Recent price trends of tetrahydrofuran
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According to the Commodity Analysis System of Business Society, the domestic tetrahydrofuran market price has temporarily stabilized this week. The average price of tetrahydrofuran in the mainstream domestic market this week is 13050.00 yuan/ton. Weekend prices fell by 11.22% year-on-year.
Upstream support is good, while downstream demand increases
From the supply side perspective, the prices of mainstream domestic tetrahydrofuran distributors are temporarily stable this week, with average inventory levels.
From the upstream raw material market of tetrahydrofuran, the market for 1,4-butanediol has stabilized at a high level this week, with a price of 11642.86 yuan/ton. Weekend prices increased by 9.45% year-on-year. The market situation of maleic anhydride has significantly increased this week, with prices rising from 7400 yuan/ton at the beginning of the week to 7799.80 yuan/ton at the weekend, an increase of 5.40%. Weekend prices fell by 1.27% year-on-year. Overall, the upstream raw material market prices have slightly increased, with good cost support. Affected by the supply and demand side, 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 increased this week. The price of spandex has increased from 34125.00 yuan/ton at the beginning of the week to 34250.00 yuan/ton at the weekend, an increase of 0.37%. Weekend prices increased by 3.01% year-on-year. Downstream spandex market prices have slightly increased, and downstream customers are actively purchasing tetrahydrofuran.
Future prospects
In mid to late September, the domestic tetrahydrofuran market may experience slight fluctuations and gains. The upstream 1,4-butanediol and maleic anhydride markets have slightly increased, with good cost support. The downstream spandex market has slightly increased, and downstream demand is good. Business Society tetrahydrofuran analysts believe that in the short term, the domestic tetrahydrofuran market may fluctuate slightly and rise mainly due to various factors such as supply and demand and raw materials.
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