NPRA '08: Americas wax takes heat from housing

30 March 2008 19:43  [Source: ICIS news]

SAN ANTONIO, Texas (ICIS news)--Demand for paraffin wax (p-wax) from the building industry has fallen by more than 50% due to the weak US housing market, a wax producer said on Sunday.

The oriented strand board (OSB) market has nosedived in 2008 as several mills have been closed or curtailed operations due to weak demand, the producer said on the sidelines of the 33rd National Petrochemical & Refiners Association (NPRA) meeting.

The drop in new construction activity in the US has weakened demand for OSB, the seller said. P-wax is added in the manufacturing process to improve the board’s resistance.

Ainsworth Lumber announced in February it would curtail operations at its Canadian OSB mills in Alberta and British Columbia due to reduced customer demand.

The wax producer said steady demand from packaging and candle sectors was making up for the loss in demand from construction markets.

Major North American wax sellers include IGI, ExxonMobil, Citgo and Calumet.

For more on p-wax visit ICIS chemical intelligence

By: Heather McGuire Doyle
+1 713 525 2653

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly