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 In Asia, the paraffin wax market underwent fluctuations driven by varying crude oil prices and reduced consumer demand, particularly affected by economic uncertainties in China. After the lunar new year and amidst COVID-related restrictions, production rates were initially low, impacting the market. A temporary price increase in Q2 was spurred by higher crude oil costs and a revival in the cosmetic industry. However, this was short-lived as inflation, decreased consumer spending, and subdued demand led to a reversal of this upward trend. In Europe, paraffin wax prices experienced a decline across Q1 and Q2 due to diminished demand, disruptions in the supply chain caused by labor strikes, and economic indicators signaling a potential recession. Meanwhile, North America witnessed a decrease in paraffin wax prices owing to weak industry demand, increased imports from Asia, and uncertainties surrounding crude oil. Request Free Sample - https://www.procurementresource.com/resource-cent...