Recent price trends of tetrahydrofuran
According to the Commodity Analysis System of Business Society, the domestic tetrahydrofuran market prices have stabilized at a low level this week. The average price of tetrahydrofuran in the mainstream domestic market this week was 12875.00 yuan/ton, with a year-on-year decrease of 20.40% over the weekend.
Insufficient upstream support and weakened downstream demand
From the supply side perspective, the prices of mainstream domestic tetrahydrofuran distributors are temporarily stable this week, with average inventory levels.
From the upstream raw material market of tetrahydrofuran, the market for 1,4-butanediol has slightly declined this week, with prices dropping from 9928.57 yuan/ton at the beginning of the week to 9907.14 yuan/ton at the weekend, a decrease of 0.22%, and a year-on-year decrease of 20.26% at the weekend. The market situation of maleic anhydride has slightly declined this week, with the price dropping from 7012.00 yuan/ton at the beginning of the week to 6972.00 yuan/ton at the weekend, a decrease of 0.57%. The weekend price has decreased by 3.43% year-on-year. Overall, the upstream raw material market prices have slightly declined, with insufficient cost support. Affected by the supply and demand side, it has a bearish impact on the price of tetrahydrofuran.
From the downstream market of tetrahydrofuran, the price of spandex in the market has slightly decreased this week. The price of spandex decreased from 33750.00 yuan/ton at the beginning of the week to 32950.00 yuan/ton at the weekend, a decrease of 2.37%, and the weekend price decreased by 13.00% year-on-year. Downstream spandex market prices have slightly declined, and downstream customers have been less proactive in purchasing tetrahydrofuran.
Future prospects
In mid to late November, the domestic tetrahydrofuran market may experience slight fluctuations and declines. The upstream 1,4-butanediol and maleic anhydride markets have slightly declined, with insufficient cost support. Downstream spandex market slightly declined, and downstream demand weakened. Business Society tetrahydrofuran analysts believe that in the short term, the domestic tetrahydrofuran market may experience minor fluctuations and declines due to various factors such as supply and demand and raw materials.
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