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 12775.00 yuan/ton at the beginning of the week to 12975.00 yuan/ton over the weekend, an increase of 1.57%. The weekend price increased by 1.17% 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 market for 1,4-butanediol remained stable at a low level this week, with a price of 9614.29 yuan/ton. The weekend price increased by 1.89% year-on-year. The market situation of maleic anhydride has slightly increased this week, with prices rising from 7120.00 yuan/ton at the beginning of the week to 7160.00 yuan/ton over the weekend, an increase of 0.56%, and a year-on-year increase of 1.70% over the weekend. Overall, the upstream raw material market prices have slightly increased, with good cost support. 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 8.88% 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 mid to late December, the domestic tetrahydrofuran market may experience slight fluctuations and gains. The upstream maleic anhydride market has slightly increased, with good cost support. The downstream spandex market is consolidating at a low level, and downstream demand is weakening. Business Society’s tetrahydrofuran analyst believes that in the short term, the domestic tetrahydrofuran market may experience slight fluctuations and increases mainly due to various factors such as supply and demand and raw materials.