North America Paraffin Wax Prices Movement Q3

Paraffin Wax Prices in USA:

In the third quarter of 2024, paraffin wax prices in the United States dropped to 1,745 USD/MT in September. The market saw a downward trend due to weak domestic demand and excess inventory. Prices closely followed crude oil trends, with rising crude stockpiles indicating reduced consumption. The surplus supply further pressured paraffin wax prices, leading to a consistent decline. Market participants adjusted pricing strategies in response to sluggish demand, reflecting a bearish sentiment. Overall, the quarter ended with lower price levels, driven by subdued market activity and oversupply conditions.

𝐆𝐞𝐭 𝐭𝐡𝐞 𝐑𝐞𝐚𝐥-𝐓𝐢𝐦𝐞 𝐏𝐫𝐢𝐜𝐞𝐬 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:  https://www.imarcgroup.com/paraffin-wax-pricing-report/requestsample

𝐍𝐨𝐭𝐞: The analysis can be tailored to align with the customer's specific needs.

APAC Paraffin Wax Prices Movement Q3:

Paraffin Wax Prices in China:

In the third quarter of 2024, paraffin wax prices in China settled at 1,155 USD/MT in September. The market saw significant price fluctuations. Early in the quarter, rising crude oil costs pushed prices higher, increasing production expenses. However, weak domestic and international demand, along with ongoing supply chain disruptions, shifted the supply-demand balance. This shift led to a notable price decline later in the quarter. Compared to Q2 2024, paraffin wax prices dropped considerably, reflecting reduced market activity and excess supply. The quarter ended with a bearish pricing trend driven by weak consumption and supply adjustments.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:   The price analysis can be extended to provide detailed Paraffin Wax  price information for the following list of countries.

China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries.

Europe Paraffin Wax Prices Movement Q3:

Paraffin Wax Prices in Europe:

In the third quarter of 2024, paraffin wax prices in Germany reached 1,550 USD/MT in September. The market saw significant price fluctuations, driven by lower demand from key industries like candle manufacturing and cosmetics. Ongoing commercial uncertainty and operational challenges further pressured prices. During the latter part of Q3, prices dropped noticeably compared to earlier months. By the quarter’s end, the German paraffin wax market reflected a bearish outlook, with weak demand and supply adjustments keeping sentiment pessimistic. The overall trend indicated continued price declines due to subdued industrial consumption and market instability.

Factors Affecting Paraffin Wax Supply and Prices

Paraffin wax supply and prices are influenced by crude oil trends, production costs, and industrial demand. Fluctuations arise due to changing inventory levels, geopolitical factors, and trade policies. Supply-demand imbalances impact pricing, while market trends, economic conditions, and seasonal variations further drive volatility. Charts depict these shifts over time.

𝗦𝗽𝗲𝗮𝗸 𝘁𝗼 𝗮𝗻 𝗔𝗻𝗮𝗹𝘆𝘀𝘁: https://www.imarcgroup.com/request?type=report&id=22395&flag=C

𝐊𝐞𝐲 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞:

• Market Analysis
• Market Breakup by Region
• Demand Supply Analysis by Type
• Demand Supply Analysis by Application
• Demand Supply Analysis of Raw Materials
• Price Analysis
• Spot Prices by Major Ports
• Price Breakup
• Price Trends by Region
• Factors influencing the Price Trends
• Market Drivers, Restraints, and Opportunities
• Competitive Landscape
• Recent Developments
• Global Event Analysis

How IMARC Pricing Database Can Help

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.

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

IMARC Group is a global management consulting firm that provides a comprehensive suite of services to support market entry and expansion efforts. The company offers detailed market assessments, feasibility studies, regulatory approvals and licensing support, and pricing analysis, including spot pricing and regional price trends. Its expertise spans demand-supply analysis alongside regional insights covering Asia-Pacific, Europe, North America, Latin America, and the Middle East and Africa. IMARC also specializes in competitive landscape evaluations, profiling key market players, and conducting research into market drivers, restraints, and opportunities. IMARC’s data-driven approach helps businesses navigate complex markets with precision and confidence.

IMARC Group provides professional pricing consultant services to enable businesses to leverage their pricing and maximize profitability. Our thorough research examines market trends, competitor prices, customer willingness-to-pay, and costs, making data-driven decisions possible. By establishing pricing opportunities and cost-saving initiatives, we enable organizations to remain competitive and maximize market potential. Whether it's creating dynamic pricing strategies, performing cost benchmarking, or analysing pricing effects, our customized solutions enable companies to realize sustainable growth.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐮𝐬:

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