Price trend

According to the Commodity Analysis System of SunSirs, the domestic furfuryl alcohol (national standard, industrial grade, 250KG/barrel) market fluctuated and consolidated in May. At the beginning of the month, the average quoted price of furfuryl alcohol was 10,125.00 RMB/ton, and at the end of the month, the average quoted price of furfuryl alcohol was 10,175.00 RMB/ton, an increase of 0.49% and a decrease of 12.66% compared to last year.

Analysis review

Cost side: The raw material for furfuryl alcohol is furfural, which is obtained by cracking and dehydrating polypentose contained in agricultural by-products. Furfural is hydrogenated and reduced to furyl alcohol under catalyst conditions. In May, the domestic furfural (national standard, industrial grade, 250KG/barrel) market fluctuated and declined. At the beginning of the month, the average quoted price of furfural was 9,650.00 RMB/ton (including tax), while at the end of the month, it was 9,350.00 RMB/ton, a decrease of 3.11%.

On the demand side: Furfuryl alcohol is mainly used for the production of furfural resin, furan resin, furfuryl alcohol urea resin, phenolic resin, etc; It is also used to prepare fruit acids, plasticizers, solvents, and rocket fuels; It is also widely used in industrial sectors such as dyes, synthetic fibers, rubber, pesticides, and casting.

Market outlook

SunSirs’ Furfural Product Analyst believes that as of May 28th, the upstream furfural market for furfuryl alcohol was declining, which provided poor support for furfuryl alcohol. Enterprises were shipping normally, and it is expected that furfuryl alcohol will mainly decline in the near future.

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