SunSirs: The Domestic Furfural Market Continued to Decline This Week

https://www.chemnet.com   May 22,2024 SunSirs

　　According to the Commodity Analysis System of SunSirs, the domestic furfural (national standard, industrial grade, 250KG/barrel) market fluctuated and declined this week. On May 11th, the average quoted price of furfural was 9,575.00 RMB/ton (including tax), and on May 17th, it was 9,425.00 RMB/ton, a decrease of 1.57%.

　　Analysis review

　　Cost side: as of May 17th, the main production of furfural in China was corn cobs, and sulfuric acid was generally used as the catalyst. The domestic sulfuric acid market prices had fallen this week. According to data monitoring from SunSirs, the average price of sulfuric acid in China was 247 RMB/ton on May 13th, and 242 RMB/ton on May 17th, a decrease of 1.98%. The short-term sulfuric acid market was mainly sluggish, mainly due to insufficient demand and difficulty in digesting products. In the later stage, it depended on the production situation of terminal fertilizer enterprises.

　　On the demand side, the domestic furfuryl alcohol (national standard, industrial grade, 250KG/barrel) market had declined this week. On May 11th, the average quoted price of furfuryl alcohol was 10,175.00 RMB/ton (including tax), while on May 17th, it was 10,150.00 RMB/ton, a decrease of 0.25%.

　　Market outlook

　　According to Furfural Products analysts from SunSirs, the upstream sulfuric acid market for furfural continued to decline, while the downstream furfural alcohol market fluctuated slightly. 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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