19 June 2013 23:59 [Source: ICIS news]
LONDON (ICIS)--Semi-refined paraffin wax prices declined €5/tonne ($6.7/tonne) on the Poland/Belarus border this week, amid imbalanced supply/demand, market sources said on Wednesday.
An eastern European wax supplier talked of trying to keep its prices steady, despite a slight oversupply of material.
However, lower offers were also heard amid ample availability.
“There is a lot of supply at this moment, from many directions,” said a Polish buyer.
Demand is steady, but supply is understood to be outweighing it at present.
Prices fell by €5/tonne at the high end this week to €800-820/tonne CPT (carriage paid to) Poland/Belarus border, as assessed by ICIS.
This follows a similar decline last week.
($1 = €0.75)
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