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WhatsappThe ups and downs of paraffin wax wholesale prices always touch the hearts of practitioners and related enterprises, behind which complex factors are hidden.
The most direct influence is the cost of raw materials. Paraffin wax is mostly refined from petroleum, and the fluctuation of international oil price directly determines the production cost of paraffin wax. When the oil price soars, paraffin wax producers increase costs, wholesale prices naturally rise; on the contrary, the oil price falls, paraffin wax wholesale price also has a decline in space.
Market supply and demand are equally critical. In emerging industries such as new energy batteries, 3D printing boom, the demand for special performance paraffin wax soared, if the supply can not keep up, the price will be raised. And when the traditional industry demand shrinks, or paraffin wax overcapacity, supply exceeds demand, the price will be pressured downward.
Policies and regulations should not be ignored. Environmental protection policies are tightening, prompting enterprises to improve production processes, increase environmental protection investment, which undoubtedly increased production costs, promote the price rise. At the same time, changes in import and export policies, affecting the circulation of paraffin wax in the domestic and international markets, which in turn affects the price.
In addition, sudden global events, such as natural disasters and public health incidents, may disrupt the supply chain, resulting in paraffin wax supply disruption or abnormal changes in demand, triggering price fluctuations. Understanding these facts will help paraffin wholesalers and related companies to better respond to price changes and make reasonable decisions.