For the Quarter Ending December 2025
North America
• In USA, the Tetrahydrofuran Price Index rose by 3.25% quarter-over-quarter, supported by exports and feedstock.
• The average Tetrahydrofuran price for the quarter was approximately USD 2507.67/MT, backed by balanced downstream demand.
• Tetrahydrofuran Spot Price fell in December as merchant inventories rose, pressuring the Price Index downward.
• Tetrahydrofuran Price Forecast indicates downside risk near term given ample supply and subdued export arbitrage.
• Tetrahydrofuran Production Cost Trend softened as 1,4-butanediol costs eased, improving producer margins not lifting offers.
• Tetrahydrofuran Demand Outlook is muted as downstream converters keep nominations near minima amid soft apparel.
• Balanced domestic plant run-rates and steady exports stabilized the Tetrahydrofuran Price Index throughout the quarter.
• Rising merchant stocks and Gulf Coast operations increased supply, contributing to Tetrahydrofuran Spot Price weakness.
Why did the price of Tetrahydrofuran change in December 2025 in North America?
• Uninterrupted Gulf Coast production and higher distributor inventory created visible oversupply, weighing on FOB Texas price levels.
• Slipping 1,4-butanediol feedstock costs slightly improved margins but failed to stimulate stronger buying interest from converters.
• Import arbitrage closed due to freight and duty, limiting Asian discount impact and supporting local price resilience.
APAC
• In Japan, the Tetrahydrofuran Price Index fell by 3.35% quarter-over-quarter, reflecting ample import flows domestically.
• The average Tetrahydrofuran price for the quarter was approximately USD 1356.33/MT CFR Tokyo import basis.
• Mild inventory accumulation pressured the Tetrahydrofuran Spot Price as import flows remained steady from China.
• Soft downstream activity contributed to a cautious Tetrahydrofuran Demand Outlook, limiting restocking and price upside.
• Freight easing and steady feedstock kept Tetrahydrofuran Production Cost Trend stable, reducing supplier margin pressure.
• Analysts expect limited movement in the Tetrahydrofuran Price Forecast given balanced supply and demand recovery.
• Ports operated normally, supporting import cadence while the Tetrahydrofuran Price Index exhibited narrow, range-bound variation.
• No plant outages reported, export availability stayed consistent and Price Index stability persisted through December.
Why did the price of Tetrahydrofuran change in December 2025 in APAC?
• Ample imports from China and India kept supply elevated, capping upward price pressure in December.
• Eased freight costs and stable feedstock limited landed cost increases, reducing cost-push drivers this month.
• Modest downstream procurement and comfortable inventories discouraged restocking, maintaining narrow, range-bound pricing in December period.
Europe
• In Germany, the Tetrahydrofuran Price Index rose by 6.07% quarter-over-quarter, supported by production and exports.
• The average Tetrahydrofuran price for the quarter was approximately USD 2487.67/MT, reflecting balanced supply conditions.
• Tetrahydrofuran Spot Price remained pressured later in December as sellers negotiated against comfortable merchant inventories.
• Tetrahydrofuran Price Forecast indicates modest near-term softening driven by feedstock abundance and subdued transactional volumes.
• Tetrahydrofuran Production Cost Trend remained contained as stable gas and electricity quotes limited upward cost pressure.
• Tetrahydrofuran Demand Outlook is neutral with automotive slowdown offset by growing electrolyte-grade battery sector purchases.
• Tetrahydrofuran Price Index volatility increased late December following feedstock restarts, adding upstream availability and downward pressure.
• Terminal congestion at CTB constrained shipments, moderating potential price falls and affecting short-term export timings.
Why did the price of Tetrahydrofuran change in December 2025 in Europe?
• Feedstock restarts increased 1,4-butanediol availability, expanding merchant supply and applying downward pressure on spot prices.
• Stable energy quotes limited production cost escalation, preventing upward price momentum despite some demand resilience.
• Port congestion at CTB temporarily delayed shipments, moderating price declines by restricting immediate oversupply to markets.
For the Quarter Ending September 2025
North America
• In USA, the Tetrahydrofuran Price Index rose by 5.66% quarter-over-quarter, supported by stronger downstream demand.
• The average Tetrahydrofuran price for the quarter was approximately USD 2428.67/MT, reflecting balanced supply and steady procurement.
• Tetrahydrofuran Spot Price firmed on export interest while domestic procurement remained disciplined and contracted consistently.
• Tetrahydrofuran Price Forecast remains cautiously positive as balanced supply and steady feedstock limit volatility ahead.
• Tetrahydrofuran Production Cost Trend showed stability thanks to consistent 1,4-butanediol and energy input pricing dynamics.
• Tetrahydrofuran Demand Outlook highlights steady pulls from PTMEG, spandex and solvent applications sustaining upstream flows.
• Tetrahydrofuran Price Index strength was underpinned by high Gulf Coast output and uninterrupted logistics operations.
• Tetrahydrofuran Spot Price liquidity was constrained by balanced inventories and disciplined seller offer strategies today.
Why did the price of Tetrahydrofuran change in September 2025 in North America?
• Persistent downstream demand from PTMEG and spandex production increased offtake versus prior months, notably August.
• Stable feedstock 1,4-butanediol and quiet energy markets prevented significant production cost escalation during the summer period.
• Balanced inventories and smooth Gulf Coast logistics limited supply shocks while supporting steady export volumes.
Europe
• In Germany, the Tetrahydrofuran Price Index rose by 7.45% quarter-over-quarter, driven by port and rail congestion.
• The average Tetrahydrofuran price for the quarter was approximately USD 2345.33/MT, reflecting balanced domestic and export demand.
• Tetrahydrofuran Spot Price experienced short-term firmness as constrained merchant liquidity and terminal capacity tightened availability.
• Tetrahydrofuran Price Forecast suggests limited near-term upside with potential mild corrections if logistics improve soon.
• Tetrahydrofuran Production Cost Trend remained neutral as butanediol feedstock prices held steady across the quarter.
• Tetrahydrofuran Demand Outlook stayed cautious with hand-to-mouth buying from PTMEG, spandex, and specialty polymer sectors.
• Inventory levels remained comfortable, so the Tetrahydrofuran Price Index flattened despite export flows and stable production.
• Port constraints and rail delays supported seller confidence, underpinning offers reflected in the Tetrahydrofuran Price Index
Why did the price of Tetrahydrofuran change in September 2025 in Europe?
• Port and rail congestion reduced short-term availability, exerting upward pressure on German Tetrahydrofuran prices markets.
• Stable butanediol feedstock limited production cost volatility, preventing significant downward movement in the Price Index.
• Balanced export demand and comfortable inventories encouraged sellers to maintain elevated offers rather than discounting
APAC
• In Japan, the Tetrahydrofuran Price Index fell by 0.78% quarter-over-quarter, pressured by softer downstream demand and ample supply.
• The average Tetrahydrofuran price for the quarter was approximately USD 1403.33/MT, reflecting range-bound market conditions.
• Tetrahydrofuran Spot Price remained range-bound at CFR Tokyo, keeping Tetrahydrofuran Price Index neutral amid balanced inventories.
• Tetrahydrofuran Price Forecast shows modest fluctuations, with analysts expecting sideways to slightly softer movement over short-term horizon.
• Tetrahydrofuran Production Cost Trend reflected stable butanediol costs, limiting pressure on producers' margins and price rises.
• Tetrahydrofuran Demand Outlook remains muted as PTMEG and spandex demand softness restrains incremental offtake this quarter.
• Comfortable inventories, steady imports, and resumed plant operations kept the Tetrahydrofuran Price Index subdued and transactional.
• Rising intra-Asia freight volatility influenced landed costs, pressuring Tetrahydrofuran Spot Price and marginally compressing margins.
Why did the price of Tetrahydrofuran change in September 2025 in APAC?
• Ample domestic output plus uninterrupted imports from China and India increased supply, pressuring spot prices.
• Easing intra-Asia container rates reduced landed CFR costs, lowering price pressure despite monsoon-related port delays.
• Soft PTMEG and spandex demand with stable BDO costs kept production economics steady; demand subdued.
For the Quarter Ending June 2025
North America
• The Tetrahydrofuran Price Index in the U.S. recorded a stable-to-slight increase in Q2 2025. This upward trend was supported by consistent demand from key sectors like pharmaceuticals, coatings, and polymers.
• The July price uptick was attributed to steady downstream consumption and minor increases in feedstock prices, particularly butanediol (BDO), which shaped the Tetrahydrofuran Production Cost Trend.
• The Tetrahydrofuran Spot Price hovered between USD 2180–2250/MT FOB Texas, with minimal week-to-week volatility. Limited supply chain constraints and firm supplier pricing kept the market well-balanced.
• THF producers maintained steady output post-holiday, with moderate capacity utilization. Conservative procurement behavior limited any major inventory swings.
• The Tetrahydrofuran Demand Outlook in the U.S. remained positive due to stable seasonal usage in polymer and pharmaceutical applications. Buyers adjusted procurement cautiously in response to broader macroeconomic signals, but overall demand showed resilience.
• Despite tariff-related uncertainty, including ongoing China-U.S. trade tensions, no significant disruptions were observed in end of the quarter domestic supply chain.
Asia-Pacific (South Korea)
• South Korea's Tetrahydrofuran Price Index witnessed a marginal rise in July 2025, primarily due to stable demand and cautious production aligned with post-holiday restocking cycles.
• The July price change reflected increased export orders to Southeast Asia and the EU, despite broader global demand headwinds. Falling logistics costs and feedstock stability helped cushion the Tetrahydrofuran Production Cost Trend.
• The Tetrahydrofuran Spot Price in South Korea ranged between USD 2200–2300/MT CFR Busan, supported by consistent purchasing from the fiber, electronics, and automotive sectors.
• While much of South Korea’s THF is imported from China, domestic production remained steady. The strong logistics infrastructure mitigated freight-related cost pressures.
• The Tetrahydrofuran Demand Outlook remained steady, buoyed by demand from high-tech manufacturing (e.g., spandex and specialty polymers). Strategic export targeting helped maintain consumption levels despite softer global industrial growth.
• Although feedstock prices like butanediol (BDO) were stable, South Korea remained exposed to shifts in Chinese trade behavior due to its reliance on THF imports from Chinese suppliers.
Europe (Germany)
• Germany's Tetrahydrofuran Price Index remained flat in July 2025, reflecting a stagnant yet stable market. No significant price swings were observed due to balanced supply-demand dynamics.
• The unchanged price trend was driven by steady raw material costs (BDO) and modest industrial output gains, which helped maintain a flat Tetrahydrofuran Production Cost Trend.
• Supply chains functioned smoothly, and THF manufacturing continued at stable levels with low capacity utilization, helping prevent oversupply. Inventory management remained a priority for producers.
• The Tetrahydrofuran Demand Outlook in Germany remained cautiously stable. Demand from end-use sectors such as coatings, pharmaceuticals, and polymer production held firm, supported by a needs-based procurement strategy from buyers.
• While broader economic risks persisted, Germany’s rational inventory control and supply predictability helped maintain market calm through July.
For the Quarter Ending March 2025
North America
In Q1 2025, Tetrahydrofuran (THF) prices in the U.S. experienced a generally stable trend, driven by weak demand from key sectors like PTMEG and spandex, alongside fluctuating feedstock costs.
The quarter began with stagnation in early January as reduced downstream activity, particularly in the spandex industry, coupled with falling butanediol prices, led to softer pricing. By mid-quarter, slight price upticks were observed as feedstock costs stabilized, although the overall demand outlook remained cautious due to slower domestic manufacturing and macroeconomic uncertainties. Despite this, the resumption of production after maintenance and a steady supply of butanediol helped mitigate price declines.
The impact of rising crude oil prices added some pressure on production costs, but the steady supply of raw materials provided stability. As downstream industries gradually resumed post-holiday, demand-driven purchasing helped stabilize the market. The overall price trend remained relatively flat with minor fluctuations, reflecting a cautious yet balanced market influenced by global trade concerns and moderate production recovery.
APAC
In Q1 2025, Tetrahydrofuran (THF) prices in the APAC region experienced fluctuations driven by weak demand and varying feedstock costs. The quarter began with a decline in prices due to reduced demand from the spandex and PTMEG sectors, compounded by lower butanediol (BDO) prices and operational disruptions during the Chinese New Year. As production resumed post-holiday, demand for THF in downstream industries, particularly weaving, gradually picked up, leading to a modest recovery in prices in February and March. While BDO costs remained stable and showed signs of recovery, this helped stabilize THF prices and avoid further declines. However, macroeconomic concerns, such as potential geopolitical tensions and global trade uncertainties, weighed on market sentiment. Despite these challenges, the quarter ended with a cautious stabilization in THF prices, as production ramped up and downstream industries adjusted to market conditions.
Europe
In Q1 2025, the Tetrahydrofuran (THF) market in Germany saw minimal price movement, largely due to weak demand from key sectors such as spandex, PTMEG, and polymer solvents. This stagnation was further supported by a decline in feedstock (butanediol) prices, which helped reduce production costs, alongside falling energy prices. Despite stable raw material prices, demand projections remained weak, influenced by macroeconomic concerns, ongoing supply chain disruptions, and the impact of the holiday season. Throughout the quarter, THF prices showed slight fluctuations, driven by shifting feedstock costs and a subdued demand outlook. Production in Germany remained constrained, with port congestion and operational inefficiencies affecting supply chains, although production gradually picked up as downstream industries resumed post-holiday activity. The European Commission's push for sustainable textile practices also added complexity to the market dynamics. By the end of Q1 2025, THF prices stabilized due to steady feedstock availability, but the overall outlook remained cautious as demand remained tepid, influenced by both local economic conditions and broader global factors.
