Chinese Paraffin Wax Market Review In Jan 2018

In January, the price of paraffin wax in the refinery was steady and small, and the current mainstream model 58# half price was at RMB6866.25 yuan/ton, up 0.73 percent month-on-month, and 1.22% year-on-year.At the end of the month, the main refinery paraffin inventory was around 140,000 tons, down 25.5% from the previous month.This month the paraffin market has a strong atmosphere, the refinery resources continue to be tight, the shipment is smooth, and the downstream goods are positive.It is expected that the price will be stable before the Spring Festival in February.