The relevant information this week is as follows:
1. Raw material
Crude oil: Compared with the previous statistical cycle, the international crude oil price fell slightly in this statistical cycle, and the average price of Brent crude oil was US$68.95 per barrel. This decline was mainly due to the concerns of trading institutions about negative economic news in the United States and signs of increased supply. However, judging from the decline in oil prices, the market remains confident in the conclusion of future trade agreements between the United States and Europe and the United States and Asia, which may bring global economic growth and oil demand.
OPEC+ plans to continue to increase production by 548,000 barrels per day in August, intending to take advantage of the high demand in the summer and gradually recover the market share lost due to production cuts without impacting oil prices.
2. Production capacity
Among the major production refineries in the country, Maoming and Dalian have stopped production, Jinan Petrochemical is recovering, Lanzhou is producing intermittently, and the rest of the refineries are operating normally.
|
Period |
Factory |
Status |
|
20250718-0724 |
Daqing Pec |
Normal |
|
20250718-0724 |
Daqing Ref
& Che |
|
|
20250718-0724 |
Dalian Pec |
Closed and
Relocating |
|
20250718-0724 |
Fushun Pec |
Normal |
|
20250718-0724 |
Lanzhou Pec |
Intermittent |
|
20250718-0724 |
Jingmen Pec |
Normal |
|
20250718-0724 |
Gaoqiao Pec |
Normal |
|
20250718-0724 |
Maoming Pec |
Suspended |
|
20250718-0724 |
Jinan Ref
& Che |
Recovering |
|
20250718-0724 |
Nanyang Pec |
Normal |
|
20250718-0724 |
Panjing Beiran |
Normal |
3. Stock
This week, the market gradually cooled down, mainly due to the high temperature weather. Some factories stopped production, and the demand for medium and low melting point paraffin decreased. The current national inventory is about 10,000 tons.
4. Market demand
The demand for paraffin wax has decreased, mainly concentrated in medium and low melting point paraffin wax models, and medium and high melting point paraffin wax is still in short supply.
5. Industry analysis overview
This week, the paraffin listing price adopted a flexible adjustment strategy. The fully refined paraffin of Fushun Refinery and Daqing Refinery rose slightly by 50. This action is most likely that Fushun Refinery
is making an early layout for the shutdown and maintenance on August 15, which also indirectly shows that the market demand for fully refined models is still strong.
6. Price expectations
Currently, the listing price of paraffin wax is mainly stable, but popular models may still rise, such as fully refined paraffin wax 56# and above.