After a period of reasonable adjustments earlier, domestic paraffin prices in the first ten days of September—including core prices for paraffin wax for candle making—have fallen to the lowest range since March 2023. The listed prices of major refineries for paraffin products (with paraffin wax for candle making as a key category) have dropped by a total of 150-700 RMB/ton, with a year-on-year decrease of 9.02% and a 13.7% decline from the annual high. This means that the current procurement cost for paraffin wax for candle making is nearly 15% lower than in most other periods of the year—undoubtedly a rare "cost dividend period" for candle enterprises struggling to stabilize raw material costs.
More importantly, as prices of paraffin wax for candle making gradually reach the lower end of market expectations, a large number of candle manufacturers and traders specializing in paraffin wax for candle making have started "stockpiling at low prices" since this week, and the market transaction atmosphere for this key product has significantly warmed up. The transaction pace of high-quality paraffin wax for candle making has accelerated, and some refineries have begun to see a slight backlog of orders for this category. This is a clear signal that "low prices stimulate demand for paraffin wax for candle making," and it also indicates that there is very limited room for further price declines of paraffin wax for candle making in the future.
From the supply side, although some refineries have entered the equipment maintenance period in September, leading to a "periodically tight" pattern in the overall paraffin spot market, the supply of paraffin wax for candle making—a core consumer product—remains at a reasonable level. There is neither a risk of supply shortage or stockout for paraffin wax for candle making nor the possibility of supply tension that may occur in the later peak season. For candle enterprises purchasing paraffin wax for candle making now, they can not only enjoy low prices but also ensure timely delivery, without worrying about the embarrassment of "not being able to get high-quality paraffin wax for candle making despite low prices."
The "peak season logic" for paraffin wax for candle making on the demand side is becoming increasingly clear: On one hand, "Golden September & Silver October" is the traditional production and sales peak season for the candle industry—whether for domestic holiday decorations, daily-use candles, or export orders, the demand for paraffin wax for candle making typically surges. At present, many candle enterprises have begun to gradually increase their operating rates, and although new orders for paraffin wax for candle making have not surged in a concentrated manner, the trend of "steady growth" is clear. On the other hand, with the approaching of the National Day and Mid-Autumn Festival holidays, candle manufacturers are accelerating "advance stockpiling" of paraffin wax for candle making to avoid logistics disruptions and raw material shortages during the holidays; the next 1-2 weeks will be the peak period for stocking up on paraffin wax for candle making.
It is worth noting that although the short-term operating rate of some export-oriented candle enterprises is slightly sluggish, the resilience of overseas orders for candles (and thus the demand for paraffin wax for candle making) remains. As international logistics gradually smooths out, the subsequent export demand for candles will directly drive up the demand for paraffin wax for candle making, making it an important driving force for the market. Stockpiling paraffin wax for candle making now can not only meet the domestic peak season production needs but also reserve high-quality raw materials for potential upcoming export orders.
The earlier market concern of "sharp fluctuations in crude oil prices"—a core cost driver for paraffin products—has now entered a stable range: the average price of U.S. crude oil has stabilized at around 63 USD/barrel, with the fluctuation range controlled between 60-65 USD/barrel. The cost side tends to be stable, providing a clear cost expectation for the procurement of paraffin wax for candle making. This means that current procurement of paraffin wax for candle making does not require worrying about the risk of "price surges due to crude oil spikes," nor does it need to hesitate due to "waiting for further cost declines." The combination of "low prices + stable costs" is exactly the best environment for making decisions on purchasing paraffin wax for candle making.
The current paraffin market—especially for paraffin wax for candle making—is in the best procurement window characterized by "low prices, stable supply, rising demand, and steady costs." The low-price dividend for paraffin wax for candle making has emerged, the peak season demand for this key product is gradually materializing, and the cost risk has been minimized. For candle manufacturing enterprises, stockpiling paraffin wax for candle making now can lock in the lower annual procurement cost and reduce the production pressure in the later period. For traders specializing in paraffin wax for candle making, stockpiling at low prices can not only earn profit margins from the subsequent price recovery of this product but also seize the initiative in supply during the peak season.
Don’t let "low prices of paraffin wax for candle making slip away" or let "supply shortage of paraffin wax for candle making in peak season" affect your production! It is recommended that major candle enterprises and traders focusing on paraffin wax for candle making seize this opportunity, connect with refineries or high-quality suppliers of paraffin wax for candle making as soon as possible, solidify their inventory with cost-effective paraffin wax for candle making, and accumulate strength for the peak season, laying a solid foundation for the business performance in the second half of the year!
