According to the Commodity Analysis System of Business Society, the domestic tetrahydrofuran market prices fluctuated and fell in November, with an upward trend in prices at the end of the month. The average price of tetrahydrofuran in the mainstream domestic market has dropped from 13075.00 yuan/ton at the beginning of the month to 12775.00 yuan/ton at the end of the month, a decrease of 2.29%, and the end of month price has dropped by 9.72% year-on-year.

From the supply side perspective, the prices of mainstream domestic tetrahydrofuran distributors have slightly decreased this month, with average inventory levels.

From a cost perspective: In November, the market price of maleic anhydride first fell and then rose. The price of maleic anhydride first fell from 7312.00 yuan/ton at the beginning of the month to 6932.00 yuan/ton on November 9th, a decrease of 5.20%, and then rose to 7160.00 yuan/ton at the end of the month, an increase of 3.29%. Overall, the market price of maleic anhydride in November fell slightly by 2.08%, and the price at the end of the month increased by 2.29% year-on-year. In November, the market for 1,4-butanediol experienced a significant decline. The price of 1,4-butanediol decreased from 10157.14 yuan/ton at the beginning of the month to 9628.57 yuan/ton at the end of the month, a decrease of 5.20%. The price at the end of the month decreased by 0.90% 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, the price of spandex in the market decreased slightly in November. The price of spandex decreased from 33750.00 yuan/ton at the beginning of the month to 32575.00 yuan/ton at the end of the month, a decrease of 3.48%, and the price at the end of the month decreased by 11.24% 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 December, the domestic tetrahydrofuran market may experience a slight fluctuation and decline. The upstream market for maleic anhydride and 1,4-butanediol 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.