According to HengYI company learned,International crude oil price increased at a small range, as a result of the market’s tradeoff between the good news of the OPEC extends the period of reducing the output, and the adverse effect of production increase of American crude oil. On Tuesday, the Jan 2018 future price of WT118 increased by USD 0.15/t, closed at USD 57.62/t. The Feb future price of Brent oil increased by USD 0.41/t, closed at USD 62.86/t.The paraffin wax market price was constant yesterday, and the refineries operated as normal.

The inventory of Daqing Petrol dropped slightly to 1,900t, while of Daqing Refining & Chemical decreased to 6,900t. At the same time, the 58# fully-refined of Fushun Petrol maintained at approximately 5,000t, and the resource distribution from PetrolChina is steady. In general, Fushun is going to keep the price fluctuated at a narrow range and this trend is expected to remain till the end of the year.

FUSHUN HENGYI Petro & Chemical Co.,The raw material is directly procured from PetroChina which guarantees the liquid wax is in globally recognised quality, while our first-class facilities ensure the productivity and efficiency. For export logistics, the preferential port is chosen as Dalian Port, a non-frozen port, where can offer convenient transportation all over the world.You can get more information via:Tel: +86 24 58308799