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The worldwide Paraffin Wax market featured a combination of stability, bullish strength, and fresh caution during the initial part of September 2025, as regional factors influenced pricing trends in India, China, and the United States. Although festival-driven demand propelled prices higher in India, cost savings dented the Chinese market prior to a short-run rally, and summer stocking drew down supplies in the U.S., underpinning moderate gains.
Paraffin wax prices in India kept calm room throughout early September and grew more firm in the week ending September xx. Domestic price markers headed up as the demand grinders for sales revitalized, mostly from candle-making industries, ahead of Dussehra. The off-take increased as much as xxx per week, with manufacturers restocking aggressively while the packaging, rubber, and cosmetics industries were in parallel buying entries. Traders squeezed forward lots into their pockets after slight retreats in Shanghai, thereby pushing ex-tank differentials higher. On the other hand, despite the firming sentiment, some risks transpired in the Paraffin wax market due to increased supplies from Iran and steady production from Nmulgirh refinery, alongside some substitution by water-borne polymer coatings in packaging. Even so, the nearest-term sentiment remains bullish, owing to the festival-led restocking and limited spot inventory.
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