Semi-refined paraffin wax prices soften on Poland/Belarus border

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)

By: Carl Roache
+44 20 8652 3214

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