English 
日本語 
français 
Deutsch 
Español 
italiano 
português Search
The domestic paraffin wax market remained stable in terms of transactions. Some Sinopec refineries slightly increased their paraffin wax prices today, while PetroChina refinery listed prices remained unchanged. The overall market continues to show a pattern of strong supply and weak demand. Although refineries have signaled potential price hikes, the transmission effect on the demand side remains limited.
Downstream traders have shown increased inquiry activity, but their stocking willingness remains weak due to cautious market expectations. From the transaction perspective, price negotiation levels have become somewhat disorderly. For certain products, the actual transaction margins have narrowed compared with the previous weekend, indicating insufficient end-user support for higher prices. The market remains primarily driven by rigid demand-based purchasing.
The paraffin wax market is expected to remain quiet and steady in the near term. The main influencing factors are as follows:
Cost:
The market continues to monitor developments in the U.S.–China trade dispute. If tensions ease, combined with ongoing concerns about supply disruptions in Eastern Europe and other regions, the crude oil market could see short-term support and consolidation. However, overall sentiment remains cautious due to persistent concerns over global economic growth. Rising production levels and expectations among oil-producing countries, along with anticipated increases in U.S. crude inventories, continue to exert downward pressure. With limited positive news, oil prices face potential downside risks in the fourth quarter.
Supply:
Refinery operations are gradually recovering, while other facilities are running steadily.
Market Sentiment:
With a strong supply–weak demand dynamic, traders’ outlook for the market remains uncertain and conflicted.
Substitute Products:
Today, domestic Fischer–Tropsch wax prices remained stable, with an ongoing supply–demand stalemate. While traders showed a moderate increase in inquiries and restocking activity, demand-side transmission remained below expectations, and most transactions were limited to replenishment for immediate needs. Feedstock prices fluctuated within a narrow range. The stearic acid market lacked strong drivers, remaining broadly stable, while palm oil prices also saw limited movement with producers maintaining a wait-and-see attitude.
The paraffin wax market continues to experience a tug-of-war between supply and demand. Although refineries have signaled potential price increases that boosted trader sentiment, actual downstream follow-up remains moderate, and stocking enthusiasm is limited. Transaction negotiations remain disorganized. With production facilities gradually resuming operations, the supply of fully refined paraffin wax is stabilizing, and traders’ replenishment willingness has improved.
In a market defined by cautious sentiment and shifting supply–demand dynamics, securing a dependable partner is key to maintaining stability. KH Honor Wax offers consistent product quality, flexible logistics, and up-to-date market insights to help you make informed procurement decisions. Contact us today to discuss tailored paraffin wax solutions for your business.
