Market Analysis System of Business Society, the price of chlorinated paraffin has increased this month. On March 1st, the average market price of domestic chlorinated paraffin 52 was 5800 yuan/ton. On March 27th, the average market price of domestic chlorinated paraffin 52 was 5600 yuan/ton. This month, the market price of chlorinated paraffin decreased by 3.45%.

 

2、 Market analysis

 

In March, domestic chlorinated paraffin prices showed a weak decline. In early March, the price of chlorinated paraffin remained stable. Downstream on-demand procurement, market supply and demand balance, and acceptable transaction atmosphere. Chlorinated paraffin manufacturers maintain stable prices for shipments, with detailed discussions on actual orders. In mid March, the price of chlorinated paraffin decreased. Downstream procurement is cautious, with many low price transactions, limited market demand, and a light trading atmosphere. Chlorinated paraffin manufacturer’s quotation has been lowered. In late March, the price of chlorinated paraffin remained stable. Market observation is the main focus, while manufacturers and distributors prioritize stable price shipments. As of March 27th, the ex factory price of 52 environmentally friendly chlorinated paraffin in Anhui region is about 6000 yuan/ton, and the market price of 52 national standard chlorinated paraffin in Shandong region is about 5300-5800 yuan/ton.

 

PVA 0588 ( PVA BP05)

According to the weekly ups and downs from January 1, 2024 to March 18, 2024, it can be seen that the domestic chlorinated paraffin cycle saw mixed ups and downs. There was a significant decline in March, with the largest decline being -2.33% in the week of March 18th.

In terms of raw material liquid wax, the price of liquid wax has fluctuated and fallen this month. The market demand is stable, and the transaction atmosphere in the market is average. The price of liquid wax fluctuates according to the crude oil market. In terms of raw material liquid chlorine, the price of liquid chlorine has fluctuated and increased this month. The market demand is still acceptable, with downstream rigid procurement as the main focus, and detailed discussions on actual orders.

 

3、 Future Market Forecast

 

According to analysts from Business Society, the chlorinated paraffin market has been stabilizing recently. At present, there is still support on the cost side, downstream demand is stable, enterprises are actively shipping, and market stability is the main focus. It is expected that the market price of chlorinated paraffin will stabilize and operate in the short term.

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1、 Trend analysis

 

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According to monitoring data from Business Society, copper prices have been soaring since early March, with prices skyrocketing above 70000 yuan. In late March, they surged and fell back. As of the end of the month, the copper price at the beginning of the month was 68803.33 yuan/ton, and at the end of the month, the copper price rose to 71925 yuan/ton, with an overall increase of 4.54% and a year-on-year increase of 4.59%.

 

According to the current chart of the Business Society, copper futures prices in March were generally higher than futures prices, with the main contract being the expected price in two months. The overall copper price is bullish in the future.

 

According to LME inventory, LME copper inventory fell first and then rose in March. As of the end of the month, LME copper inventory was 117900 tons, a decrease of 2.86% compared to the beginning of the month.

 

Copper mine production reduction, copper smelting enterprises clustering to reduce production, supply side tightening, expectations of Fed rate hikes, and rising copper prices:

 

Copper mine production reduction

 

In recent months, there have been many reports of large-scale copper mines reducing production worldwide. As one of the largest copper mines in the world, the production of Escondida copper mine has been affected by the decline in mine grade and the drought in central Chile, leading to its start of production reduction. Furthermore, due to suspected unconstitutionality, the Panamanian government has ordered First Quantum Minerals to cease its operations at the Cobre copper mine in the country. In addition, Anglo American Group’s copper mines have also announced a significant reduction in copper production expectations. The production reduction measures of these large copper mines directly affect the supply to copper plants. China’s dependence on foreign copper concentrate is as high as 80%, which reduces its pricing power for copper. As a result, the reduction in copper production has led to a significant decrease in processing costs for the copper concentrate smelting process in China.

 

Copper concentrate processing fees TC/RC have fallen to a ten-year low

 

Due to the continuous decline in copper concentrate processing fees TC/RC and the loss of profits for smelters, industry expectations for production reduction are constantly strengthening. The current TC of copper concentrate is $15.29/ton, a significant decrease of 83.73% from the high point of $94/ton in September last year, which is the lowest point in nearly a decade. Under recent price levels, smelters are gradually experiencing increasing losses. If the smelter purchases spot copper concentrate for production, the current loss is about 1400 yuan/ton. If the smelter uses long single copper concentrate for production, the current profit is about 900 yuan/ton. The continuous decline in copper concentrate processing fees is due to the fact that the expansion rate of crude refining capacity in domestic copper smelters is greater than the supply rate of copper concentrate. It is expected that processing fees will continue to decline, possibly reaching negative numbers. Even domestic smelters undergoing maintenance may not be able to reverse the decline in processing fees.

 

Copper smelting enterprises hold a meeting to discuss production reduction in groups

Under the huge losses borne by copper concentrate smelters, copper smelting enterprises choose to reduce production in groups to cope. On March 13th, the China Nonferrous Metals Industry Association organized a symposium on copper smelting enterprises in Beijing, with 19 domestic copper smelting enterprises participating. At the meeting, these enterprises reached a consensus on adjusting the smelting production pace, strictly controlling the expansion of copper smelting capacity, and responding to the Self Discipline Convention of the China Nonferrous Metals Industry. And this directly represents that the supply side of domestic copper plants will experience a tightening rhythm in the future. Therefore, copper prices have started another wave of increase.

 

Expectations of Fed interest rate cuts raise copper prices:

 

Although the specific time for the Federal Reserve to cut interest rates in 2024 has not been determined, its entry into a rate cutting cycle is certain, and the March interest rate meeting also clearly conveyed a dovish attitude. The Fed’s interest rate cut has a significant impact on the entire commodity market.

 

Future influencing factors:

 

Lido:

 

Supply is expected to tighten

 

UBS stated that Chinese smelters will undergo larger scale maintenance in the second quarter of 2024, affecting production capacity of up to 3 million metric tons. They believe that processing and production without long-term contract constraints will lead to a tightening of copper supply, further triggering a surge in copper prices. And they also expect a global shortage of 7.3 metric tons in copper this year.

 

Growth in demand for new energy

 

As of the end of 2023, the proportion of copper consumption structure in China’s new energy industry has increased to 14%, becoming the third largest copper demand industry, second only to power generation and construction. Against the backdrop of the continuous increase in the market share of China’s new energy industry and the influx of new energy enterprises overseas, the demand for copper in China will continue to grow in the future.

 

PVA 0599 (PVA BF05)

Expectations of Fed rate hikes

 

The bullish sentiment towards the copper market in overseas markets remains strong, and investors’ expectations for the Federal Reserve’s interest rate cut in June continue to strengthen, which provides support for metal prices.

 

Negative:

 

Downstream real estate downturn

 

The proportion of copper consumption structure in the real estate industry is 19%. According to data, investment in real estate development in China decreased by 9.0% year-on-year from January to February this year; The sales area of newly-built commercial housing decreased by 20.5% year-on-year; The newly started residential area has decreased by 30.6%; The completed residential area has decreased by 20.2%; Residential sales area decreased by 24.8%. Overall, the sluggish real estate market has to some extent affected the demand for copper.

 

Downstream fear of heights intensifies

 

At present, downstream consumption of copper is relatively flat. Downstream demand is not as good as copper prices, and facing high pressure from processing factories, there are basically orders for on-demand procurement. The pressure on national treasury inventory remains high, and the spot market is weak.

 

Exploding enthusiasm and retreating

 

The news of production reduction by copper smelting enterprises is gradually being digested, and the scale and timing of the reduction are still unclear, making it difficult to determine the extent of the impact on production.

Based on the above situation, under the joint influence of multiple factors at home and abroad, copper prices have remained stable at a high level, and the industrial economy has also shown a positive development trend. However, as the second largest downstream pillar, the real estate market is sluggish, with weak demand and a serious fear of high prices in the downstream market. Only low-priced goods are available to suppress copper prices. It is expected that copper prices will mainly fluctuate at high levels in the short term.

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Price trend

 

PVA 1788 (PVA BP17)

Recently, the domestic ABS market has continued to maintain a strong trend, with spot prices of various brands increasing. According to the Commodity Market Analysis System of Shengyishe, as of March 22, the average price of ABS sample products was 12162.50 yuan/ton, with a price increase or decrease of+3.18% compared to the beginning of the month.

 

Cause analysis

 

In terms of supply: Recently, the domestic ABS industry has taken on the pattern of load reduction and adjustment in the early stage. The current operating rate is not high, and the maintenance of the PetroChina Jieyang unit has not yet resumed, further reducing the industry’s device load to around 56%. The operating rate of ABS aggregation enterprises is not high, and the market supply pattern remains tight. This week, both the weekly production and inventory of production enterprises have decreased. Overall, the supply side’s support for spot goods is still acceptable.

 

In terms of raw materials, the overall trend of ABS upstream three materials this week has been at a high level, with an increase in the acrylonitrile market. The price of raw material propylene has slightly increased, and the cost support for acrylonitrile is average; The overall supply of acrylonitrile units has tightened, but downstream products only maintain essential support for acrylonitrile; Overall, in the short term, the supply and demand of the acrylonitrile market are weak, and the market may become stagnant and consolidating.

 

Recently, the domestic butadiene market has been observing and adjusting. The continued rise in external prices has boosted market sentiment, but most downstream industries have inverted profits. The operating load of major downstream industries continues to decline, and the demand side is slightly weak and dragging. The overall performance of the butadiene market transaction center has slightly weakened.

 

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Recently, the market price of styrene has stabilized at a high level. The price of raw material pure benzene fluctuates, and the cost support for styrene is average. The supply pattern of goods is tight, and on-site inventory has decreased. At the same time, downstream enterprises have weak demand follow-up. It is expected that the styrene market will continue to consolidate in the short term.

 

In terms of demand: This week, the downstream factories of ABS’s main terminal showed average stocking enthusiasm. Previously, the increase in production scheduling in the home appliance industry was particularly significant, and the overall load of factories on the demand side increased, leading to an increase in demand purchases. But as ABS prices rise, buyers’ resistance to high-end sources of goods gradually becomes apparent. In the second half of the week, traders actively sold goods, with loose quotations and average support from the demand side for the market.

 

Future Market Forecast

 

Recently, the overall performance of the upstream three materials of ABS is still good, and the cost side of ABS is maintained. The operation of petrochemical plants continues to decrease, and the supply pressure is not significant. Due to the increase in ABS prices on the demand side, some buyers have been affected to enter. Merchants engage in price reduction shipping operations. Currently, there is a mutual exchange of long and short positions in ABS, and the ABS market may remain strong in the short term due to the impact of low supply.

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1、 Price trend

 

According to the Commodity Market Analysis System of Business Society, the average market price of chlorinated paraffin 52 in China was 5766 yuan/ton on March 15th. On March 21st, the average market price of chlorinated paraffin 52 in China was 5600 yuan/ton. This week, the price of chlorinated paraffin decreased by 2.89%.

 

2、 Market analysis

 

The market price of chlorinated paraffin has fallen this week. This week, the price of raw material liquid chlorine fell first and then rose, while the price of raw material liquid wax increased, providing support in terms of cost. Downstream procurement is cautious, with many low price transactions, limited market demand, and a light trading atmosphere. The quotation of chlorinated paraffin manufacturers has been lowered, and the actual order will be discussed in detail. As of March 21st, the ex factory price of 52 environmentally friendly chlorinated paraffins in Anhui region is about 6000 yuan/ton, and the market price of 52 national standard chlorinated paraffins in Shandong region is about 5300-5800 yuan/ton.

 

In terms of raw material liquid wax, the price of liquid wax has continued to rise this week. The current market trend is improving, with liquid wax fluctuating with the crude oil market. In terms of raw material liquid chlorine, the price of liquid chlorine has first decreased and then increased this week. The market transaction atmosphere is improving, and the market trading is still acceptable, with real order negotiations being the main focus.

 

3、 Future Market Forecast

 

Business Society’s chlorinated paraffin analyst believes that the chlorinated paraffin market has been weak recently. At present, there is still support on the cost side, and the demand side needs to be released. The market has a cautious wait-and-see mentality. It is expected that the market price of chlorinated paraffin will consolidate in the short term.

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