The primary difference between them is the melt point. Golden Wax 444 and Golden Wax 464 are roughly identical in price at every supplier.NatureWax C-3 is about $0.31 less expensive than Golden Wax 464.Golden Wax 464 remains the most widely available wax on the market of the suppliers shown at an average price of $1.89 per pound.Prices show here reflect the change from the beginning of April 2021 to the start of May 2021. Prices shown below reflect the advertised price per pound when buying in 40-50 pound sizes, not including shipping. The keystone soy waxes on the market used for research were:Īlthough there are plenty of soy wax varieties, these are among the most widely available for use in candle making and represent a significant market share of soy wax.
In fact, Candlewic started carrying NatureWax C-3 which it hasn’t stocked recently. Soy wax availability remained pretty constant in April – most suppliers that carried soy wax continued to carry it.
Increases in these areas typically pressures manufacturers and suppliers to increase their costs as well, which can impact the soy and paraffin wax markets. The S&P GSCI Index is a reference price for the whole commodity market, similar to how S&P 500 tracks the value of the largest 500 companies traded on the stock exchange. In our analysis, we compare the futures prices for the underlying commodities: Soy wax and paraffin wax are products of the soybean and crude oil industries, respectively. How the commodity market compares to wax prices and availability.April saw more supplier-based price increases in wax, following the trend from Q1 of this year.Īll market research shown reflects data captured on compared to data gathered on for: