15 August 2012 23:59 [Source: ICIS news]
LONDON (ICIS)--Semi-refined paraffin wax prices have increased €20/tonne ($25/tonne) this week on the Poland/Belarus border, because of increasing demand, market sources said on Wednesday.
Buyers have started to prepare for the traditional high season, starting in September, boosting paraffin wax and slack wax offtake.
One trader said prices had climbed to $1,070-1,080/tonne CPT (carriage paid to) Poland/Belarus border, because of rising demand amid supply restrictions.
However, this level of pricing was not widely confirmed.
An eastern European producer said prices were nearer €820-830/tonne CPT, but also noted rising demand.
Semi-refined paraffin wax prices were assessed up €20/tonne to €820-840/tonne CPT Poland/Belarus border by ICIS.
($1 = €0.81)
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