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Paraffin wax news and market information products from ICIS
We offer the following regional Paraffin wax coverage to keep you informed of factors and developments affecting prices in the Asia Paraffin wax marketplace.
Price Reporting – More information about the price reports we publish on Paraffin wax
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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.
The outlook for paraffin wax remains steady amid unchanged market fundamentals. Demand is limited to usual usage in the candle-making and water-proofing industries. These markets are seeing steady demand for the next quarter because there is no seasonal pick-up. An uptick in demand is expected in the third quarter of the year.
Demand typically improves significantly in the third quarter, when candle-makers start buying paraffin wax cargoes to prepare for the Christmas holidays. Prices are expected increase during that quarter.
With base oil production steady in China, the largest exporter of paraffin wax, no supply shortages are expected this quarter. The market looks set for healthy supply and demand next quarter.
Updated to mid-February 2013
ICIS produces a weekly paraffin wax report that contains mainly export prices from China.
Chinese refineries are the world’s largest suppliers because of the high wax content of their crude feedstock.
Producers, consumers and traders have an interest in this information as it reports market conditions. It is used as a reference, particularly in Asian offers to deep sea regions such as the US.
The market is spot-driven and the main price drivers are Chinese supply. Bulk liquid exports move from China to the US and Europe. Solid paraffin wax, in the form of slabs, is exported to the rest of the world.
However, details of transactions, bids or offers, and demand and supply fundamentals of other wax origins, like Taiwanese or Japanese wax, are also mentioned.
It is the only English language paraffin wax report on Asia prices. Our subscribers use it to obtain objective and timely information that helps them to improve business decisions.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Paraffin wax. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Paraffin wax, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.