Tetrahydrofuran Price Trend Analysis: Q4 2024
In Q4 2024, the THF market saw price drops in most regions. China experienced a notable 8.7% decrease, with prices falling to $1538/MT, as both domestic consumption and industrial recovery remained weak. Egypt saw a 9.5% drop, with prices falling to $1754/MT, due to reduced demand from the chemicals and manufacturing sectors. Saudi Arabia’s prices dropped by 5.9%, reaching $1825/MT, as demand remained subdued.
South Korea saw an 8.6% decline, with prices falling to $1568/MT, reflecting a lack of economic momentum. Taiwan recorded a 7.8% decrease, with prices falling to $1849/MT, driven by a slowdown in industrial output. Thailand’s prices fell by 7.4%, reaching $1618/MT, as sectors like textiles and automotive showed reduced demand.
The UAE saw a 6.1% drop, with prices falling to $1899/MT, influenced by weaker demand in construction and industrial sectors. Vietnam also recorded a 7.5% decrease, with prices falling to $1955/MT, due to reduced demand in chemicals and pharmaceuticals. Overall, Q4 2024 was marked by a broad weakening of the market, with most regions facing price declines due to slower demand and economic challenges.
Tetrahydrofuran Price Trend Analysis: Q3 2024
In Q3 2024, the THF market showed positive price movements across multiple regions. China saw a modest 1.4% increase, with prices rising to $1685/MT, as domestic demand stabilized. Egypt experienced a significant 6.2% increase, reaching $1938/MT, driven by higher demand from the chemicals and pharmaceuticals sectors. Saudi Arabia’s prices rose by 2.4%, reaching $1939/MT, supported by stable demand from industrial sectors.
South Korea’s prices increased by 1.9%, reaching $1715/MT, due to consistent demand in key applications. Taiwan’s prices rose by 1.4%, reaching $2006/MT, driven by strong demand in manufacturing and coatings. Thailand saw a 2.7% increase, with prices reaching $1748/MT, as recovery in textiles and automotive demand helped lift prices.
The UAE recorded a solid 3.7% increase, with prices reaching $2023/MT, driven by robust demand in construction and industrial sectors. Vietnam experienced a 3.1% increase, with prices rising to $2113/MT, supported by growth in pharmaceuticals and chemicals. Overall, Q3 2024 saw positive trends, driven by recovery in sector-specific demand, despite broader economic uncertainties.
Tetrahydrofuran Price Trend Analysis: Q2 2024
In Q2 2024, the THF market displayed mixed trends across regions. China saw a 4.1% decline, with prices falling to $1662/MT, due to lower demand from chemicals and automotive industries. Egypt’s prices decreased by 2.9%, falling to $1826/MT, as industrial activity slowed. Saudi Arabia recorded a slight 0.8% decline, with prices at $1893/MT, reflecting moderate demand.
South Korea saw a 4.0% drop, with prices falling to $1683/MT, impacted by weaker industrial growth. Taiwan experienced a 2.4% rise, with prices reaching $1977/MT, driven by steady domestic demand. Thailand’s prices dropped by 3.9%, reaching $1702/MT, reflecting weaker consumption in key industries.
The UAE saw a minor drop of 0.5%, with prices at $1951/MT. Vietnam, however, recorded a 2.7% increase, with prices rising to $2049/MT, supported by growing demand from pharmaceuticals and chemicals. Overall, Q2 2024 was marked by mixed performance, with some regions seeing declines and others, like Vietnam, seeing growth.
Tetrahydrofuran Price Trend Analysis: Q1 2024
In Q1 2024, the THF market exhibited mixed trends across regions. In China, prices rose by 2.0%, reaching $1734/MT, supported by stable demand in chemicals and automotive sectors. Egypt recorded a 7.2% increase, with prices rising to $1880/MT, driven by strong demand in industrial and manufacturing sectors. Saudi Arabia saw a 2.8% decline, with prices falling to $1908/MT, due to weaker domestic demand.
South Korea experienced a 2.6% increase, with prices rising to $1753/MT, as demand from electronics and automotive industries remained steady. Taiwan saw a slight 0.8% decrease, with prices falling to $1930/MT, reflecting a slowdown in domestic consumption. Thailand recorded a 3.2% rise, with prices reaching $1770/MT, driven by demand from textiles and coatings.
The UAE saw a 1.1% drop, with prices at $1960/MT, influenced by lower demand in construction. Vietnam saw a 1.2% increase, with prices rising to $1995/MT, supported by growth in chemicals and pharmaceuticals. Overall, Q1 2024 was characterized by a blend of rising and falling prices, driven by regional demand fluctuations and external market conditions.