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Home Commodities Chemicals Paraffin-wax Paraffin wax prices, markets & analysis

Paraffin wax prices, markets & analysis

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ICIS offers up-to-date reliable pricing information on the Paraffin wax market weekly in Asia, Europe and the US. Our comprehensive reports cover domestic and spot price assessments while commentary gives an overview detailing the factors that influence price moves.

If you are involved in this industry, you can use our news and analysis to help support those vital business choices.

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Market Overview

Updated to Q1 2017

The first quarter is likely to be a quiet trading period for the paraffin wax market. Price levels are expected to be largely stable across different regions.

US paraffin wax supply and demand weer balanced in the fourth quarter of 2016 and this may be sustained into the first quarter of 2017, with Chinese wax imports as a key factor in maintaining supply balance. Moreover, earlier expectations of the closure of ExxonMobil’s Beaumont, Texas, Group I base oil and wax facility did not materialise.

Europe’s market players suggest that import prices from China are on the rise and this could make those volumes less attractive. As a result, some players believe demand for domestic material could increase.

Asia’s trade is likely to remain slow in the near term. In key export market China, offtake may be limited in January ahead of the Lunar New Year festivities. Market participants are expecting more discussions to take off from mid-February.

On the whole, the use of alternative waxes such as soy wax and palm wax is increasing. Some large candle manufacturers have also made production changes that minimise seasonal effects.

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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

    • Asia
    • Europe
    • US

Price history

  • More information about the historical price data we publish on Paraffin wax
    Track historical price data

    • Asia
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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.
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Pricing Intelligence

Pricing information

Regional price assessments, published daily or weekly, enabling you to keep track of trading prices, understand price drivers/fluctuations and set a benchmark for contract price settl ements. ICIS offers reports on over 180 commodities across the global petrochemical, energy and fertilizer markets. Information covered in our price reports includes:

  • Spot and contract price assessments
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Information is accessed online, via the ICIS dashboard service and is configurable to suit your preferences.

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Price forecast services

Produced by the ICIS Consulting team, these reports give a robust rolling 12-month price forecast, trade balances and in-depth analysis into where markets are heading – providing a valuable tool to support your short- to medium-term plans.

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ICIS pricing intelligence is delivered to you online via the ICIS dashboard. Here you can view your reports and also access other useful services including related news, analysis, historical data and market alerts.

ICIS dashboard also makes it easy for you to create pricing charts, download price history and export data to create tailored analytical models.

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Margin reports

ICIS weekly margin reports deliver the detail you need to understand how production costs and prices are affecting margins, enabling you to judge the likely impact on your business and optimise your upstream and downstream business decisions.

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The Supply and Demand Window on the ICIS Dashboard provides a snapshot view of historical and forecast information for supply and demand, production capacity and trade flows – a key tool to help safeguard future investments within the chemicals market.

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24-hour global coverage of breaking news in the petrochemical industry, including updates on production, shutdowns and key transacted deals, keeping you informed of market developments as they happen. The ICIS news service allows you to customise the market alerts delivered to your email inbox, providing the business-critical information you need straightaway.

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If you want to keep updated on the factors driving price movements in the global chemical markets, ICIS Chemical Business provides a summary of the information you need to support your business decisions. Every week, our global team of experts digests and summarises the key issues and their potential impact on the market – all in one magazine.

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An expert view of supply and demand comprising four fully-reconciled databases, giving you access to extensive data for more than 100 markets. Information is included on global and regional trade flows, production, capacity and sources of demand in the short-, medium- and long-term. Data can be downloaded, customised and queried to support your planning requirements and your strategic decisions.

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Analytics tools for MPG include:

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ICIS provides specialist training courses across the global petrochemicals, base oils and fertilizers industries. Our training team of industry experts can help you increase your knowledge of the industry and gain the insight and know-how needed to operate and trade effectively.

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ICIS produces a series of highly informative and timely conferences. Extensive research is carried out to ensure that each programme delivers the information you need and addresses current industry issues. We source speakers who have the appropriate expertise and experience to deliver excellent quality papers.

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Working closely with you to understand your strategies, challenges and ambitions, the ICIS consulting team deliver tailored advice and solutions to suit your unique requirements. With many years’ experience of guiding business leadership teams, we show you how market conditions can make a positive or negative impact on your long-term plans.

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China markets

ICIS expert consultants can provide your organisation with the insight, intelligence and data needed to build and grow your business in China. We can help you to gain a clear view on the short and long-term supply and demand picture in the chemicals, energy, iron and steel, non-ferrous metals and paper and pulp markets in China.

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Methodology

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.

Paraffin Wax Methodology

Paraffin waxes are classified according to oil content, melting point, and the amount of processing put in.

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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.

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News

Asian petchem shares mostly lower after US-China phase 1 trade deal
Mon, 16 Dec 2019 04:42

SINGAPORE (ICIS)--Asian petrochemical shares were mostly trading lower on Monday, along with crude oil prices, as uncertainty over finer details of a phase one trade deal between the US and China...

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Asia top stories - weekly summary
Mon, 16 Dec 2019 01:00

SINGAPORE (ICIS)--Here are the top stories from ICIS News Asia and the Middle East for the week ended 13 December 2019. Asia naphtha draws support from H2 Jan demand; premiums up Asia’s naphtha...

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US, China to suspend 15 Dec tariffs, US to cut other duties
Fri, 13 Dec 2019 19:00

HOUSTON (ICIS)--The US and China have agreed on Friday to suspend a new round of tariffs that they had planned to impose on each other on 15 December. In addition, the US will lower tariffs to 7.5%...

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TOPIC PAGE: Ukrainian gas transit negotiations
Fri, 13 Dec 2019 18:03

LONDON (ICIS)--Ukraine and Russia are locked in high-stake negotiations over the transit of gas that could change the supply dynamics to Europe and Turkey from 1 January 2020. While Ukraine would...

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