paraffin wax Pricing Assessment

Name: Paraffin Wax Price Trend, Analysis and Forecast
Creator: PriceWatch
Published: 2025-02-12T06:41:28+00:00
License: https://www.price-watch.ai/privacy-policy/

Markets Covered:

China

Germany

United States

India

Mexico

Vietnam

France

Paraffin Wax Price Trend, Analysis and Forecast

In Q1 2024, prices of fully refined paraffin wax in major exporting countries in the APAC and European regions showed a slight decreasing trend of around 2-3% compared to Q4 2023. This fluctuation during early 2024 could be attributed to various global factors, such as increased supply, decreased demand in the automotive, textile, and pharmaceutical industries, as well as seasonal variations and economic conditions. Additionally, this bullish price trend was also witnessed in major importing countries, including India, USA, Mexico, Netherlands and Vietnam.

In Q2 2024, fully refined paraffin wax prices in major exporting countries like China and Germany experienced fluctuations compared to Q1 2024. These fluctuations could be attributed to recovering demand from key industries such as automotive, textiles, and pharmaceuticals, alongside potential supply constraints and fluctuating production costs. This bullish price trend was also observed in major importing countries, including India, USA, Mexico, Netherlands, and Vietnam. Market dynamics often led to price adjustments as demand stabilized and suppliers responded to changing market conditions.

In Q3 2024, prices of paraffin wax are experiencing a downward trend across all exporting countries in the APAC and European regions compared to Q2 2024. This bearish price movement is also reflected in major importing countries, including India, USA, Mexico, Netherlands, and Vietnam. The decrease in paraffin wax prices is attributed to several key factors, including increased supply due to rising production capacity, which leads to greater market availability.

Paraffin wax prices are projected to rise moderately in Q4 2024, influenced by a combination of factors. Increasing crude oil prices are directly affecting production costs, while demand continues to recover across various industries, particularly in packaging, cosmetics, and candle manufacturing. Additionally, potential supply chain disruptions, including logistical challenges and production constraints, may exacerbate the tight supply situation. Environmental regulations and a shift toward sustainable alternatives could also play a role in market dynamics, leading to further price volatility. Overall, these elements are likely to sustain an upward trend in paraffin wax prices as we approach the end of 2024.

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is your trusted resource for tracking global paraffin wax price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the paraffin wax market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, keeps you fully informed of market dynamics.

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Track 's paraffin wax price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Historically, several events have caused significant fluctuations in paraffin wax prices

Oil Price Crash (2015): A significant decline in crude oil prices led to reduced production costs for paraffin wax, causing prices to drop.
Supply Chain Disruptions (2016): Regional conflicts and geopolitical tensions affected oil supply chains, causing temporary price spikes in paraffin wax.
Increased Demand (2017): Rising demand in the packaging and cosmetics industries, particularly in Asia, contributed to higher paraffin wax prices.
Trade Tariffs (2018): Implementation of tariffs between the USA and China led to increased costs and price fluctuations due to supply chain adjustments.
Environmental Regulations (2019): Stricter environmental regulations in Europe increased production costs for paraffin wax, leading to price Fluctuate.
COVID-19 Pandemic (2020): The pandemic caused a significant drop in demand in some sectors, leading to price volatility as manufacturers adjusted production.
Supply Chain Issues (2021): Ongoing disruptions due to COVID-19, including shipping delays and raw material shortages, resulted in increased paraffin wax prices.
Energy Crisis (2022): The global energy crisis, exacerbated by geopolitical tensions (such as the Russia-Ukraine conflict), led to soaring energy costs and higher paraffin wax prices.
Sustainability Initiatives (2023): A push for greener alternatives and sustainable production methods in Europe and North America Fluctuates pricing as companies adapted to new regulations.
Market Recovery (2024): As global economies began to stabilize post-pandemic, fluctuating demand in various industries contributed to downward pressure on paraffin wax prices.

These events underscore the Paraffin Wax market’s vulnerability to global disruptions and highlight the need for continuous monitoring of supply-demand dynamics.

Methodology and Specifications

paraffin wax Pricing Assessment Research Methodology

Data Collection and Sources

Real-Time Market Data: PriceWatch aggregates real-time pricing data from a diverse range of sources, including global commodity exchanges, industry reports, and proprietary databases. This ensures that our assessments reflect the most current market conditions.

On-the-Ground Intelligence: Our team gathers insights directly from key market participants, including producers, suppliers, traders, and end-users, across major Paraffin Wax production hubs. This ground-level intelligence is crucial for understanding localized market dynamics.

Supply Chain Monitoring: We track the entire Paraffin Wax supply chain, from raw material availability (e.g. Slack wax) to production and distribution channels. This includes monitoring feedstock prices, production capacities, and transportation logistics.

Event Tracking and Impact Analysis

Geopolitical Tensions: PriceWatch continuously monitors global geopolitical developments, such as conflicts or trade disputes, which can significantly impact Paraffin Wax prices. Our analysis includes potential disruptions to supply chains and their immediate and long-term effects on pricing.

Natural Disasters and Climate Events: We assess the impact of natural disasters, such as hurricanes or winter storms, on Paraffin Wax production facilities, particularly in vulnerable regions. These events are factored into our price forecasts and supply outlooks.

Economic Shifts: PriceWatch evaluates macroeconomic trends, including global economic growth, inflation rates, and sector-specific demand (e.g., automotive, packaging), to predict shifts in Paraffin Wax demand and corresponding price movements.

Production Capacity and Supply Analysis

Current Production Monitoring: We maintain a comprehensive database of global Paraffin Wax production facilities, tracking their operational status, maintenance schedules, and output levels. This allows us to assess current supply availability accurately.

Future Capacity Projections: Our research includes detailed forecasts of upcoming Paraffin Wax production capacities, factoring in new plant constructions, expansions, and technological advancements. This helps in predicting future supply trends and potential price stabilization.

Demand Forecasting

Sectoral Demand Analysis: PriceWatch provides in-depth analysis of demand trends across key sectors, including packaging, automotive, and construction. We track year-on-year demand growth and project future consumption patterns based on economic indicators and industry developments.

Global Demand Dynamics: Our methodology considers regional demand variations and how they influence global Paraffin Wax pricing. This includes understanding the impact of shifts in manufacturing bases, trade policies, and environmental regulations.

Pricing Model Development

Dynamic Pricing Models: PriceWatch utilizes advanced econometric models to forecast Paraffin Wax prices, incorporating real-time data, historical trends, and projected market conditions. Our models are continuously refined to enhance accuracy and predictive power.

Scenario Analysis: We conduct scenario-based assessments to evaluate potential future market conditions. This includes best-case, worst-case, and most likely scenarios, helping our clients prepare for a range of market outcomes.

Reporting and Client Support

Comprehensive Reports: Our clients receive detailed reports that include current price assessments, future price forecasts, and in-depth analysis of market drivers. These reports are designed to be actionable, providing clear insights and recommendations.

Ongoing Support: PriceWatch offers continuous updates and personalized support to our clients, ensuring they have the most up-to-date information to make informed decisions. Our experts are available to discuss specific market developments and provide tailored advice.

This research methodology ensures that PriceWatch delivers the most accurate, timely, and actionable Paraffin Wax pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.

Specifications

Molecular Weight[g/mol]

between 300 and 550

CAS No

8002-74-2

HS Code

27122000

Molecular Formula

CnH2n+2 (where, 20 ⩽ n ⩽ 40)

paraffin wax

Paraffin wax is a white, odorless, and tasteless solid derived from petroleum. It is a highly refined hydrocarbon with a melting point typically ranging from 46 to 68°C. Widely used in various industries, paraffin wax is commonly utilized in candle making, cosmetics, and pharmaceutical products. It also serves as a coating material for food and pharmaceuticals, providing moisture protection and extending shelf life. Additionally, paraffin wax is used in packaging, rubber, and textile industries for its lubricating and insulating properties. Its versatility, low cost, and ease of use make it a popular choice in diverse applications.

Packaging Type

25 kg bags

Grades Covered

[ 58-60 °C (China)], [ Pastilles (Germany)]

Incoterms Used

FOB Dalian (China), FOB Hamburg (Germany), FD Le Havre (Netherlands), CIF Houston (USA), CIF Manzanillo (Mexico), CIF Haiphong (Vietnam), CIF Nhava Sheva (India)

Synonym

Petroleum Wax

Quotation Terms:

25-28 MT (Global), 10-15 MT (India)

Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.

Properties	Specifications
Melting point (°C)	58-60 °C
Oil content (%)	0.8 % max
Color no.	+ 27
Light stability	4 max
Odor no.	1 max
Needle penetration (25°C) (1/10mm)	19 max

Applications

Paraffin wax, a versatile hydrocarbon material derived from petroleum, is widely used in various applications due to its excellent properties, such as water resistance and thermal stability. One of its major applications is in the candle industry, where it serves as the primary ingredient for creating long-burning and evenly melting candles. Additionally, paraffin wax is employed in food packaging, as it creates a moisture barrier to extend shelf life, and in cosmetics, where it is used for its emollient properties in creams and lotions. Its utility also extends to industrial applications, including lubrication and sealing, making it a staple in both consumer and commercial products.

Disclaimer

Paraffin Wax price provided by is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for paraffin wax. disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

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Frequently asked questions

What are the key drivers of paraffin wax pricing fluctuations? +

Paraffin wax pricing fluctuations are primarily driven by factors such as crude oil prices, production costs, and demand cycles. Seasonal variations, especially during holiday seasons when demand for candles and packaging increases, can also impact prices. Additionally, changes in regulations and environmental policies affecting production can lead to cost adjustments. Staying informed about these drivers helps procurement heads make strategic purchasing decisions.

How can geopolitical events impact paraffin wax pricing? +

Geopolitical events can significantly affect paraffin wax pricing by disrupting supply chains and impacting oil production. Political instability in oil-producing regions can lead to supply shortages, causing prices to rise. Additionally, trade tariffs and sanctions can alter import costs, influencing overall market prices. Procurement heads should monitor global news and geopolitical developments to anticipate potential pricing shifts and adjust procurement strategies accordingly.

What role do sustainability practices play in the pricing of paraffin wax? +

Sustainability practices increasingly influence the pricing of paraffin wax. Suppliers that adopt eco-friendly production methods may have higher costs, which can be reflected in pricing. As consumers and industries push for more sustainable products, the demand for bio-based or recycled paraffin wax alternatives is growing. Procurement heads should consider sustainability certifications and practices when evaluating suppliers, as these can impact both price and long-term supply reliability.