SunSirs: This Week, the Domestic Furfuryl Alcohol Market Fluctuated and Consolidated
May 29 2024 15:07:50 SunSirs (John)
Price trend
According to the Commodity Analysis System of SunSirs, the domestic furfuryl alcohol (national standard, industrial grade, 250KG/barrel) market fluctuated and consolidated this week. The average quoted price of furfuryl alcohol this week was 10,150.00 RMB/ton, a decrease of 12.85% 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 furfuryl alcohol under catalyst conditions. This week, the domestic furfural (national standard, industrial grade, 250KG/barrel) market fluctuated and declined. 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.
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 24th, the upstream furfural market for furfuryl alcohol declined, 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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