Tetrahydrofuran (THF) Prices, Trend, Supply & Forecast

Key Details About the Tetrahydrofuran Price Trend

In the last quarter, Tetrahydrofuran (THF) Prices saw significant fluctuations across regions due to various factors. In North America, supply chain disruptions, including a bottleneck at the Panama Canal and rising shipping costs, created a supply-demand imbalance, leading to higher prices. The cost of feedstocks, especially butanediol, a key input for THF, also surged, raising production expenses. Additionally, demand from the spandex industry, which is shifting toward more eco-friendly materials, helped sustain strong market trends despite the typical off-season for demand. In the Asia-Pacific region, fluctuating crude oil prices and logistical challenges, such as container shortages, played a crucial role in shaping the THF market. Although high inventory levels in the spandex sector moderated price increases, production cost pressures kept prices on a slight upward trend.

Tetrahydrofuran Prices Last Quarter:

United States: 2080 USD/MT
South Korea: 1874 USD/MT
Germany: 2154 USD/MT

Factors Influencing Tetrahydrofuran Prices in Different Regions

North America:

In the last quarter, THF prices in North America were affected by several key factors. Supply chain disruptions, including a bottleneck at the Panama Canal and increased shipping costs due to drought, contributed to price hikes. Higher feedstock costs, particularly for butanediol, a critical component in THF production, added to these increases. Demand from the spandex industry, driven by a push for sustainable materials, helped maintain strong market activity even during off-peak times.

Asia-Pacific (APAC):

The THF prices in the Asia-Pacific region saw stable but slightly increasing prices in Q2 2024. Higher crude oil prices led to increased production costs, while logistical challenges, such as shipping delays and container shortages, further impacted the supply chain. Although the spandex market was in its off-season, high inventory levels helped ease the pressure on demand, tempering price rises.

Europe:

In Europe, THF prices saw significant increases in Q2 2024 due to rising demand from the spandex sector and higher production costs. Feedstock prices, including butanediol and naphtha, surged, contributing to the overall cost of THF. In addition, logistical challenges, such as higher shipping costs and container shortages, worsened supply chain issues, further pushing up prices.

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Regional Price Analysis:

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

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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