ICIS publishes pricing information which you can use in settlements and contracts in order to optimise your deals and negotiations.
Our information is gathered by locally based reporters, giving unrivalled coverage of regional markets.
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.
We offer the following regional Paraffin wax analysis and news coverage to keep you informed of factors and developments affecting prices in the Asia Paraffin wax marketplace.
News & analysis
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:
Information is accessed online, via the ICIS dashboard service and is configurable to suit your preferences.
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.
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.
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.
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.
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.
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.
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.
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.
Find out more about ICIS training courses >>
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.
Find out more about ICIS conferences >>
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.
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.
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 waxes are classified according to oil content, melting point, and the amount of processing put in.
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.