Recent price trends of isooctanol
According to the Commodity Analysis System of Business Society, the price of tetrahydrofuran in the domestic market has slightly increased this week. This week, the average price of tetrahydrofuran in the mainstream domestic market increased from 12210.00 yuan/ton at the beginning of the week to 12612.50 yuan/ton at the weekend, an increase of 3.30%. Weekend prices fell by 29.54% year-on-year.
Upstream support is good, while downstream demand increases
From the supply side perspective, the prices of mainstream domestic tetrahydrofuran distributors have slightly increased this week, with average inventory levels.
From the upstream raw material market of tetrahydrofuran, the market for 1,4-butanediol has slightly increased this week, with prices rising from 11214.29 yuan/ton at the beginning of the week to 11350 yuan/ton at the end of the week, an increase of 1.21%. Weekend prices increased by 13.50% year-on-year. This week, the market for maleic anhydride fluctuated and fell, with prices dropping from 6480 yuan/ton at the beginning of the week to 6440 yuan/ton at the end of the week, a decrease of 0.62%. Weekend prices fell 11.54% year-on-year. Overall, the upstream raw material market has seen more price increases than decreases, with good cost support. Affected by the supply and demand side, it has a positive impact on the price of tetrahydrofuran.
From the downstream market of tetrahydrofuran, the price of spandex in the market has slightly increased this week. The price of spandex has increased from 33500.00 yuan/ton at the beginning of the week to 33625.00 yuan/ton at the weekend, an increase of 0.37%. Weekend prices fell by 1.39% year-on-year. Downstream spandex market prices have slightly increased, and downstream customers are actively increasing their purchases of tetrahydrofuran.
Future prospects
In mid to late August, the domestic tetrahydrofuran market may experience slight fluctuations and gains. The upstream 1,4-butanediol market has slightly increased, with good cost support. The downstream spandex market has slightly increased, and downstream demand has increased. Business Society tetrahydrofura
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n analysts believe that in the short term, the domestic tetrahydrofuran market may fluctuate slightly and rise mainly due to various factors such as supply and demand and raw materials.