According to HengYI company learned,In 2017, the price of paraffin wax fluctuated significantly, when increased dramatically from Sep. 2016, but declined in Aug. 2017. For example, Daqing 58# semi-refined price grew up by 25.62% at the first-half year. However, the significant price increase brought negative impact to the cost of terminal product, and the customers had to seek alternative resource, instead of imported from China, to ease their pressure. The low demand lead inventory excess, and hence the price of paraffin wax dropped since Aug. After that, it came to a stationary phase. At the same time, both the refineries and processing plants had willing to stabilization.

In 2018, the price will tend to be constant at the first-half year, though the difficulty will be high from several perspectives, e.g. the Fed Rate, exchange rate, etc. The international crude oil market is expected to be constant and would warm up stably in 2018.

FUSHUN HENGYI Petro & Chemical Co., Ltd, established in 2006, mainly operates in petroleum chemical industry, and professionally process and manufacture various paraffin waxes. The office and the plant are located at the city of FUSHUN, which is famous for diversified petrochemical products in world-class high quality.You can get more information via:Tel: +86 24 58308799