North America
The U.S. Tetrahydrofuran (THF) market witnessed a notable price decline, largely attributed to weakening demand from key downstream sectors, including spandex, PTMEG, and polymer solvents. As a vital solvent in the polymer industry, THF saw diminished consumption, particularly in applications involving polyolefins, polyesters, and polystyrenes.
The downtrend was further driven by falling feedstock (butanediol) prices, lower energy costs, and ongoing supply chain disruptions. The drop in butanediol prices significantly reduced THF production costs, contributing to a softer pricing environment. Domestic THF production remained constrained, while import volumes at major U.S. ports were projected to surpass earlier expectations due to preemptive stocking by retailers amid concerns over potential port strikes and rising tariffs.
Despite these logistical concerns, declining naphtha and butanediol prices continued to exert downward pressure. Overall, market sentiment remained subdued amid persistent macroeconomic uncertainties.
Get Real time Prices for Tetrahydrofuran (THF) : https://www.chemanalyst.com/Pricing-data/tetrahydrofuran-1213
Asia-Pacific (APAC)
The APAC Tetrahydrofuran (THF) market experienced a sustained decline in prices, driven by weakening demand from key end-use sectors such as PTMEG and spandex. The spandex industry, in particular, faced a pronounced slump, exacerbating the supply-demand imbalance and putting further strain on prices.
Softening feedstock costs—especially butanediol—added to the downward pricing trend, as reduced activity in the spandex sector weighed on THF production. While some regional producers resumed operations following scheduled maintenance, overall output remained limited in light of tepid demand from both domestic and export markets.
Volatile crude oil prices did introduce some upward pressure, but this was insufficient to reverse the prevailing downtrend. Broader macroeconomic headwinds and holiday-related disruptions further dampened sentiment, constraining recovery prospects in the region.
Europe
The European THF market continued its downward trajectory in Q4 2024, with declining prices largely fueled by sluggish demand from downstream applications, particularly PTMEG and spandex. The persistent weakness in the spandex segment deepened the supply-demand imbalance, reinforcing bearish market conditions.
Declining feedstock costs, especially for butanediol, further weighed on THF prices, as reduced output across downstream industries softened overall market dynamics. Although some producers resumed operations post-maintenance, regional production remained modest amid lackluster demand.
Falling crude oil prices offered limited support and failed to counteract broader downward pressures. Additionally, macroeconomic challenges and disruptions associated with the upcoming holiday season contributed to weakened sentiment and restrained any potential price recovery.
Get Real time Prices for Tetrahydrofuran (THF) : https://www.chemanalyst.com/Pricing-data/tetrahydrofuran-1213
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