Price trend

According to the Commodity Analysis System of SunSirs, the domestic furfural (national standard, industrial grade, 250KG/barrel) market fluctuated and declined in April. As of April 30th, the average quoted price of furfural was 9,650.00 RMB/ton (including tax), a decrease of 1.46% from 10,100.00 RMB/ton on April 1st.

Analysis review

Cost side: As of April 30th, domestic production of furfural mainly relies on corn cobs as raw materials, and sulfuric acid is generally used as the catalyst. The domestic sulfuric acid market prices fell in April. According to monitoring data from SunSirs, the average price of domestic sulfuric acid on April 1st was 328.75 RMB/ton, and on April 30th it was 272.5 RMB/ton, a decrease of 17.11%. The downstream market was weak, with limited demand for sulfuric acid and significant pressure on manufacturers to ship, resulting in a decline in market prices.

On the demand side, the domestic furfuryl alcohol (national standard, industrial grade, 250KG/barrel) market declined in April. As of April 30th, the average quoted price of furfuryl alcohol was 10,125.00 RMB/ton (including tax), a decrease of 3.57% from 10,500.00 RMB/ton on April 1st.

Market outlook

According to Furfural Products analysts from SunSirs, the upstream sulfuric acid market for furfural continued to decline, while the downstream furfural alcohol market was declining. Furfural support was limited, and it is expected that in the near future, furfural may be mainly weakly consolidated.

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