Demand for Paraffin Wax from Export Market Climbed Moderately

SCI99 Edit at: 2017-9-7 10:15:32
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According to the 2017 July Chinese paraffin wax import and export data, the export volume from January to July was 272.6kt, down 30.8% from last year.

In July 2017, the total output of China’s paraffin wax was 103kt, up 33.8% from last month but down 12% from last year. As units at PetroChina Fushun Petrochemical, Sinopec Taizhou Company and PetroChina Lanzhou Petrochemical were restarted, the supply of paraffin wax was moderate, and the operating rate was maintained at 68% or so.

The export volume in July was 40kt, up 50.6% from last month but down 32.4% from last year. From January to July, the export volume of paraffin wax was 273kt, taking up 35.5% of the total output, and the paraffin wax export volume in 2017 was down 30.8% from last year.

In July, among the export destinations of Chinese paraffin wax, the U.S. took the first place with the import volume of 10.3kt or so, taking up 25.84% of the total export volume. That was down 18.32% from last month but up 7.39% from last year.

Mexico ranked the second place and the import volume reached 7,741mt or so, up 78.08% from last month but down 31.94% from last year.

The demand volume from Hong Kong was 3,180mt or so, down 15.47% from last month and 23.19% from last year.

In July, the paraffin wax volume exported via Dalian Customs in July was 30.5kt or 76.37% of the total export volume. That was up 39.36% from last month but down 27.97% from last year.

Next came Shanghai Customs whose export volume was 5,569mt, up 873.67% from last month but down 49.08% from last year.

Zhanjiang Customs took the third place, and the export volume was 3,180mt, down 12.15% from last month and 37.65% from last year.

In July, the paraffin wax volume exported via general trade ranked first with the export volume of 25kt or so. That was up 37.51% from last month but down 18.82% from last year.

The export volume of paraffin wax via processing trade with imported materials was 14.8kt or so, up 78.83% from last month but down 47.39% from last year.

The demand for paraffin wax from domestic downstream users was curbed by the environmental protection supervision and illegal building demolition. Meanwhile, the export volume of paraffin wax increased from last month, however, that was at a low level from last year. As most traders will stock up for international festivals in August and September, the export volume of paraffin wax may rise, easing the supply-demand imbalance.

Appendix:

2017 Jan–Jul Paraffin Wax Export Enterprises TOP 15

Enterprises

Export volume(kg)

PetroChina International Northeast China

47,383,314

China International United Petroleum & Chemicals

46,090,850

Dalian Hanshun Petrochemical

30,187,225

Liaoning Kaimai Petrochemical

14,350,200

PetroChina International Fushun

9,621,610

Liaoning Techsheen International

9,497,050

Dalian Kaixing International Trade

8,924,600

Liaoning Fushun Tongyi Special Wax Products

6,884,200

Harbin Jintong Chemical Products Distribution

6,776,500

Shenzhen Changkangsheng Trade

5,831,888

Shenzhen Yingshenxin Trade

5,630,500

Shenzhen Fanyong Indusrty

5,096,000

Fushun New-Mainland Trading

4,916,000

Dalian Chem Import and Export Group

4,589,000

Shenzhen Shenjunming Trade

3,245,000

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