According to the Commodity Analysis System of Business Society, the average price of tetrahydrofuran in the mainstream domestic market fluctuated and increased in December. The price of tetrahydrofuran increased from 12775 yuan/ton at the beginning of the month to 12925 yuan/ton at the end of the month, an increase of 1.17%, and the price at the end of the month decreased by 0.58% year-on-year.

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

From a cost perspective, the market price of maleic anhydride increased significantly in December, rising from 7100 yuan/ton at the beginning of the month to 7860 yuan/ton at the end of the month, an increase of 10.70%, and a year-on-year increase of 12.61% at the end of the month. The market situation for 1,4-butanediol slightly declined in December. The price of 1,4-butanediol decreased from 9628.57 yuan/ton at the beginning of the month to 9535.71 yuan/ton at the end of the month, a decrease of 0.96%, and the price at the end of the month decreased by 2.10% year-on-year. The upstream raw material market prices have significantly increased, with good cost support. Due to the impact of supply and demand, it has a positive impact on the price of tetrahydrofuran.

From the demand side, the price of spandex in the market decreased slightly in December. The price of spandex decreased from 32575 yuan/ton at the beginning of the month to 32125 yuan/ton at the end of the month, a decrease of 1.38%, and the price at the end of the month decreased by 9.51% 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 January, the domestic tetrahydrofuran market may experience slight fluctuations and gains. Upstream maleic anhydride and market conditions have significantly increased, leading to increased cost support. The downstream spandex market is showing an upward trend, while downstream demand is average. Business Society’s tetrahydrofuran analyst believes that in the short term, the domestic tetrahydrofuran market may experience slight fluctuations and increases mainly due to various factors such as supply and demand and raw materials.