Paraffin wax prices are rising frequently, and the supply of resources in the candle market is tight

The overall inventory of domestic paraffin wax is at a low level in the past three years. The inventory level of domestic main refineries is relatively low. In addition, the short-term supply expectations are tight, and the price of paraffin wax has strong support. The current frequent price rises are greatly affected by the overhaul of refinery equipment, which has led to the hoarding psychology, coupled with the continuous rise of international crude oil, and the active cooperation of middlemen. Judging from the current market, the paraffin wax market is still on the rise. Under the situation that refinery resources continue to be tight and limited, it is not ruled out that refinery prices may continue to rise. If there is demand, it is recommended to order as soon as possible.