Recent price trends of isooctanol
| Gamma-PGA (gamma polyglutamic acid) |
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 12675.00 yuan/ton. Weekend prices fell by 14.36% year-on-year.
Upstream support is good, while downstream demand is average
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 slightly increased this week, with prices rising from 11350.00 yuan/ton at the beginning of the week to 11442.86 yuan/ton at the end of the week, an increase of 0.82%. Weekend prices increased by 12.60% year-on-year. The market situation of maleic anhydride has significantly increased this week, with prices rising from 6530 yuan/ton at the beginning of the week to 7020 yuan/ton at the weekend, an increase of 7.50%. Weekend prices fell 3.04% 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.
| ferric sulfate (Poly ferric sulphate) |
From the downstream market situation of tetrahydrofuran, the spandex market price has stabilized at a high level this week. The price of spandex is 33625.00 yuan/ton. Weekend prices increased by 1.89% year-on-year. Downstream spandex market prices have stabilized at high levels, and downstream customers are actively purchasing tetrahydrofuran.
Future prospects
In late August, 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 stabilized at a high level, 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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