Paraffin Costs on the Rise
April 25th, 2008 - Alan Wallace
Paraffin prices are expected to rise by another 10-20% by the end of May. Up until now, paraffin has seen only moderate increases in price when compared to the volatile soy wax prices. While Peak is committed to providing raw materials at competitive prices, candle makers who depend on paraffin-based waxes should prepare for these increases, which are driven largely by increasing fuel and transportation costs. Historically, Peak has attempted to absorb as much of the increased costs as possible. However, since Peak moves such a large volume of wax, our prices are very sensitive to current market conditions.
Filed under: Business
The number of wax price increases we've seen over the past two years is a shame. IGI dominates the market and almost completely controls the wax prices. They have practically no competition anymore. The increases will be making it a bit more difficult for some of us smaller candle makers to survive.
Totally agree ... Now I wanted to start in order to learn and do a little business, it appears that prices will increase ... not fair ... hopefully soon achieve and stabilize the increase, we want to live peaceful rooms without fear of further increases to continue living.
I've seen on Ebay, where prices are more affordable .... and I can not understand how this is possible ... here, prices are expected to be better .. but something is wrong ... hopefully reconsider this ...http://www.ebay.com/itm/ws/eBayISAPI.dll?ViewItem&item=330641409334&ssPageName=ADME:X:RTQ:US:1123