Recent price trends of tetrahydrofuran
| Azodicarbonamide (AC foaming Agent) |
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 13050.00 yuan/ton at the beginning of the week to 13175.00 yuan/ton at the weekend, an increase of 0.96%. The weekend price decreased by 17.91% year-on-year.
Upstream support is good, while downstream demand increases
From the supply side perspective, the prices of mainstream domestic tetrahydrofuran distributors have slightly increased this week, with average inventory levels.
From the upstream raw material market of tetrahydrofuran, the market for 1,4-butanediol has slightly declined this week, with prices dropping from 11642.86 yuan/ton at the beginning of the week to 11571.43 yuan/ton at the weekend, a decrease of 0.61%, and a year-on-year decrease of 16.75% over the weekend. The market situation of maleic anhydride has significantly increased this week, with the price rising from 7799.80 yuan/ton at the beginning of the week to 8499.80 yuan/ton at the weekend, an increase of 8.97%. The weekend price has decreased by 1.39% 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.
| povidone Iodine |
From the downstream market situation of tetrahydrofuran, the spandex market price has stabilized at a high level this week. The price of spandex is 34250.00 yuan/ton, with a year-on-year increase of 2.24% over the weekend. Downstream spandex market prices have stabilized at high levels, and downstream customers are actively purchasing tetrahydrofuran.
Future prospects
In late September, the domestic tetrahydrofuran market may experience slight fluctuations and gains. The upstream maleic anhydride market has seen a significant increase, 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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