Recent price trends of tetrahydrofuran

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 12825 yuan/ton at the beginning of the week to 12925 yuan/ton over the weekend, an increase of 0.78%, and the weekend price increased by 1.37% year-on-year.

Upstream support is average, downstream demand weakens

From the supply side perspective, mainstream domestic tetrahydrofuran distributors have seen a slight increase in quotes 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 9542.86 yuan/ton at the beginning of the week to 9521.43 yuan/ton at the end of the week, a decrease of 0.22%, and a year-on-year decrease of 1.54% at the end of the week. The market situation of maleic anhydride has slightly increased this week, with prices rising from 7440 yuan/ton at the beginning of the week to 7520 yuan/ton over the weekend, an increase of 1.08%. The weekend price has increased by 6.82% 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 slightly decreased this week. The price of spandex dropped from 32575 yuan/ton at the beginning of the week to 32125 yuan/ton over the weekend, a decrease of 0.77%, and the weekend price fell 9.51% year-on-year. Downstream spandex market prices have slightly declined, 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 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.