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Tetrahydrofuran News
Tetrahydrofuran Market Continued to Fall This Week
November 21 2022 10:33:27SunSirs(John)

Price trend

According to the monitoring data of SunSirs, the price of tetrahydrofuran continued to decrease this week. At the beginning of the week, the average price of tetrahydrofuran was 16,050.00 RMB/ton. On Friday, the average price of tetrahydrofuran was 15,275.00 RMB/ton, down 4.83%.

Analysis review

As of the 18th, the quotation of tetrahydrofuran enterprises was lowered, the market weakness continued, the BDO shock at the raw material end declined, the cost support was weakened. The supplier stuck to the attitude of support the price mainly, the downstream maintained the follow-up of just needed orders, the overall inventory in the market was high, the manufacturer of goods gave up profits to negotiate, and the focus of the trading and investment was weak.

Market outlook

The tetrahydrofuran analysts of SunSirs believed that the support of the domestic tetrahydrofuran cost end continued to weaken, and the downstream PTEMG spandex fell after rising at a high level, and the manufacturer's quotation followed the market. In the short term, the overall market still has room for decline.  

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