Wax price parallel with oil price
Wax price and specially fully refined paraffin wax price always affected by international oil price , summer time is high season of paraffin wax because of Easter time and increase of candle usage in Christian companies . From march 2019 paraffin wax price has been 1000 USD/MT and it has been increase to 1050 USD/MT in April 2019 . Semi refined paraffin wax from 1% to 7% oil content is slab form white color to yellowish one is purchased from 950 to 850 USD/MT world wide . New refinery of India for paraffin wax has had effected semi refined paraffin wax 3-5% oil content price which was the major grades purchased by Indians from many years ago .
Wax price prediction for 2019, 2020, 2021, 2022
According to nowadays situation , we update our predictions daily working with historical data and using a combination of linear and polynomial regressions. No one can, however, predict prices of wax with total certainty, thus it is crucial to understand that the above mentioned wax price predictions serve merely as a suggestion of possible price development and are not intended to be used as investment advice.