China’s domestic Tetrahydrofuran prices are temporarily stable this week (10.16-10.22)

Recent Tetrahydrofuran price trends

The domestic tetrahydrofuran market price is temporarily stable this week. This week, the average domestic mainstream market price of tetrahydrofuran was 13,075.00 yuan/ton, and the weekend price fell 29.99% year-on-year.

Insufficient upstream support and average downstream demand

From the supply side, the quotations of mainstream domestic THF dealers are temporarily stable this week, and the inventory is average.

From the perspective of the upstream raw material market for Tetrahydrofuran, the 1,4-butanediol market fell slightly this week, with the price falling from 10,685.71 yuan/ton at the beginning of the week to 10,400.00 yuan/ton at the weekend, a decrease of 2.67%. The weekend price fell 29.25% year-on-year. The maleic anhydride market fell slightly this week, with the price falling from 7,980.00 yuan/ton at the beginning of the week to 7,790.00 yuan/ton at the weekend, a decrease of 2.38%. The weekend price fell 0.26% 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. The price of spandex was 34,250.00 yuan/ton, and the weekend price fell 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.

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. Hosea Chemical's Tetrahydrofuran analysis believes that the short-term domestic Tetrahydrofuran(THF) market is affected by supply and demand, raw materials and other aspects, and the market may fluctuate slightly and mainly fall.