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SunSirs: Tetrahydrofuran Prices Fell This Week

November 14 2022 13:19:12     SunSirs (John)

Price trend

According to the monitoring data of SunSirs, the price of tetrahydrofuran fell this week. At the beginning of the week, the average price of tetrahydrofuran was 17,775.00 RMB/ton. On Friday, the average price of tetrahydrofuran was 16,300.00 RMB/ton, down 8.3%.

Analysis review

On the 11th, tetrahydrofuran prices of tetrahydrofuran enterprises were lowered. The BDO of the raw material end fell in shock, the cost support was weakened, the supplier's price keeping mentality was dominant, the downstream maintained the follow-up just on needed orders, the overall inventory in the market was high, the manufacturers of the goods gave up profits for discussion sales, and the delivery focus was weak.

Market outlook

The tetrahydrofuran analysts of SunSirs believe that the domestic tetrahydrofuran downstream PTEMG spandex market remains stable at a high level, and demand recovers, but the cost side support continues to weaken. In the short term, the tetrahydrofuran market as a whole will be weak.

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