According to the Commodity Analysis System of Business Society, the domestic tetrahydrofuran market price slightly decreased in October. The average price of the mainstream tetrahydrofuran market in China dropped from 13200.00 yuan/ton at the beginning of the month to 13075.00 yuan/ton at the end of the month, a decrease of 0.95%, and the price at the end of the month decreased by 26.23% year-on-year.

From the supply side perspective, the prices of mainstream domestic tetrahydrofuran distributors have slightly decreased this month, with average inventory levels.

From a cost perspective, the market price of maleic anhydride significantly decreased in October. The price of maleic anhydride decreased from 8979.80 yuan/ton at the beginning of the month to 7332.00 yuan/ton at the end of the month, a decrease of 14.54%. The price at the end of the month increased by 3.27% year-on-year. The upstream raw material market prices have significantly decreased, with insufficient cost support. Affected by the supply and demand side, it has a negative impact on the price of tetrahydrofuran.

From the demand side perspective, the spandex market price stabilized at a high level in October. The price of spandex is 34250.00 yuan/ton, with a year-on-year decrease of 9.87% at the end of the month. Downstream spandex market prices have stabilized at high levels, and downstream customers are generally proactive in purchasing tetrahydrofuran.

Looking at the future market: In mid to early November, the domestic tetrahydrofuran market may experience slight fluctuations and declines. The upstream maleic anhydride market has experienced a significant decline, with insufficient cost support. The downstream spandex market has stabilized at a high level, and downstream demand is average. 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.