Tetrahydrofuran Price In USA

• United States: 2080 USD/MT

In Q4 2023, the price of tetrahydrofuran in the United States reached $2,080 per metric ton. While business activity remained stable, the private sector experienced a decline in employment, indicating a potential economic slowdown.

The latest report by IMARC, titled " Tetrahydrofuran Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," delivers a comprehensive analysis of tetrahydrofuran prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Tetrahydrofuran Prices December 2023:

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

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The study delves into the factors affecting tetrahydrofuran price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.

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Tetrahydrofuran Price Trend- Q4 2023

The Tetrahydrofuran (THF) market is primarily driven by several key factors contributing to its growth and dynamics. The expanding demand from downstream industries such as polymer manufacturing, particularly for polytetramethylene ether glycol (PTMEG) and spandex production, plays a significant role. As these sectors continue to grow, the need for Tetrahydrofuran as a solvent and intermediate in their manufacturing processes escalates, thereby bolstering market demand. Furthermore, the increasing adoption of Tetrahydrofuran in various applications across industries like pharmaceuticals, adhesives, coatings, and textiles further propels market expansion. Its versatile properties, including high solvency power, low viscosity, and excellent miscibility with water and other solvents, make it a sought-after ingredient in diverse applications. Additionally, technological advancements and innovations in Tetrahydrofuran production processes contribute to market growth by enhancing efficiency, reducing costs, and improving product quality. Besides, favorable regulatory frameworks and initiatives promoting sustainable chemical production and usage are driving the adoption of Tetrahydrofuran as industries prioritize environmentally friendly solutions, thus shaping the market landscape positively.

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. The Tetrahydrofuran (THF) market in North America faced a challenging fourth quarter of 2023, characterized by a decline in prices due to subdued demand and production capacity issues. Despite steady business activity in the United States, the private sector experienced a decline in employment, signaling an economic slowdown. This decline in employment aligned with anticipated signs of economic weakness in the fourth quarter. Consequently, Tetrahydrofuran demand remained moderate, particularly from downstream sectors like PTMEG and spandex, with no reported plant shutdowns. However, the prices of Tetrahydrofuran dropped throughout the quarter, reaching USD 2085/MT, FOB Texas, attributed to weak demand from PTMEG and spandex sectors coupled with reduced production rates. Container ships increasingly chose West Coast ports, avoiding delays and fees at the Panama Canal, further influencing the transportation dynamics of Tetrahydrofuran in the region.

In the United States, Tetrahydrofuran prices experienced a significant decrease throughout the quarter due to weak demand from downstream sectors like PTMEG and spandex, coupled with reduced production rates. The decline in employment in the private sector also contributed to the overall economic slowdown, impacting the demand for Tetrahydrofuran. Additionally, the transportation dynamics of Tetrahydrofuran were influenced by container ships increasingly choosing West Coast ports over the Panama Canal, affecting the distribution and pricing of the commodity in the region. These factors collectively led to a decline in Tetrahydrofuran prices, reaching USD 2085/MT, FOB Texas, by the end of the quarter.

Browse Full Report: https://www.imarcgroup.com/tetrahydrofuran-pricing-report

Key Points Covered in the Tetrahydrofuran Pricing Report: 

The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:

• Tetrahydrofuran Price Trend
• Tetrahydrofuran Prices
• Tetrahydrofuran Demand & Supply
• Tetrahydrofuran Market Analysis
• Demand Supply Analysis by Type
• Demand Supply Analysis by Application
• Demand Supply Analysis of Raw Materials
• Tetrahydrofuran Price Analysis
• Tetrahydrofuran Industry Drivers, Restraints, and Opportunities
• Tetrahydrofuran News and Recent developments
• Global Event Analysis
• List of Key Players

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

Browse More Pricing Reports by IMARC Group:

• Paraxylene Pricing Report
• Mustard Oil Pricing Report

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

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