As of the last week of October, the global market price of Alkyl Amine (Dimethylamine) experienced a significant increase. This price rise of Alkyl Amine (Dimethylamine) is largely driven by intensified demand from downstream markets, with substantial cost hikes in key feedstocks like Ammonia and Methanol. Suppliers are experiencing a supply-demand imbalance, prompting a slight increase in Dimethylamine prices. This supply shortfall, compounded by elevated raw material prices, continues to apply upward pressure on the market, underpinning recent gains and supporting an ongoing price increase for Alkyl Amine (Dimethylamine).

In China, Alkyl Amine (Dimethylamine) prices have shown a marginal rise, now positioned at 770 USD/MT FOB-Dalian, following a period of consecutive price reductions. This slight uptrend is driven by suppliers gradually increasing inventory levels and an uptick in feedstock prices, particularly Ammonia and Methanol. In the past two weeks, Ammonia prices have risen by 1.7%, while Methanol prices have increased by 0.7%. With these adjustments in raw material costs and a cautious buildup in Dimethylamine stocks, suppliers are taking a conservative approach to stabilize prices and prevent further volatility. This combination of supply and feedstock dynamics provides a solid basis for the marginal rise in Alkyl Amine (Dimethylamine) pricing.

In the U.S. market, Alkyl Amine (Dimethylamine) prices have risen to 3050 USD/MT DEL-USGC, fueled by a strong recovery in key sectors, particularly agriculture and pharmaceuticals. The price increase of Alkyl Amine (Dimethylamine) is largely due to escalating ammonia costs, a critical feedstock, which has raised production expenses. In mid-October 2024, North American ammonia prices jumped by 2.7% over the prior two weeks, driven by high natural gas costs and weather-induced shutdowns that created supply constraints. Major facilities, such as those of LSB Industries and Nutrien, halted operations, further tightening ammonia availability. Additionally, recent hurricane-related shutdowns at key ammonia facilities have reduced domestic production capacity, limiting supply volumes in the market. Further, logistical challenges, including port delays and limited transport options, are disrupting the ammonia supply chain, causing regional shortages and increasing cost pressures. Although methanol supplies have remained stable, steady demand and rising ammonia costs have prompted upward price adjustments in Alkyl Amine (Dimethylamine) to balance expenses and meet sector demands.

In the Indian market, Alkyl Amine (Dimethylamine) prices experienced a slight increase over the period. Manufacturers reported higher volumes, with revenue rising to 415 Cr in Q2, supported by strong performance in the Alkyl Amine segment, resulting in an EBITDA of 74 Cr. However, despite this revenue growth, margins showed a notable decline this quarter, reflecting increased operational costs and other market pressures.

ChemAnalyst forecasts a positive outlook for Alkyl Amine (Dimethylamine) prices in the near term, supported by anticipated inventory accumulation from suppliers. This strategy addresses a forecasted demand-supply gap likely to persist in the short term. By proactively managing inventories, suppliers aim to ensure steady market availability, which may support an upward price trend of Alkyl Amine (Dimethylamine) as they navigate this anticipated imbalance.