SunSirs: Market Price of Tetrahydrofuran in October
November 02 2022 09:16:15 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, the price of tetrahydrofuran in this month rose first and then fell. The overall price of tetrahydrofuran was slightly reduced. At the beginning of the month, the average price of tetrahydrofuran was 17,800.00 RMB/ton. In the middle and late of the month, it rose to 18,675.00 RMB/ton, and then fell to 17,725.00 RMB/ton at the end of the month, down 0.42% compared with the beginning of the month.
Analysis review
The BDO on the raw material side was shocked and declined, the cost support was weakened, the supplier's attitude of keeping prices was dominant, downstream maintained the follow-up of just needed orders. The overall inventory in the market was high, the manufacturers of the goods made profits-cutting on discussion. The trading center of gravity fluctuated little.
Market outlook
The tetrahydrofuran analysts of SunSirs believed that the domestic tetrahydrofuran cost support was weakened. Although the downstream market of PTEMG spandex was strong, the downstream maintained the demand for orders to follow up on demand, and the manufacturer's quotation followed the market. In the short term, the overall market still has room for decline.
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