Lately, furfuryl alcohol prices have been increasing. The increase in price is primarily due to an increase in demand. Furfuryl alcohol is well known for being a plant-based derivative rather than a petroleum-based derivative, with the majority of its producers headquartered in China. Previously, Chinese commercial policy intended to cut prices in order to drive out foreign competitors, resulting in a Chinese monopoly.
Furthermore, for the past several years, this molecule has been employed in the manufacturing of textile fibres, to meet the demand of the apparel industry, which consumes a lot of raw materials compared to foundries.
Procurement Resource provides latest prices of Furfuryl Alcohol. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Procurement Resource provides prices of Furfuryl Alcohol for several regions around the globe, which are as follows:
About Furfuryl Alcohol:
Furfuryl Alcohol is a chemical molecule having a furan substituted with a hydroxymethyl group. Although the liquid is colourless, ageing samples appear amber. It has a little burning odour and a harsh flavour. It is miscible in water yet unstable. It can be dissolved in most organic solvents.
Hydrogenation of hydrogen and furfural produces furfuryl alcohol. Furfuryl alcohol is produced after furfural and hydrogen are sent to a hydrogenation reactor. The furfural residue is returned to the reactor for further processing.
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The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
Procurement Resource also provides the detailed production cost analysis of Furfuryl Alcohol See more