According to the SunSirs Commodity Analysis System, the domestic market price of tetrahydrofuran fell slightly in October. The average domestic mainstream market price of tetrahydrofuran fell by 0.95%, and the price at the end of the month fell by 26.23% year-on-year.
From the supply side: this month, domestic tetrahydrofuran mainstream dealers’ quotations fell slightly, and inventory levels were average. Compared with the end of the month market price of Shanghai Ronghe Tetrahydrofuran, the quotation dropped by 500 yuan/ton; compared with the end of the month market price of Nantong Zhonghe Tetrahydrofuran, the quotation was temporarily stable; compared with the end of the month market price of Jinan Jinhao Tetrahydrofuran, the quotation was temporarily stable.
From the cost side: the market price of maleic anhydride fell sharply in October, the market price of upstream raw materials fell sharply, and cost support was insufficient. Affected by the supply and demand side, it had a negative impact on the price of tetrahydrofuran.
From the demand side: the spandex market price consolidated at a high level in October. The price of spandex at the end of the month fell by 9.87% year-on-year. The downstream spandex market price is consolidating at a high level, and downstream customers are generally active in purchasing THF.
Looking at the market outlook: In mid-to-early November, the domestic tetrahydrofuran market may fluctuate slightly and fall. The upstream maleic anhydride market has fallen sharply, and cost support is insufficient. The downstream spandex market is consolidating at a high level, and downstream demand is average. THF analysts from SunSirs believe that in the short term, the domestic THF market is likely to fluctuate slightly and fall mainly due to the influence of supply, demand, raw materials and other aspects.
Post time: Nov-07-2023