Recent price trends of tetrahydrofuran
| Gamma-PGA (gamma polyglutamic acid) |
According to the Commodity Analysis System of Business Society, the price of tetrahydrofuran in the domestic market has slightly increased this week. This week, the average price of tetrahydrofuran in the mainstream domestic market increased from 12925 yuan/ton at the beginning of the week to 13075 yuan/ton over the weekend, an increase of 1.16%, and the weekend price increased by 1.83% year-on-year.
Upstream support is average, downstream demand weakens
From the supply side perspective, mainstream domestic tetrahydrofuran distributors have seen a slight increase in quotes this week, with average inventory levels.
From the upstream raw material market of tetrahydrofuran, the 1,4-butanediol market saw a slight increase this week, with prices rising from 9514.29 yuan/ton at the beginning of the week to 9535.71 yuan/ton at the end of the week, an increase of 0.23%, and a year-on-year decrease of 12.76% over the weekend. This week, the market for maleic anhydride experienced a significant decline, with prices dropping from 7740 yuan/ton at the beginning of the week to 7300 yuan/ton over the weekend, a decrease of 5.68%, and a year-on-year increase of 5.42% over the weekend. Overall, the upstream raw material market prices fluctuate, with average cost support. However, due to the impact of supply and demand, it has a negative impact on the price of tetrahydrofuran.
From the downstream market of tetrahydrofuran, the price of spandex in the market has stabilized at a low level this week. The price of spandex is 32000 yuan/ton, with a year-on-year decrease of 8.90% over the weekend. The downstream spandex market prices are consolidating at a low level, and downstream customers are generally enthusiastic about purchasing tetrahydrofuran.
Future prospects
In mid to late January, the domestic tetrahydrofuran market may experience a slight fluctuation and decline. The upstream maleic anhydride market has slightly declined, with insufficient cost support. The downstream spandex market is consolidating at a low level, and downstream demand is weakening. Business Society’s tetrahydrofuran analyst believes that in the short term, the domestic tetrahydrofuran market may experience slight fluctuations and declines due to various factors such as supply and demand and raw materials.
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