Recent price trends of tetrahydrofuran
| PVA 2088 (PVA BP20) |
According to the Commodity Analysis System of Business Society, the price of tetrahydrofuran in the domestic market decreased slightly this week. This week, the average price of tetrahydrofuran in the mainstream domestic market dropped from 13200.00 yuan/ton at the beginning of the week to 13075.00 yuan/ton at the weekend, a decrease of 0.95%. The weekend price fell by 28.36% year-on-year.
Insufficient upstream support, average downstream demand
From the supply side perspective, the prices of mainstream domestic tetrahydrofuran distributors have slightly decreased this week, with average inventory levels.
| POLYVINYL ALCOHOL |
From the upstream raw material market of tetrahydrofuran, the market for 1,4-butanediol has slightly declined this week, with prices dropping from 11000.00 yuan/ton at the beginning of the week to 10685.71 yuan/ton at the weekend, a decrease of 2.86%, and a year-on-year decrease of 27.31% at the weekend. The market situation of maleic anhydride has slightly declined this week, with the price dropping from 8390.00 yuan/ton at the beginning of the week to 8000.00 yuan/ton at the weekend, a decrease of 4.65%. The weekend price has increased by 0.63% year-on-year. Overall, the upstream raw material market prices have slightly declined, with insufficient cost support. Affected by the supply and demand side, it has a bearish impact on the price of tetrahydrofuran.
From the downstream market situation of tetrahydrofuran, the spandex market price has stabilized at a high level this week. The price of spandex is 34250.00 yuan/ton, with a year-on-year decrease of 5.19% over the weekend. Downstream spandex market prices have stabilized at high levels, and downstream customers are generally proactive in purchasing tetrahydrofuran.
Future prospects
In late October, the domestic tetrahydrofuran market may experience slight fluctuations and declines. The upstream 1,4-butanediol and maleic anhydride markets have slightly declined, with insufficient cost support. The downstream spandex market has stabilized at a high level, and downstream demand is average. Business Society tetrahydrofuran analysts believe that in the short term, the domestic tetrahydrofuran market may experience minor fluctuations and declines due to various factors such as supply and demand and raw materials.
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