North America
In the United States, the price of Alkyl Amine, specifically Triethyl Amine, has been on an upward trajectory in the market, driven by a robust and resilient trend among suppliers. This price surge is closely tied to favorable fluctuations in Ethanol and Ammonia prices, which have not experienced significant spikes in either direction. The US market has witnessed substantial demand for Alkyl Amine (Triethyl Amine), resulting in increased exports during the respective month.
Additional factors contributing to the price surge in the US market include rising freight charges along specific routes and tensions between the Middle East and the Panama Canal, albeit at a low level. Manufacturing PMI data for the month indicates a notable increase, reflecting the ongoing restructuring of the US economy over the past few quarters. The supply of Alkyl Amine Prices is on a downward trajectory, primarily influenced by the high prices set by the USA, diverging from overall fluctuations in feedstock markets and industrial demands in sectors such as Pharma, Textile, Detergent, Dyes and Pigments, and other miscellaneous industries.
Traders are consistently engaged in bidding activities, highlighting a stable market trend. Major industries express an optimistic outlook with potentially increased demand and strong market fundamentals.
APAC
As of the 4th Quarter of 2024, the Alkyl Amine market, specifically Triethyl Amine, in the Asia-Pacific region, with a focus on India, has witnessed a decline in prices. This decrease can be attributed, at least in part, to the supportive conditions in the feedstock market, where the prices of Ammonia and Ethanol in the domestic market have exhibited no significant momentum throughout the month. Significant players in the amines industry are undertaking substantial capital expenditures (CAPEX) to enhance their operations, with the aim of reducing import dependency on China. The lower Purchasing Managers' Index (PMI) data for this month indicates a reduction in industrial production within the domestic market. This thorough analysis sheds light on various factors influencing the Alkyl Amine (Triethyl Amine) market in India. The bearish trend is attributed to the ample availability of inventories in major industries, leading to a subdued interest from suppliers for new accumulations. At the conclusion of this quarter, the price of Alkyl Amine (Triethyl Amine) was recorded at 2186 USD/MT Ex - Mumbai, marking a decline of 4.83%.
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Europe
In the 4th Quarter, Germany has experienced a notable increase in the price of Alkyl Amine, specifically Triethyl Amine. The economic landscape is characterized by uncertainty, influenced by the prevailing interest rate policy, and escalating geopolitical risks. Major industries in Germany are encountering challenges due to the upward trajectory of raw material prices, impacting both demand and profit margins. The upward trend in the manufacturing Purchasing Managers' Index (PMI) signals increased industrial activities and heightened demand from end-users this month. Alkyl Amine (Triethyl Amine) is in substantial demand in Germany, particularly in crucial sectors such as surfactants, fertilizers, pharmaceuticals, and various miscellaneous industries within the downstream market. The demand for Alkyl Amine (Triethylamine) in Germany remains robust, with exports also exhibiting an upward trend. The apparent cessation of Chinese inventory dumping, coupled with increased domestic chemical production, has led to heightened demand from domestic manufacturers and downstream markets, indicating a positive trend for production growth. The imbalance between supply and demand dynamics, along with geopolitical tensions in the Middle East, has contributed to the price surge across the German market.
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