According to the Commodity Analysis System of Business Society, the average price of tetrahydrofuran in the mainstream domestic market fluctuated and increased in January. The price of tetrahydrofuran increased from 12925 yuan/ton at the beginning of the month to 13000 yuan/ton at the end of the month, an increase of 0.58%, and the price at the end of the month decreased by 7.51% year-on-year.
From the supply side perspective, the prices of mainstream domestic tetrahydrofuran distributors have fluctuated this month, with average inventory levels.
From a cost perspective, the maleic anhydride factory mainly executes early-stage orders, with overall average market trading and weak market conditions. The market price of maleic anhydride dropped significantly in January, dropping from 7860 yuan/ton at the beginning of the month to 7199.80 yuan/ton at the end of the month, a decrease of 8.40%, and a year-on-year decrease of 3.23% at the end of the month. The domestic market for 1,4-butanediol is stable and experiencing a downward trend, with rigid contract trading and light spot trading. In January, the market for 1,4-butanediol slightly declined. The price of 1,4-butanediol decreased from 9535.71 yuan/ton at the beginning of the month to 9421.43 yuan/ton at the end of the month, a decrease of 1.20%. The price at the end of the month decreased by 24.39% year-on-year. The upstream raw material market prices have dropped significantly, with insufficient cost support. Due to the impact of supply and demand, the price of tetrahydrofuran has been negatively affected.
From the demand side, as the Spring Festival approaches, downstream textile factories will enter a holiday mode, which will further weaken their procurement of raw materials. The market price of spandex slightly decreased in January. The price of spandex decreased from 32125 yuan/ton at the beginning of the month to 31500 yuan/ton at the end of the month, a decrease of 1.95%, and the price at the end of the month decreased by 11.89% year-on-year. The downstream spandex market price has slightly declined, and downstream customers have weakened their enthusiasm for purchasing tetrahydrofuran.
Looking at the future: In mid to early February, the domestic tetrahydrofuran market may experience a slight fluctuation and decline. The upstream maleic anhydride market has experienced a significant decline, with insufficient cost support. The downstream spandex market has slightly declined, and downstream demand has weakened. 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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