According to the SunSirs Commodity Analysis System, the domestic market price of tetrahydrofuran fell slightly this week. The average domestic price of tetrahydrofuran in the mainstream market fell by 0.95% this week, and the weekend price fell by 28.36% year-on-year.
From the supply side, the quotations of mainstream domestic THF dealers fell slightly this week, and the inventory was average.
From the perspective of the upstream raw material market of tetrahydrofuran, the market price of 1,4-butanediol fell slightly this week, a decrease of 2.86%, and the weekend price fell 27.31% year-on-year. The maleic anhydride market fell slightly this week, by 4.65%, and the weekend price increased by 0.63% year-on-year. Overall, the market prices of upstream raw materials fell slightly, and cost support was insufficient. Affected by the supply and demand side, it had a negative impact on the price of tetrahydrofuran.
Judging from the downstream market conditions of THF, the spandex market price has been consolidating at a high level this week. Spandex prices fell 5.19% year-on-year over the weekend. The downstream spandex market price is consolidating at a high level, and downstream customers are generally active in purchasing THF.
Outlook
In late October, the domestic tetrahydrofuran market may fluctuate slightly and fall. The upstream 1,4-butanediol and maleic anhydride market prices fell slightly, and cost support was insufficient. The downstream spandex market is consolidating at a high level, and downstream demand is average. Tetrahydrofuran analysts believe that the short-term domestic Tetrahydrofuran market is likely to fluctuate slightly and fall mainly due to the influence of supply and demand, raw materials and other aspects.
Post time: Oct-17-2023