By the end of November, Alkyl Amine (Dimethylamine) prices in the Asian market registered a significant decline. This downward trend in the Alkyl Amine (Dimethylamine) price was driven by insufficient stock management amid fluctuating supply-demand Alkyl Amine (Dimethylamine) prices across the region.

At the end of November, Alkyl Amine (Dimethylamine) prices in the Indian market declined to 47,500 INR/MT Ex-Ahmedabad. From the manufacturer’s front, Alkyl Amine Industries reported a volume growth of 8% to 10% for the first half of FY25, with Q2 FY25 reflecting a notable 17% year-on-year increase. The company expects to exceed a 10% growth rate for the entire fiscal year. Despite a recovery in India’s manufacturing sector indicated by a rise in PMI, business confidence experienced a downturn. Although there have been temporary fluctuations in supply-demand dynamics and persistent challenges in production costs and supply chain logistics, the market remains stable due to a balanced demand-supply ratio, even under pressure from increased exports from China.

In the Chinese market, Alkyl Amine (Dimethylamine) prices declined at 750 USD/MT FOB-Dalian, continuing their decline driven by the drop in ammonia prices. This decline in the Alkyl Amine (Dimethylamine) price was driven by an increase in ammonia supply following the restart of maintenance facilities and higher conversion rates from urea. Weak demand from agricultural and industrial sectors further contributed to the oversupply, intensifying price pressure. Chinese manufacturers have aggressively ramped up exports of Alkyl Amine (Dimethylamine) and other chemical products, causing disruptions in global market dynamics. This surge in exports has squeezed producer margins, prompting the US and European countries to impose antidumping duties on certain chemical imports, including aliphatic amines such as Alkyl Amine (Dimethylamine), further complicating market conditions.

Despite the challenges, there remains a steady demand in the downstream agrochemical sector. On the logistics front, freight rates from the Far East to Europe remained stable throughout November, while shipping costs to the US declined, offering some relief in transportation expenses. Export volumes of aliphatic amines, including Alkyl Amine (Dimethylamine), declined in October, indicating potential shifts within the supply chain. Additionally, the depreciation of the Chinese Yuan continues to compress manufacturer margins, exacerbating challenges related to export pricing and profitability, as lower currency values reduce revenue when converted to stronger foreign currencies, further straining financial performance.

ChemAnalyst projects that Alkyl Amine (Dimethylamine) prices will continue to trend downward in the near future. This anticipated decline in the Alkyl Amine (Dimethylamine) price is attributed to a potential oversupply in the market, with suppliers showing weaker inventory management actions. Balanced freight charges are also expected to influence pricing dynamics, providing some stability but not enough to offset the oversupply pressures.