Asian Alkyl Amine (Dimethylamine) Market Sees Price Gains Amid Supply Adjustments and Firm Sector Demand
- 24-Feb-2025 8:15 PM
- Journalist: Gabreilla Figueroa
In mid-February, the Asian Alkyl Amine (Dimethylamine) market observed a steady upward trend, influenced by controlled supplier strategies, limited inventories, and stable procurement from major downstream industries. Market participants in India and China noted firm pricing strategies, with suppliers maintaining higher offers due to elevated production costs and tighter availability. While sector-specific demand fluctuated, overall supply dynamics and cost pressures played a significant role in sustaining the positive Alkyl Amine (Dimethylamine) price momentum.
In India, Alkyl Amine (Dimethylamine) prices remained on an upward trajectory as suppliers managed inventories strategically and adjusted pricing to reflect increased input costs. The pharmaceutical sector played a critical role in sustaining market activity, offsetting weaker buying interest from the agrochemical segment.
On the cost side, production expenses for Alkyl Amine (Dimethylamine) edged higher. Methanol, a key feedstock, saw a price rebound after a temporary decline, driven by constrained availability. Meanwhile, Ammonia prices showed a marginal increase, adding further pressure on production costs. Manufacturers responded by maintaining controlled supply allocations, ensuring firm pricing despite moderate demand from certain end-use sectors.
The agrochemical sector, which significantly influences Alkyl Amine (Dimethylamine) consumption, experienced a slowdown in the previous quarter. Prominent industry players faced revenue declines, reflecting weak market conditions. This translated into lower procurement activity for DMA-based applications. However, the pharmaceutical sector remained resilient, demonstrating stable growth and consistent raw material demand. Key pharmaceutical manufacturers posted positive financial performance, citing robust product portfolios and strong sales momentum. This stability reinforced steady Alkyl Amine (Dimethylamine) consumption in the Indian market.
In China, Alkyl Amine (Dimethylamine) prices followed an upward trajectory in early February, primarily driven by supply constraints and export activity. Logistics efficiencies improved, yet higher export volumes in December led to reduced domestic stock availability.
Although procurement from domestic buyers slowed towards the month’s end, active purchasing from the pharmaceutical and agrochemical sectors earlier in February helped sustain the price gains. Additionally, suppliers opted to rely on existing inventories rather than ramping up fresh production, further limiting availability. These supply-side adjustments contributed to the continued uptrend in Alkyl Amine (Dimethylamine) prices.
Looking ahead, Alkyl Amine (Dimethylamine) prices in Asia are anticipated to remain elevated due to inventory depletion, controlled supplier strategies, and expected demand recovery post-holiday. With supply levels tightening across key markets, restocking activities from buyers could contribute to further price momentum. While external demand trends remain uncertain, domestic supply limitations and firm procurement from stable sectors are expected to keep the market supported in the near term.