North America
When compared with the previous quarter, the price of Diethylenetriamine Prices in the North American market witnessed an uptick in the market purchases, resulting in higher price trajectory. In the North American market, the DETA market showcases an upper price trend along with an uptick in the trading fundamentals.
The improvement in the downstream market along with market participants in the trading activities further boosts the price trend. Supply/demand imbalance in the German market continued to fuel selling interest among the suppliers with the revision in the price trend. When compared with Q3 2023, the demand for DETA from the downstream Silicone Rubber market remains moderate and suppliers revised their offers as per the buyer's need.
The bidding price of DETA elevated in the North American region due to insufficient product availability. Shipments from the region to the overseas market traded higher with firmer bids and strong market fundamentals. As a result of limited stocks, suppliers willingly elevated the prices due to the high volume of transactions in the regional market.
Asia Pacific
In Q4 2023, a steady improvement in purchasing appetite and a jump in demand from distributors, trade among suppliers remains elevated in the Asia Pacific region. However, queries from China to India remained, but purchasers paid larger prices. DETA producers were able to put their higher bids and optimistic market trade flows into action. DETA kept its place as the more active commodity in the Asia Pacific market due to rise in its consumption from Polymer production and textile industry along with the uptick in completed volumes during the month. The vast majority of DETA dealers elevated their price trend this quarter with recovering profit margins and sales. Fresh stock markets remain healthy, and with the healthy purchasing activities, producers started to position tightness. In India the price of DETA was USD 4241/ton CFR JNPT during Dec 2023. In India, the DETA market has experienced a significant uptick in prices and significant producers have announced the spot prices to increase by significant margin. This hike reflects the low operating rates and a depletion of regional DETA inventory. As a result, the market's DETA supply remains tight despite challenging circumstances.
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Europe
When compared with the previous quarter, the price trend of DETA in Germany witnessed an upward price trajectory along with increase in rapid consumption of product inventories. DETA prices gained a stance as a result of tepid demand and the continuous utilization of existing inventories by downstream ventures. The market offered was raised due to the overall strong regional demand for European cargoes and the increasing bidding for new stocks. However, there was no additional room for price increments as the market took a downward purchasing trend towards the end of Nov 2023. Nevertheless, in Dec DETA demand from German’s manufacturing units sector shrinks and production unit started operating their plant cautiously as per the downstream requirement. The trough coincides with overcapacity in many petrochemical value chains. This has exposed Europe's lack of competitiveness, most notably in the DETA market, and prompted several companies to cut their production rate to avoid further stockpiles. In Germany, the price of DETA declined to USD 3500/ton FD Hamburg during Dec 2023.
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