1、 Price trend
According to the monitoring data of the business agency, the average ex factory price of domestic grade-I chlorinated paraffin 52 on March 23 was 4950 yuan / ton, and the average ex factory price of domestic grade-I chlorinated paraffin 52 on March 24 was 4866 yuan / ton, down 1.68% per day. On March 24, the commodity index of chlorinated paraffin was 72.46, down 1.24 points from yesterday, 33.78% from the highest point of 109.43 (2013-12-03), and 13.48% higher than the lowest point of 63.85 on September 26, 2016. (Note: cycle refers to 2012-06-01 to now)
2、 Market analysis
Products: at present, chlorinated paraffin enterprises have resumed work. The ex factory quotation of chlorinated paraffin 52 in Jiangsu Province is 4600-5000 yuan / ton, that of chlorinated paraffin 52 in Hebei Province is 3700-4500 yuan / ton, and that of chlorinated paraffin 52 in Henan Province is 4000-5300 yuan / ton. The ex factory quotation of chlorinated paraffin 52 in Northeast China is 4300-5300 yuan / ton. The ex factory quotation of chlorinated paraffin 52 in Shandong Province is about 3800-4800 yuan / ton. The ex factory quotation of chlorinated paraffin 52 in Northwest China is about 4800-5400 yuan / ton.
International crude oil: WTI’s may 2020 futures rose $0.65 per barrel on Tuesday (March 24), while Brent’s may 2020 futures rose $0.12 per barrel at $27.15. China’s SC crude oil futures main contract rose 17.2 yuan / barrel to 258.5 yuan / barrel in 2006
Industry chain: the market of raw material liquid wax is stable, and the market is mainly stable. Downstream manufacturers purchase as required. The liquid chlorine market is generally stable, and the price in Shandong is slightly increased. The overall liquid chlorine market fluctuates, mainly in narrow range.
Industry: according to the price monitoring of the business agency, there are 8 kinds of commodities in the rise and fall list of bulk commodity prices on March 24, 2020, including 1 kind of commodity with a rise rate of more than 5%, accounting for 1.1% of the number of commodities monitored in the plate; the top 3 commodities are formic acid (17.09%), nitric acid (3.23%) and liquid ammonia (0.51%). There are 21 kinds of commodities falling on a month on month basis, and 6 kinds of commodities falling by more than 5%, accounting for 6.9% of the number of commodities monitored in this sector; the top 3 products falling are isopropanol (- 32.92%), PX (- 9.09%) and DOP (- 7.50%). The average price of this day was – 0.84%.
3、 Future forecast
Analysts of chlorinated paraffin of business association think that the market of chlorinated paraffin is facing many difficulties at present, and the pressure of reducing load and production is increasing. The atmosphere in the venue is light and the trading atmosphere is general. It is expected that the market of chlorinated paraffin will be weak in the later period.