English 
日本語 
français 
Deutsch 
Español 
italiano 
português Search
In 2025, the international trade environment continues to be full of uncertainties. The latest round of policy adjustments in China–U.S. and China–EU trade relations has placed additional pressure on paraffin wax exports. Although paraffin wax is not a primary category in the new round of tariff increases, as a basic petrochemical material, the indirect impact remains significant.
Since the beginning of the year, many Western countries have strengthened trade reviews on Chinese goods and gradually introduced policy tools such as higher import duties on chemical and petrochemical products. Although most paraffin wax products have not yet been directly included in high-tariff lists, industry participants are concerned that they may be added in future negotiations. As a result, international buyers have become more cautious with their purchasing schedules.
This uncertainty in policy expectations has led to a weakening of advance stockpiling intentions among overseas clients, dragging down some export orders—particularly in higher value-added categories destined for Europe and the United States.
By mid-April, trade uncertainty had significantly intensified, and market sentiment remained sluggish. However, in May, the temporary easing of China–U.S. trade tensions, a rise in crude oil prices, and restocking driven by essential demand helped to stabilize paraffin wax prices. This phase of easing reduced pressure on exports and improved expectations for downstream orders. Confidence among traders gradually recovered, and prices began to rebound steadily.
In July, uncertainty resurfaced, and the market turned cautious once again. Early in the month, renewed debate over whether tariffs would be extended or increased brought more unpredictability. Policy decisions remained unclear, and downstream procurement slowed further amid increased hesitation.
Looking ahead, the final outcomes of international negotiations—such as tariff coverage and the response of commodity markets—are yet to be determined. Even August 1 may not be a definitive deadline. Chinese paraffin wax suppliers must strike a careful balance between short-term responses and long-term strategy.
April: International capacity shortages combined with the Red Sea crisis drove sharp increases in freight rates, with many routes to Europe and North America rising by over 30%.
May: The pace of price increases slowed, and freight rates began to stabilize.
July: Some routes showed clear signs of price corrections, easing cost pressure on paraffin wax exporters.
As a professional paraffin wax manufacturer, King Honor has adopted a differentiated strategy. The company focuses on technically advanced niche products, developing high-performance specialty waxes and avoiding direct competition in commoditized segments.
In addition, King Honor collaborates with leading downstream partners to jointly develop customized solutions. The company has also established an agile strategic assessment mechanism, reviewing tariff policies and market developments each quarter, and promptly adjusting business priorities and resource allocation in response.
At King Honor, we don’t just manufacture wax—we engineer tailored solutions that help you stay ahead. Whether you need high-performance specialty waxes or strategic supply chain insights, our expert team is ready to support your goals. Reach out today to explore how our customized approach can bring long-term value to your business.
