Price of Paraffin Wax keep increasing (2009-8-25)

Due to the short supply of the refineries, lack stock of the distributors, the domestic price of paraffin wax in China continue to increase this week.


Yesterday Fushun refinery increased RMB150/MT, and Daqing refinery and Fushun No. 2 refinery will have the equipments repaired next week.

Under this serious situation most exporters offered at higher USD price involving the next future increase at least USD30/MT.

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