SunSirs: The Domestic Furfuryl Alcohol Market Continued to Decline in April
May 08 2024 11:17:49 SunSirs (John)
Price trend
According to the Commodity Analysis System of SunSirs, 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.
Analysis review
Cost side: The raw material for furfuryl alcohol is furfural, which was obtained by cracking and dehydrating polypentose contained in agricultural by-products. Furfural is hydrogenated and reduced to furfuryl alcohol under catalyst conditions. In April, the domestic furfural (national standard, industrial grade, 250KG/barrel) market fluctuated and declined. 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.
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 April 30th, the upstream furfural market for furfuryl alcohol was declining, and there was limited support for furfuryl alcohol. It is expected that in the near future, furfuryl alcohol may experience a weak consolidation trend.
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