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the current paraffin market situation 4/16

Supply side: the current refinery and social stock are adequate, and the other refinery units are running smoothly except for maintenance of Gaoqiao Petrochemical.in a whole, the paraffin market supply is stable.

The demand side: the downstream operating rate is insufficient, the market is limited, the demand is continuously depressed.As a whole, the market demand of paraffin wax has been weak recently.

Outlook on the market: recently, the market price of paraffin has decreased, and the market uncertainty has increased.it predicts that the paraffin market will hold steady in the near future, and the standoff between supply and demand will continue.

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