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Dear Valued Customers,
In Q1 2026, fully Refined paraffin wax 58/60 reversed the decline and moved upward, with prices rising by a cumulative 1,400-1,750 CNY/ton, showing a trend of "bottoming out at a low level and climbing steadily". The monthly increase in March even hit 1,350-1,650 CNY/ton, sending a clear market signal: tight supply with a recovering demand.
Refinery units operated stably with a total output of about 385,000 tons. Low inventory has led to limited market supply.
PetroChina holds a concentrated supply of resources, while Sinopec faces relatively tight supply. Import volumes have a negligible impact on the domestic market.
Despite the expected output growth in Q2, the market will enter the traditional off-season, leaving limited room for further price hikes
Against the backdrop of current low inventory and tight supply of high-quality resources, we recommend customers plan procurement in advance based on actual demand and seize the optimal purchasing window.
Stable resource supply with on-demand immediate delivery available.
Feel free to consult us for product specifications and real-time inventory status – we ensure your production runs uninterrupted.
