Paraffin Prices, Trends & Forecasts | Provided by Procurement Resource

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Paraffin (CnH2n+2) is a type of hydrocarbon that appears to be colourless or white with a waxy consistency. It is made from petroleum and usually comprises long chains of carbon and hydrogen atoms. It typically works as a source of fuel and lubricant. It has a soft texture. Its respective flashpoint is 200–240 °C (392–464 °F; 473–513 K).

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The top exporters of paraffin wax are China, UAE and Iran while it stopped importers are The United States, India and Netherlands.

Key Details About the Paraffin Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Paraffin price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The Paraffin Price Trend, including India Paraffin price, USA Paraffin price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Paraffin Price Trend:

The demand for paraffin is skyrocketing due to the heavy demand for candles all over the world. As it is widely used for making candles, its demand is propelling. In the packaging industry, it is used to make cardboard boxes and paper bags. These products are also in high demand due to the rising prevalence of the e-commerce industry and online shopping, which in turn boosts the demand for paraffin wax. Also, in the personal care industry, it is an ingredient in various products such as lip balms, skin moisturizers, and hair styling products, among others. As a result, the rising demand for personal care products also gives rise to the demand for paraffin.

Key Players:

  • Paraffinwaxco, Inc.
  • Sinopec
  • PetroChina Company Limited
  • Chennai Petroleum Corporation Limited
  • Numaligarh Refinery Limited
  • UNICORN PETROLEUM INDUSTRIES PVT. LTD.

News & Recent Development

  • June 28, 2023- Chlorinated paraffin price slightly increased, settling at 5,283 RMB/ton, higher by 0.32% compared to the start of the month.

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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

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