Cost support for tetrahydrofuran price increase of 0.19% this week

Recent price trends of tetrahydrofuran

Recently, there has been an increase in maintenance of 1,4-butanediol units, limited spot production, an upward shift in market focus, increased cost support, and a slight increase in domestic tetrahydrofuran market prices. According to the Commodity Analysis System of Business Society, the average price of tetrahydrofuran in the mainstream domestic market increased from 13125 yuan/ton at the beginning of the week to 13150 yuan/ton at the end of the week, an increase of 0.19%, and the weekend price increased by 2.41% year-on-year.

From the supply side perspective, the prices of mainstream domestic tetrahydrofuran distributors have slightly increased this week, with average inventory and strong reluctance from traders to sell.

From the perspective of upstream raw materials, the market for 1,4-butanediol has slightly increased this week, with prices rising from 9542.86 yuan/ton at the beginning of the week to 9550 yuan/ton at the end of the week, an increase of 0.07%, and a year-on-year decrease of 15.41% in weekend prices. Recently, there has been an increase in the maintenance of 1,4-butanediol units, with limited spot production by enterprises. The intention of suppliers to maintain prices has continued, and the market focus has shifted upwards, leading to increased cost support and a positive impact on the price of tetrahydrofuran.

From the perspective of downstream demand, the spandex market prices have stabilized at a low level this week. The price of spandex is 31500 yuan/ton, with a year-on-year decrease of 10.32% over the weekend. The quotation from the spandex factory has been weakly adjusted, and the manufacturer’s shipment is average. They are cautious about raw material procurement, and are currently waiting and waiting for the Spring Festival stocking.

In the future, in late January, the domestic tetrahydrofuran market may experience a slight fluctuation and decline. Although the upstream 1,4-butanediol market has slightly increased, the support is limited. The downstream spandex market is consolidating at a low level, with a cautious attitude towards raw material procurement and a strong wait-and-see atmosphere. 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.