the review of paraffin market in April
- May 02, 2018 -

Raw material market: next month oil price is easy to rise hard to fall, big probability to achieve rise.At present, the market of paraffin wax is light, the raw material market will bring some positive support.

Market supply: the current refinery inventory is high and the domestic market resources are sufficient.In the aspect of equipment operation, gaoqiao petrochemical is in the maintenance period, and the other refinery units are running smoothly.

Downstream demand: the current stock of traders has declined significantly, and there is a purchase intention.As refinery policy is clear and planned, market demand may improve at the beginning of the month, but it will still be dominated by fresh demand.

Market mentality: the market is still in a state of mind-boggling, and merchants are still waiting to focus on refinery policy changes.The raw material market price up, the market mentality has a certain boost to use.

Viewpoint: the impact of the holiday, the paraffin market trading or suppression.After the festival, the market has become more or less open.However, the terminal demand is still difficult to improve and the market is limited.