Recent price trends of tetrahydrofuran
According to the Commodity Analysis System of Business Society, the domestic market price of tetrahydrofuran has slightly declined this week. This week, the average price of tetrahydrofuran in the mainstream domestic market dropped from 12975.00 yuan/ton at the beginning of the week to 12825.00 yuan/ton over the weekend, a decrease of 1.16%, and the weekend price increased by 0.59% year-on-year.
Upstream support is average, downstream demand weakens
From the supply side perspective, the prices of mainstream domestic tetrahydrofuran distributors have slightly decreased 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 9557.14 yuan/ton at the beginning of the week to 9542.86 yuan/ton at the end of the week, a decrease of 0.15%, and a year-on-year decrease of 0.49% at the end of the week. The market situation of maleic anhydride has slightly increased this week, with prices rising from 7200.00 yuan/ton at the beginning of the week to 7380.00 yuan/ton over the weekend, an increase of 2.50%. The weekend price has increased by 4.83% year-on-year. Overall, the upstream raw material market prices fluctuate, with average cost support. However, due to the impact of supply and demand, it has a positive impact on the price of tetrahydrofuran.
From the downstream market of tetrahydrofuran, the price of spandex in the market has stabilized at a low level this week. The price of spandex is 32575.00 yuan/ton, with a year-on-year decrease of 8.24% over the weekend. The downstream spandex market prices are consolidating at a low level, and downstream customers are less proactive in purchasing tetrahydrofuran.
Future prospects
In late December, the domestic tetrahydrofuran market may experience a slight fluctuation and decline. The upstream maleic anhydride market has slightly increased, with good cost support. The downstream spandex market has a downward trend, 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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