According to the Commodity Analysis System of Business Society, the domestic tetrahydrofuran market price slightly increased in August. The average price of mainstream tetrahydrofuran market in China increased from 12110.00 yuan/ton at the beginning of the month to 12975.00 yuan/ton at the end of the month, an increase of 7.14%. The price at the end of the month decreased by 12.48% year-on-year.

From the supply side perspective, the prices of mainstream domestic tetrahydrofuran distributors have increased this month, with average inventory levels.

From a cost perspective, the market price of 1,4-butanediol slightly increased in August, with the market price rising from 11042.86 yuan/ton at the beginning of the month to 11657.14 yuan/ton at the end of the month, an increase of 5.56%. At the end of the month, prices increased by 14.29% year-on-year. The market price of maleic anhydride increased significantly in August, with the price rising from 6480 yuan/ton at the beginning of the month to 7220 yuan/ton at the end of the month, an increase of 11.42%. At the end of the month, prices fell by 6.96% year-on-year. Overall, the upstream raw material market prices have significantly increased, with good cost support. Affected by the supply and demand side, it has a positive impact on the price of tetrahydrofuran.

From the demand side, the market price of spandex slightly increased in August. The price of spandex has increased from 33500.00 yuan/ton at the beginning of the month to 33625.00 yuan/ton at the end of the month, an increase of 0.37%. At the end of the month, prices increased by 2.83% year-on-year. Downstream spandex market prices have slightly increased, and downstream customers are actively purchasing tetrahydrofuran.

Looking at the future market: In mid to early September, the domestic tetrahydrofuran market may experience slight fluctuations and gains. The upstream market for maleic anhydride and 1,4-butanediol has significantly increased, with good cost support. The downstream spandex market has slightly increased, and downstream demand has increased. 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.