Price trend

According to the Commodity Analysis System of SunSirs, the domestic furfural (national standard, industrial grade, 250KG/barrel) market fluctuated and declined in May. 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%.

Analysis review

Cost side: 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 declined in May, with an average price of 272 RMB/ton on May 1st and 247 RMB/ton on May 24th. The short-term sulfuric acid market is mainly sluggish, mainly due to insufficient demand, difficulty in digesting products, a strong wait-and-see atmosphere, and market stagnation and consolidation.

On the demand side, 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 furyl alcohol was 10,125.00 RMB/ton, and at the end of the month, the average quoted price of furyl alcohol was 10,175.00 RMB/ton, an increase of 0.49% and a decrease of 12.66% 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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