Tetrahydrofuran Prices December 2023
Product
|
Category |
Region |
Price |
Tetrahydrofuran |
Chemical |
USA |
2080 USD/MT |
Tetrahydrofuran |
Chemical |
South Korea |
1874 USD/MT |
Tetrahydrofuran |
Chemical |
Germany |
2154 USD/MT |
The tetrahydrofuran prices in the United States for Q4 2023 reached 2080 USD/MT in December. The prices saw a downturn primarily due to sluggish demand from sectors including spandex and PTMEG, and reduced production rates. Despite steady economic activity, the private sector witnessed a downfall in employment, reflecting a significant slowdown. Moreover, shipping routes were modified as container ships opted for West Coast instead of Panama Canal.
The price trend for tetrahydrofuran in South Korea for Q4 2023, reached 1874 USD/MT in December. Declined production rates and average supply led to a negative trend. Furthermore, market witnessed a low purchase sentiment as demand from downstream sectors weakened, and stockpile elevated. Additionally, buyers anticipated a surge in supply pertaining to logistics constraints.
The price trend for tetrahydrofuran in Germany for Q4 2023, reached 2154 USD/MT in December. The market witnessed a stable trend amidst moderate demand from sectors such as spandex and PTMEG. Moreover, the price trend was steered by disruptions in upstream material supply majorly due to geopolitical conflicts, influencing naptha and crude oil prices. Additionally, steady inventories maintained price stability and kept market activity sluggish.
Tetrahydrofuran Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Tetrahydrofuran Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of tetrahydrofuran pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of tetrahydrofuran at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of tetrahydrofuran price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing tetrahydrofuran price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Tetrahydrofuran Market Analysis
The global tetrahydrofuran market size reached US$ 4.5 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 8.4 Billion, at a projected CAGR of 7.20 % during 2023-2032.
- Tetrahydrofuran is used as an acid catalyst to produce polytetramethylene ether glycol (PTMEG). PTMEG is used in various applications, including polyurethane resins, prepolymers, coatings, adhesives, cast polyurethane resins, and spandex fibers. Based on data provided by Businesswire, more than 65% of tetrahydrofuran is used in the manufacturing of PTMEG, especially in the production of spandex and other polyurethanes.
- According to S&P Global, Northeast Asia accounted for more than 80% of world tetrahydrofuran consumption in 2022. Southeast Asia closely follows the United States and Western Europe as the second-largest market for THF. The largest market for THF is China, which will drive the market during the projection period and account for more than two-thirds of worldwide consumption in 2022.
- S&P Global claims that approximately 80% of women experience hormone imbalances attributed to low levels of estrogen, progesterone, testosterone, and thyroid hormones. These imbalances often lead to various physical and mental health issues. Hormone fluctuations are a result of natural changes like puberty, perimenopause, and menopause, but unhealthful lifestyle choices and external circumstances can also exacerbate them. These abnormalities might hasten the aging process and hormone decrease, affecting anything from the start of early puberty to general health decline. The growing instances of hormonal imbalance among the female population due to lifestyle habits, environmental conditions, and endocrine gland malfunctions are driving the demand for pharmaceuticals. This is catalyzing the demand for tetrahydrofuran around the world.
- Tetrahydrofuran serves as a versatile solvent with several key applications, including the production of polyvinyl chloride (PVC), which is a common material used in indoor plumbing. Additionally, tetrahydrofuran is utilized in dissolving PVC, making it a primary component in PVC adhesives. Moreover, tetrahydrofuran is used in the PVC film casting and reactor cleaning procedures, which emphasizes its significance in a variety of PVC production and processing-related industrial applications.
Tetrahydrofuran News
The report covers the latest developments, updates, and trends impacting the global tetrahydrofuran market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in tetrahydrofuran production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the tetrahydrofuran price trend.
Latest developments in the tetrahydrofuran industry:
- In October 2023: BASF supplied biomass balanced tetrahydrofuran (THF BMB) to Asahi Kasei for sustainable stretch fiber production, reducing carbon dioxide emissions by 50%. Tetrahydrofuran, utilized in this collaboration, is crucial for PolyTHF® production, facilitating elastic fiber manufacturing and serving as an organic solvent in various syntheses.
Product Description
Tetrahydrofuran is a colorless and transparent organic liquid that is classified as a heterocyclic ether. It is mostly produced by reducing furan with hydrogen gas in the presence of a catalyst, such as nickel or palladium. This helps in the creation of high-quality tetrahydrofuran, which is utilized in a wide range of industrial applications. It is a useful solvent and reaction medium in organic synthesis and polymer chemistry due to its low viscosity, high boiling point, and solvency qualities.
Tetrahydrofuran is an intermediate in the production of tetramethylene ether glycol (PTMEG), an essential ingredient in the creation of polyurethane elastomers and elastane fibers.
It is also utilized in the synthesis of pharmaceuticals and agrochemicals and as a reaction solvent in organic chemistry laboratories. Furthermore, tetrahydrofuran is a crucial component in lithium-ion (Li-on) battery electrolytes, enhancing the performance and stability of the battery.
Regional Coverage
The report provides a detailed analysis of the tetrahydrofuran market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the tetrahydrofuran price trend.
Global Tetrahydrofuran Price
The report offers a holistic view of the global tetrahydrofuran pricing trends in the form of tetrahydrofuran price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into tetrahydrofuran historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into tetrahydrofuran price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed tetrahydrofuran demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Tetrahydrofuran Price
In Q4 2023, a stable price trend was witnessed in Europe. Mild demand from spandex and PTMEG sectors continued, while the furnishing and construction sectors experienced a significant drop in associated products such as adhesives and coatings. The demand-supply balance was disturbed by fluctuations in naptha inventory from exporting countries, creating imbalances in market dynamics. Geopolitical conflicts, such as Israel-Palestine war and Red Sea ships attack, enhanced pressure by influencing supplies of naptha and upstream crude oil. Even though stock was ample, these factors constrained the market, leading to a sluggish demand and prompting manufacturers to manage price stability amid strained product availability.
This analysis can be extended to include detailed tetrahydrofuran price information for a comprehensive list of countries.
Region |
Countries Covered |
Europe |
Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Tetrahydrofuran Price
During Q4 2023, tetrahydrofuran market in North America witnessed a downturn, primarily driven by lowered demand and difficulties in production capacities. Although stable economic activity was observed in the US, a downturn in private sector employment reflected an economic contraction. With steady stocks of crude oil, the market experienced an average demand from major industries like spandex and PTMEG. The tetrahydrofuran prices further dropped, affected by sluggish demand and reduced production rates. Moreover, shipping logistics altered as container ships chose West Coast to bypass both fees and delays at the Panama Canal, leveraging rail transport to access domestic markets. Additionally, no plant shutdowns were witnessed in the last quarter.
Specific tetrahydrofuran historical data within the United States and Canada can also be provided.
Region |
Countries Covered |
North America |
United States and Canada |
Middle East and Africa Tetrahydrofuran Price
The report explores the tetrahydrofuran pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on tetrahydrofuran prices for countries can also be provided.
Region |
Countries Covered |
Middle East & Africa |
Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Aisa Pacific Tetrahydrofuran Price
In Asia Pacific, marked witnessed constant levels of production, but supply encountered difficulties in meeting demand, resulting in a negative price trend. This quarter experienced a declined output and low demand from sectors such as solvents, PTMEG, and spandex. South Korea, in particular, bearish trend was noted, represented by average supply and lowered production rates, while saturation at the Panama Canal and elevated activities of toluene disproportionation pointed to a possible surplus in supply. Resultantly, both international and domestic buyers were reluctant to adopt current prices, and downstream consumers were prudent in placing orders because of increasing stockpile.
This tetrahydrofuran price analysis can be expanded to include a comprehensive list of countries within the region.
Region |
Countries Covered |
Aisa Pacific |
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Tetrahydrofuran Price
The analysis of tetrahydrofuran prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
Region |
Countries Covered |
Latin America |
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
Key Attributes |
Details |
Product Name |
Tetrahydrofuran |
Report Features |
Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Tetrahydrofuran Price Analysis, and Segment-Wise Assessment. |
Currency/Units |
US$ (Data can also be provided in local currency) or Metric Tons |
Region/Countries Covered |
The current coverage includes analysis at the global and regional levels only.
Based on your requirements, we can also customize the report and provide specific information for the following countries:
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand*
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece*
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru*
Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco*
*The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
Information Covered for Key Suppliers |
- Company Overview
- Business Description
- Product Portfolio
- Recent Trends and Developments
|
Customization Scope |
The report can be customized as per the requirements of the customer |
Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
- Scope
- Historical Data for the Current Month
- Forecast for Next Month
- Total Deliverables Per Year: 12 (One Per Month)
- Includes: One PDF and Excel datasheet per month, Post Purchase Analyst Support throughout the year
Plan B: Quarterly Updates - Annual Subscription
- Scope
- Historical Data for the Current Quarter
- Forecast for Next Quarter
- Total Deliverables Per Year: 4 (One Per Quarter)
- Includes: One PDF and Excel datasheet per Quarter, Post Purchase Analyst Support throughout the year
Plan C: Biannually Updates - Annual Subscription
- Scope
- Historical Data for the Current Half
- Forecast for the Next Half
- Total Deliverables Per Year: 2 (One Per 6 Months)
- Includes: One PDF and Excel datasheet per Half, Post Purchase Analyst Support throughout the year
|
Post-Sale Analyst Support |
360-degree analyst support after report delivery |
Delivery Format |
PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of tetrahydrofuran pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting tetrahydrofuran price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The tetrahydrofuran price charts ensure our clients remain at the forefront of the industry.