Recent price trends of tetrahydrofuran
According to the Commodity Analysis System of Business Society, the domestic market price of tetrahydrofuran is temporarily stable this week. The average price of tetrahydrofuran in the mainstream domestic market this week was 12925 yuan/ton, with a year-on-year increase of 0.66% over the weekend.
Upstream support is average, downstream demand weakens
From the supply side perspective, mainstream domestic tetrahydrofuran distributors have temporarily stabilized their quotations this week, with average inventory levels.
From the upstream raw material market of tetrahydrofuran, the 1,4-butanediol market saw a slight decline this week, with prices dropping from 9535.71 yuan/ton at the beginning of the week to 9514.29 yuan/ton at the end of the week, a decrease of 0.22%, and a year-on-year decrease of 8.25% at the end of the week. The market situation of maleic anhydride remained stable this week, with a price of 7860 yuan/ton. Over the weekend, the price increased by 14.33% year-on-year. Overall, the upstream raw material market prices have slightly declined, with insufficient cost support, and the supply and demand side has had a negative 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 dropped from 32125 yuan/ton at the beginning of the week to 32000 yuan/ton over the weekend, a decrease of 0.39%, and the weekend price fell 9.54% year-on-year. Downstream spandex market prices have slightly declined, and downstream customers are less proactive in purchasing tetrahydrofuran.
Future prospects
In mid to late January, the domestic tetrahydrofuran market may experience a slight fluctuation and decline. The upstream maleic anhydride market has slightly declined, with insufficient cost support. The downstream spandex market has slightly declined, and downstream demand has weakened. Business Society’s tetrahydrofuran analyst believes that in the short term, the domestic tetrahydrofuran market may experience slight fluctuations and declines due to various factors such as supply and demand and raw materials.
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