Price trend

According to the Commodity Analysis System of SunSirs, the domestic furfural (national standard, industrial grade, 250KG/barrel) market fluctuated and declined this week. On May 20th, the average quoted price of furfural was 9,425.00 RMB/ton (including tax), down 0.53% from 9,375.00 RMB/ton on May 24th.

Analysis review

Cost side: As of May 24th, the main production of furfural in China is corn cobs, and sulfuric acid is generally used as the catalyst. The domestic sulfuric acid market prices had fallen this week. According to data monitoring from SunSirs, the sulfuric acid market remained stable this week, with an average price of 242 RMB/ton on May 24th. The sulfuric acid market was mainly sluggish in recent times, mainly due to insufficient demand, difficulty in digesting products, a strong wait-and-see atmosphere, and market stagnation and consolidation.

On the demand side: This week, the domestic furfuryl alcohol (national standard, industrial grade, 250KG/barrel) market fluctuated and consolidated. The average quoted price of furfuryl alcohol this week was 10,150.00 RMB/ton, a decrease of 12.85% compared to last year.

Market outlook

According to Furfural Products analysts from SunSirs, the upstream sulfuric acid market for furfural was temporarily stagnant and consolidating, while the downstream furfural alcohol market was experiencing slight fluctuations. Furfural supply and demand were both weak, and it is expected that furfural may experience a weak decline in the near future.

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