This chart shows Paraffin Wax price assessments in USA Dollar per metric ton (USD/mt) in 4 locations, as follows:
- Paraffin Wax, US (United States): Paraffin Wax, import transaction price, cif, United States
- Paraffin Wax, EUR (Europe): Paraffin Wax, import transaction price, cif, Germany
- Paraffin Wax, CN (China): Paraffin Wax, export transaction price, fob, China
- Paraffin Wax, SEA (Southeast Asia): Paraffin Wax, import transaction price, cfr, Thailand (netforward from fob China)
The chart above is a sample of Intratec Primary Commodity Prices. Subscribe and access now current prices of 225 commodities, including Paraffin Wax.
Data Use
Paraffin Wax prices are provided as an annual subscription where subscribers have access to reliable pricing data of 225 commodities worldwide.
Intratec's methodology employs a structured big data strategy that utilizes advanced technologies to extract publicly available data from primary sources such as governmental trade records, statistics bureaus, and international agencies.
This data is then processed through mathematical models to generate reliable assessments, published at the very beginning of each month. To better understand the data provided check Intratec Primary Commodity Prices Methodology.
Data Delivery Methods
Paraffin Wax price assessments are available via different delivery methods:
- Online charts
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Paraffin Wax Price Outlook
Paraffin Wax Price Outlook. The price of Paraffin Wax (United States) decreased during June 2020 to 753 USD per metric ton, which represents a considerable decline of 14% compared to the previous month’s value. On a year-over-year basis, the prices of Paraffin Wax (United States) decreased significantly by 24%. Meanwhile, the average price of Paraffin Wax (China) amounted to 702 USD per metric ton, from 879 USD per metric ton one year earlier. On a month-over-month basis, the price of Paraffin Wax (China) is 4% lower than the price one month before.
The price of Paraffin Wax (Southeast Asia) declined slightly throughout June 2020, reaching 724 USD per metric ton. The price is 3% lower than the average price in the previous month and 19% lower than the average price one year before. In contrast, the prices of Paraffin Wax (Europe) increased significantly during June 2020, reaching 1,320 USD per metric ton, which means a rise of 14% from the previous month’s price and a rise of 6% from the previous year’s price.
About Paraffin Wax
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.
Petroleum wax is typically obtained during oil refining in the vacuum distillation process. However, it can also be synthesized using the Fisher-Tropsh process, with greater control over the chain length of the molecules that make it up. Depending on the average chain length, degree of saturation and branching of the molecules that make it up, the melting point of paraffin varies between 45 and 70 °C, and can be anywhere from a viscous gel to a solid block under ambient conditions.
Paraffin Wax Handling. 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.
Paraffin Wax Production. Raw materials and the respective production processes employed in the manufacturing of Paraffin Wax are listed below.
- Slack wax (de-oiling)
Paraffin Wax Uses. The uses and applications of Paraffin Wax may vary according to its specification. The main forms of Paraffin Wax are Fully-refined (oil content