According to the Commodity Analysis System of Business Society, the domestic furfural (national standard, industrial grade, 250KG/barrel) market fluctuated and declined in April. As of April 30th, the average quoted price of furfural was 9650.00 yuan/ton (including tax), a decrease of 1.46% from 10100.00 yuan/ton on April 1st.
Cost side: Currently, the main production of furfural in China is corn cobs, and sulfuric acid is generally used as the catalyst. The domestic sulfuric acid market prices fell in April. According to monitoring data from Business Society, the average price of domestic sulfuric acid on April 1st was 328.75 yuan/ton, and on April 30th it was 272.5 yuan/ton, a decrease of 17.11%. The downstream market is weak, with limited demand for sulfuric acid and significant pressure on manufacturers to ship, resulting in a decline in market prices.
On the demand side, the domestic furfuryl alcohol (national standard, industrial grade, 250KG/barrel) market declined in April. As of April 30th, the average quoted price of furfuryl alcohol was 10125.00 yuan/ton (including tax), a decrease of 3.57% from 10500.00 yuan/ton on April 1st.
According to analysts from Shengyishe Furfural Products, the upstream sulfuric acid market for furfural continues to decline, while the downstream furfural alcohol market is declining. Furfural support is limited, and it is expected that in the near future, furfural may be mainly weak and consolidating.
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