Paraffin Wax Price | Current and Forecast
Monitor Paraffin Wax Prices Worldwide
Plans Starting at $299 USD /year
See monthly Paraffin Wax prices in 5 locations: United States, South America, Europe, South Asia & Oceania, China, Africa. Also check Paraffin Wax price history since 2007 and forecasts. The chart below is a sample of Intratec Primary Commodity Prices - subscribe now and gain access to current prices of 237 commodities, including Paraffin Wax.
Data Legend. The Paraffin Wax price chart shows the prices in USA Dollar per metric ton (USD/mt) in 6 locations, as follows:
- US: Paraffin Wax, United States, transaction, cif
- SAM: Paraffin Wax, South America, transaction, cif, Brazil
- EUR: Paraffin Wax, Europe, transaction, cif, Germany
- SEA: Paraffin Wax, South Asia & Oceania, transaction, fob, Malaysia
- CN: Paraffin Wax, China, transaction, fob
- AFR: Paraffin Wax, Africa, transaction, fob, South Africa
Data Use. Paraffin Wax prices are provided as an annual subscription where subscribers have access to reliable pricing data of 237 commodities worldwide. To better understand data provided by Intratec Primary Commodity Prices, check the following documents: Price Assessment Basis , Commodities Specifications , Methodology , User Guide , and Glossary .
Intratec Primary Commodity Prices
Track global current prices of 237 commodities including Paraffin Wax
Current Monthly Prices
Price History & Forecasts
Prices in Multiple Locations
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Plans Starting at $299 USD /year
Price Dynamics. The Paraffin Wax price in United States decreased during November 2018 to 1,330 USD per metric ton, which represents a considerable decline of 8% compared to the previous month’s value. On a year-over-year basis, Paraffin Wax prices in United States decreased modestly by 0.7%. Meanwhile, in Germany, the average price of Paraffin Wax amounted to 1,300 USD per metric ton, from 1,430 USD per metric ton one year earlier. On a month-over-month basis, the Paraffin Wax price in Germany is 6% lower than the price one month before.
The price of Paraffin Wax in China declined slightly throughout November 2018, reaching 990 USD per metric ton. The price in China is 3% lower than the average price in the previous month and 2% higher than the average price one year before. In contrast, Paraffin Wax prices in Malaysia were flat during November 2018, and were rise when compared to the average price in the preceding yeara rise of 7% from the previous year’s price.
The Paraffin Wax prices in Brazil experienced a modest decline of 20 USD per metric ton from the prior month's price, to 1,490 USD per metric ton. Such price movement in Brazil meant a decrease of 1% on a monthly basis and a rise of 6% on a yearly basis. On the other hand, in November 2018, the Paraffin Wax price in South Africa witnessed a decline of 150 USD per metric ton when compared against the previous month's price, to 1,680 USD per metric ton. The November 2018 price in South Africa is 9% lower than the price one year before.
About Paraffin Wax. Paraffin Wax (a.k.a. Petroleum Wax) is an organic compound, in the paraffinic hydrocarbons class. It is a soft odorless white solid, consisting of a mixture of hydrocarbon molecules containing between twenty and forty carbon atoms, insoluble in water, but soluble in ether, benzene, and other organic solvents. Those mixed hydrocarbons can be used in a wide range of applications.
Paraffin wax can be stored and transported in bags, barrels, and cases. Although melting does not affect the value of the commodity, it should be stowed in a cool place and sun-protected since it is a heat-sensitive and fire-dangerous cargo. When transported in bags should not be over stowed as this may lead to bonding together of sacks. Must be stored away from goods liable to be contaminated by melted wax. Paraffin waxes are transported in liquid form (molten) in road tank trucks, rail tankers, or liquid containers. Solid waxes are marketed in slabs in small and large cartons and sacks, and as pastilles, flakes, and powder in sacks or big bags. They are also supplied in fiberboard and steel drums and in molded cartons.
Raw materials and the respective production processes employed in the manufacturing of Paraffin Wax are listed below.
- Slack wax (de-oiling)
The uses and applications of Paraffin Wax may vary according to its specification. The main forms of Paraffin Wax are fully refined/American Society for Testing and Materials (ASTM - 0.23 wt% maximum oil content, white color, 67ºC melting point) grade; semirefined grade (2-5 wt% oil content, white color, 58-64 °C melting point); United States Pharmacopeia (USP) grade; National Formulary (NF - 10 to 16 dmm penetration, white color, 59-62ºC melting point) grade; and crude grade (6 wt% maximum oil content, white or yellow color, 52 °C melting point).
