Overall, the global Paraffin Wax market in early August 2025 remained broadly steady, shaped by balanced supply-demand dynamics, logistical challenges, and evolving expectations around international trade flows.
The Paraffin Wax market in the key regions—India, China, and North America—Showed a mostly range-bound pricing movement during the first week of August 2025, with regional dynamics such as demand and supply followed by trade behaviour, shaping sentiment .
The Indian Paraffin Wax market was held flat during early August 2025, following a minor upward adjustment. Although the CFR-based bids softened slightly amidst the persistent intra asia freight costs encouraging more economical imports, domestic prices remained largely unchanged. This stability was reinforced by uninterrupted operations at key operating units primarly the Indian Oil’s Panipat and Reliance’s Jamnagar. To add to this as timely slack-wax feedstock deliveries to Raj Petro and other importers, prompted towards a stable input cost adding further cost support to the domestic prices of Paraffin Wax.
From the demand perspective, the purchasing activity for Paraffin wax has remained subdued due to seasonal monsoon-related slowdown. Candle manufacturers have limited purchases to hand to mouth requirements despite of the approaching festive season, and traders reported unchanged inventories, reflecting cautious sentiment. The intricate interplay of these factors have prompted towards a more closely matched disparity between demand and supply.
Similarly, I n China, Paraffin Wax prices experienced a modest decline after weeks of stagnation. Easing crude oil prices, a critical raw material to the wax production has prompted towards lower manufacturing costs, exerting downward pressure on market rates. Further the operating rates at the major production facilities such as Sinopec Fushun and PetroChina Daqing remained stable, ensuring consistent supply.
Demand for Paraffin Wax from prominent end-user candle makers and other sectors like packaging and plastics additives held steady, but persistent port congestion led to inventory buildup, creating localized oversupply. The market tone remained soft-to-neutral, with limited price movement expected unless feedstock costs rise or downstream demand shifts.
The North American market prevailed a wave of pessimism in imported paraffin wax prices, during early August 2025, continuing a trend of stagnancy from the previous week. Supply remained uninterrupted for Paraffin Wax from import-reliant sources, and demand across candles, packaging, rubber, engineered wood, and cosmetics sectors stayed consistent.
As per ChemAnalyst, paraffin wax prices are expected to rise in the coming days due to tightening supply conditions in China—one of the key global exporters—where production disruptions and logistical constraints are limiting export volumes, just as demand begins to surge ahead of the festive season. Notably, PetroChina is scheduled for a maintenance shutdown from late August through October, which could tighten supply and influence pricing in the coming months. Further, with candle manufacturers and packaging industries ramping up procurement to meet seasonal consumption, the market is bracing for a bullish trend in the Paraffin Wax market driven by reduced availability and heightened buying activity, signaling a likely upward shift in pricing momentum.
