According to the Commodity Analysis System of Business Society, the domestic furfural (national standard, industrial grade, 250KG/barrel) market fluctuated and declined this week. On May 11th, the average quoted price of furfural was 9575.00 yuan/ton (including tax), and on May 17th, it was 9425.00 yuan/ton, a decrease of 1.57%.

Cost side: Currently, the main production of furfural in China is corn cobs, and sulfuric acid is generally used as the catalyst. The domestic sulfuric acid market prices have fallen this week. According to data monitoring from Business Society, the average price of sulfuric acid in China was 247 yuan/ton on May 13th, and 242 yuan/ton on May 17th, a decrease of 1.98%. The short-term sulfuric acid market is mainly sluggish, mainly due to insufficient demand and difficulty in digesting products. In the later stage, it depends on the production situation of terminal fertilizer enterprises.

On the demand side, the domestic furfuryl alcohol (national standard, industrial grade, 250KG/barrel) market has declined this week. On May 11th, the average quoted price of furfuryl alcohol was 10175.00 yuan/ton (including tax), while on May 17th, it was 10150.00 yuan/ton, a decrease of 0.25%.

According to analysts from Shengyishe Furfural Products, the upstream sulfuric acid market for furfural continues to decline, while the downstream furfural alcohol market fluctuates slightly. Furfural supply and demand are both weak, and it is expected that furfural may experience a weak decline in the near future.