1.Supply-Side Contraction
Paraffin wax Production Declines: Domestic output reached 123,800 MT, down 0.64% MoM and 14.6% YoY
Operating Rates: Industry utilization held at 83.5% (‑0.5pp MoM)
Paraffin wax Regional Disparity: Liaoning Province led contraction (-8.65% MoM/-30.2% YoY)
Import&Export of Paraffin wax in recently 3 years
Operational Update:
With Fushun Petrochemical's maintenance shutdown commencing August 15 and no capacity additions/retirements planned, daily production currently averages 2,300 MT. August Paraffin wax output is projected at 100,000 MT, subject to Daqing crude supply fluctuations.
2.Import-Export Dynamics of Paraffin wax
Paraffin wax Imports：July volume: 271.7 MT (+29.74% MoM, -7.05% YoY)
Primarily sourced from Japan with limited market impact
Paraffin wax Export Highlights
Indicator Volume YoY Change
Paraffin wax Monthly Exports 69,800 MT +18.95%
Paraffin wax Production Share 56.4% —
Jan-July Cumulative 399,400 MT +6.22%
Comparison of Paraffin Wax Products Over 5 Years
Key Driver: Fushun's planned maintenance sparked supply tightness concerns, accelerating international procurement amid rising prices of Paraffin wax.
3.Global Market Diversification of Paraffin wax
Geographic Reach
Exports to 82 countries/regions
Paraffin wax import Top Markets:
Mexico (19,300 MT, 27.6%) → +42.5% MoM
Vietnam (6,800 MT, 9.73%) → +54.7% MoM
Poland (CEE logistics hub) → Consolidating gateway status
Regional Distribution
Market Key Countries Share Trend
North America Mexico, USA 38% US demand down 14%*
Southeast Asia Vietnam, Myanmar 21% Vietnam +32.9% YoY
Europe Poland, Spain 11% Logistics hub growth
4. Paraffin wax Candle Export Rebalancing
Total Volume: 38,400 MT (2nd highest July in 15 years), +107% MoM/-2.09% YoY
Market Segmentation:
Premium EU Markets: UK (6,501 MT, +38.3% MoM), Italy (3,337 MT, +46% MoM)
Emerging Markets: Steady African lighting candle demand
Jan-July cumulative: 211,000 MT (+4.93% YoY)
Market Outlook
Paraffin wax Exports: Projected at 55,000-60,000 MT in August (FX/Shipping/Tariff risks monitored)
Candle Exports: Estimated 28,000-32,000 MT against EU anti-dumping duties backdrop
Strategic Insight: Export resilience demonstrates sector vitality. Companies should reinforce risk diversification through SEA and CEE channel development.