Press release
Paraffin Wax Prices, Chart, Index and Regional Data
๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐ ๐๐๐ซ๐๐๐๐ข๐ง ๐๐๐ฑ ๐๐ซ๐ข๐๐๐ฌ ๐๐จ๐ฏ๐๐ฆ๐๐ง๐ญ ๐๐๐๐๐ซ๐๐๐๐ข๐ง ๐๐๐ฑ ๐๐ซ๐ข๐๐๐ฌ ๐ข๐ง ๐๐๐:
In Q3 2024, paraffin wax prices in the United States reached 1,745 USD/MT in September. The market experienced a decline due to lower local demand and excess inventory. Prices stayed aligned with crude oil levels, as the paraffin wax industry adjusted accordingly. A rise in crude oil inventories in the U.S. signaled reduced demand, which contributed to the decrease in paraffin wax prices.
๐ฅ๐ฒ๐พ๐๐ฒ๐๐ ๐๐ผ๐ฟ ๐ฎ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐๐ผ๐ฝ๐ ๐ผ๐ณ ๐๐ต๐ฒ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.imarcgroup.com/paraffin-wax-pricing-report/requestsampleย
๐๐๐ซ๐๐๐๐ข๐ง ๐๐๐ฑ ๐๐ซ๐ข๐๐๐ฌ ๐ข๐ง ๐๐ก๐ข๐ง๐:
In Q3 2024, paraffin wax prices in China settled at 1,155 USD/MT in September. Prices initially rose due to higher crude oil costs, which increased manufacturing expenses. However, weak domestic and international demand, along with ongoing supply chain issues, led to a shift in the supply-demand balance. This adjustment resulted in a significant drop in paraffin wax prices compared to Q2 2024. The overall trend reflected the impact of these market conditions.
๐๐๐ซ๐๐๐๐ข๐ง ๐๐๐ฑ ๐๐ซ๐ข๐๐๐ฌ ๐ข๐ง ๐๐๐ซ๐ฆ๐๐ง๐ฒ:
In Q3 2024, paraffin wax prices in Germany reached 1,550 USD/MT in September. The market saw significant price fluctuations, driven by reduced demand from key industries like candle manufacturing and cosmetics. Persistent commercial variability and operational issues also contributed to the price decline. The second half of Q3 saw a sharp drop in prices compared to the first half. By the end of Q3, the paraffin wax market in Germany reflected a generally pessimistic outlook due to these ongoing challenges.
๐๐จ๐ฐ ๐๐๐๐๐ ๐๐ซ๐ข๐๐ข๐ง๐ ๐๐๐ญ๐๐๐๐ฌ๐ ๐๐๐ง ๐๐๐ฅ๐ฉ
The latest IMARC Group study, "Paraffin Wax Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition," presents a detailed analysis of Paraffin Wax price trend, offering key insights into global Paraffin Wax market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.
The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Paraffin Wax demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.
ย
๐ฆ๐ฝ๐ฒ๐ฎ๐ธ ๐๐ผ ๐ฎ๐ป ๐๐ป๐ฎ๐น๐๐๐: https://www.imarcgroup.com/request?type=report&id=22395&flag=C
๐๐ฏ๐ผ๐๐ ๐จ๐:
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, and benchmarking analyses, pricing and cost research, and procurement research.
๐๐ฏ๐ผ๐๐ ๐จ๐:
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, and benchmarking analyses, pricing and cost research, and procurement research.
๐๐ผ๐ป๐๐ฎ๐ฐ๐ ๐๐:
IMARC Group
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๐๐บ๐ฎ๐ถ๐น: sales@imarcgroup.com
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