Demand is unusual in the off-season, and exports of paraffin and candles hit a new high

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It can be seen that the export volume from March to May accounted for a relatively high proportion. According to Zhuo Chuang’s statistics, the output of paraffin wax from January to May was 604,300 tons, and the export volume was 330,500 tons, accounting for 54.69% of the total output, making the overall refinery inventory in The low level, and even the export resources are tense, creating a situation where the off-season is not short. It is reported that the main reason for the current good export is: Affected by the epidemic, foreign paraffin production has not been restored, and the supply has decreased, which has led to the whole world to buy Chinese products.

The domestic paraffin wax market experienced a low season in May-June. Although domestic demand began to shrink in April, the export of paraffin wax and candles remained high, especially after the resumption of production at Fushun Petrochemical, which still maintained low inventory and even resources. tense situation. International oil prices rose to above 70 US dollars, contributing to the high level of paraffin prices and pushed up slightly. It is expected that under the situation of relatively balanced supply and demand in the domestic market, paraffin prices will maintain the main theme of continued stability.

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