SunSirs: The Domestic Furfuryl Alcohol Market Fluctuated Slightly This Week
May 14 2024 11:13:15 SunSirs (John)
Price trend
According to the Commodity Analysis System of SunSirs, the domestic furfuryl alcohol (national standard, industrial grade, 250KG/barrel) market had declined this week. As of May 11th, the average quoted price of furfuryl alcohol was 10,175.00 RMB/ton (including tax), an increase of 0.49% from May 1st's 10,125.00 RMB/ton.
Analysis review
Cost side: The raw material for furfuryl alcohol was furfural, which was obtained by cracking and dehydrating polypentose contained in agricultural by-products. Furfural was hydrogenated and reduced to furfuryl alcohol under catalyst conditions. This week, the domestic furfural (national standard, industrial grade, 250KG/barrel) market fluctuated and declined. As of May 11th, the average quoted price of furfural was 9,575.00 RMB/ton (including tax), a decrease of 0.78% from May 1st's 9,650.00 RMB/ton.
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
According to analysts from SunSirs Furfural Products, the upstream furfural market for furfural alcohol was declining, which provided poor support for furfural alcohol. It is expected that furfural alcohol will mainly decline in the near future.
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