In March, driven by international geopolitical conflicts and crude oil price fluctuations, coal-to-liquid costs climbed, directly fueling a sharp rise in FT wax prices. Manufacturers digested low inventories, and coupled with the market's "buy the rally, not the dip" sentiment, traders replenished stocks intensively, driving strong production and sales. As of April 8, low-melting FT wax prices have risen 18% from their year-to-date lows, mid-melting grades up 15.7%, and high-melting products are in short supply with strong demand.
Cost side: Geopolitical tensions and high oil prices remain strong, keeping coal-to-liquid costs elevated and providing solid bottom support for wax prices, though the fluctuation range has narrowed compared to March.
Supply & Demand side: On the supply side, while production capacity has been released, enterprises prioritize oil production, and combined with low inventories, overall resources remain tight; on the demand side, purchases have returned to just-in-time needs, stockpiling enthusiasm has cooled, and the market has shifted from a broad rally to a phase of high-level narrow adjustment, characterized by "easy to rise, hard to fall" and stable operation.
The current market favors stability over urgency. We advise customers to purchase rationally, stock up on an as-needed basis, and closely monitor geopolitical developments and crude oil price trends.
1.Cargo Guarantee:
Stable supply to ensure immediate delivery of in-demand products even during shortages.
2.Dynamic Support:
Real-time tracking of market and cost dynamics, providing professional market insights to help you accurately grasp procurement timing.
3.Customized Services:
One-stop consulting and customized solutions for specifications, inventory, and quotations, effectively mitigating market risks and ensuring stable production.
In a market characterized by high-level volatility and tight supply, choosing a reliable Fischer-Tropsch wax supplier is essential for managing costs and ensuring stable production. King Honor provides high-quality FT wax products, real-time market insights, and flexible bulk supply solutions to help you respond quickly to changing market conditions. Contact us today for the latest pricing, specifications, and customized sourcing strategies.