SunSirs: The Price of Tetrahydrofuran Decreased in November
December 01 2022 10:14:15 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, the price of tetrahydrofuran was lowered this month. At the beginning of the month, the average price of tetrahydrofuran was 18,250.00 RMB/ton, and at the end of the month, the average price of tetrahydrofuran was 14,250.00 RMB/ton, down 21.92%.
Analysis review
The BDO of the raw material end had been shocked downward, the cost support had been weakened, and the supplier's attitude of keeping prices had been dominated. The downstream maintained the follow-up just on rigid orders. The overall inventory in the market was high, and the manufacturers made concessions and negotiated for shipment. The focus of delivery and investment was weak.
Market outlook
The tetrahydrofuran analysts of SunSirs believe that the cost of tetrahydrofuran in China has stabilized, the downstream PTEMG spandex is still weak, and the manufacturer's quotation follows the market. In the short term, the overall market still has room for decline.
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