North America Paraffin Prices Movement Last Quarter:
Paraffin Prices in United States:
During the fourth quarter of 2023, the paraffin price trend in the United States showed moderate movement, ending the quarter at 1,377 USD per metric ton in December. The market was influenced by stable crude oil availability and steady demand from packaging and cosmetic industries. Additionally, seasonal heating demand and logistical costs played a role in determining pricing throughout the quarter.
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Note: The analysis can be tailored to align with the customer's specific needs.
APAC Paraffin Prices Movement Last Quarter:
Paraffin Prices in China:
In Q4 2023, paraffin prices in China closed at 778 USD/MT in December. The market experienced soft demand due to limited industrial activity and fluctuating crude oil prices. Domestic production remained consistent, though export demand was subdued. Overall, supply chain efficiencies and low energy costs helped maintain pricing stability in the Chinese paraffin market.
Regional Analysis: The price analysis can be extended to provide detailed Paraffin 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 Prices Movement Last Quarter:
Paraffin Prices in Germany:
Paraffin prices in Germany reached 1616 USD/MT in December 2023, reflecting strong demand from the pharmaceutical and manufacturing sectors. Elevated energy costs and import dependencies contributed to the higher pricing trend. Despite moderate crude availability, tight supply and increased seasonal consumption maintained firm prices in the German paraffin market during the last quarter of the year.
Regional Analysis: The price analysis can be expanded to include detailed Paraffin price data for a wide range of European countries, such as Germany, France, the United Kingdom, Italy, Spain, Russia, Turkey, the Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, the Czech Republic, Portugal, and Greece, along with other European nations.
Factors Affecting Paraffin Supply and Prices
Paraffin prices are influenced by crude oil supply, refining capacity, and production costs. Demand from cosmetics, packaging, and pharmaceuticals drives trends, while transportation costs, geopolitical events, environmental regulations, and seasonal variations affect supply chains, leading to price changes and ongoing market volatility.
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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 Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of Paraffin price trend, offering key insights into global Paraffin 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 demand, illustrating how consumer behaviour 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 chemical price analysis 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.
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