According to the Commodity Analysis System of Business Society, the domestic furfuryl alcohol (national standard, industrial grade, 250KG/barrel) market declined in April. As of April 30th, the average quoted price of furfuryl alcohol was 10125.00 yuan/ton (including tax), a decrease of 3.57% from 10500.00 yuan/ton on April 1st.
Cost side: The raw material for furfuryl alcohol is furfural, which is obtained by cracking and dehydrating polypentose contained in agricultural by-products. Furfural is hydrogenated and reduced to furyl alcohol under catalyst conditions. In April, the domestic furfural (national standard, industrial grade, 250KG/barrel) market fluctuated and declined. As of April 30th, the average quoted price of furfural was 9650.00 yuan/ton (including tax), a decrease of 1.46% from 10100.00 yuan/ton on April 1st.
On the demand side: Furfuryl alcohol is mainly used for the production of furfural resin, furan resin, furfuryl alcohol urea resin, phenolic resin, etc; It is also used to prepare fruit acids, plasticizers, solvents, and rocket fuels; It is also widely used in industrial sectors such as dyes, synthetic fibers, rubber, pesticides, and casting.
Business Society Furfural Product Analyst believes that currently, the upstream furfural market for furfuryl alcohol is declining, and there is limited support for furfuryl alcohol. It is expected that in the near future, furfuryl alcohol may experience a weak consolidation trend.
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