Paraffin wax Prices, markets & analysis
ICIS offers trusted and reliable market intelligence for those buying or selling Paraffin wax or related products in the global Paraffin wax market.
Our reporters across Asia, Europe and the US keep in touch with local markets, bringing you price assessments, in-depth news and analysis which you can rely on to guide you in your commercial decisions.
Our editor gives their expert view
Paraffin wax Overview Transcript
There are many uses for paraffin wax from cosmetics through to packaging. However the production of candles is by far the largest consuming sector for paraffin wax.
Paraffin wax is derived from slack wax, a by-product of Group 1 Base Oil production and is classified according to oil content, melting point and the amount of processing put in. There is little investment in Group 1 Base Oils production because of shifting global demand patterns.
Moreover paraffin wax faces challenges from possible natural alternatives such as soy and palm oil.
The price of paraffin wax can be influenced by upstream factors such as crude oil price fluctuations. In addition, demand for paraffin wax and candles can be influenced by wider economic concerns. These challenges along side the global nature of the business make it a complex market place.
Anyone involved in the paraffin wax business who wants to understand what is happening should read the ICIS report .
How we can help
Paraffin wax news and market information products from ICIS
We offer the following regional Paraffin wax analysis and news coverage to keep you informed of factors and developments affecting prices in the Paraffin wax marketplace.
Price Reporting – More information about the price reports we publish on Paraffin wax
Independent price assessments and market coverage by region
Price History – More information about the historical price data we publish on Paraffin wax
Track historical price data
News & analysis
News & Analysis - News & market analysis specifically relating to Paraffin wax
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Paraffin wax: Market overview
Updated to Q3 2014
US fully-refined paraffin wax prices for meltpoints at 125-
Asia’s paraffin wax prices face downward pressure in the third quarter. Recovery in wax demand is slower than expected due to a sluggish global economy, while China’s domestic demand was unable to digest the increased supply from major domestic refineries after their turnarounds in Q2. Industry players are anticipating better demand this quarter as candle manufacturing begins for the Christmas season.
In Europe, prices for fully refined paraffin wax with melting point 56-
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Paraffin Wax Methodology
About Paraffin wax
Paraffin waxes are classified according to oil content, melting point, and the amount of processing put in. At room temperature paraffin wax can be found in a solid state, when it reaches 37°C and above the wax will begin to enter a liquid phase.
At the simplest level, slack wax, a byproduct of base oil refining, is the feedstock from which different grades of more sophisticated waxes are produced. Fully refined waxes are white, odourless and tasteless, and have less than 0.5% oil content.
They are widely used for candle making and in the packaging industry as wax coatings for paper, film and foil substrates including corrugated board, cups and container. Waxes are marketed in either liquid or solid state.
Other common uses are for corrugated boxes, waxed papers, frozen food cartons and wrappers, paper cups, candles, cosmetics, rubber antioxidants, lumber end seal, adhesives, protective coatings, food additives, cheese dipping, crayons, moisture barriers, polishes, modelling clay, plus many others.