The DMAC (Dimethyl acetal amide) market price for the APAC region has been stable during the second half of March, as the industry has experienced relatively balanced supply-demand dynamics, backing the firm market conditions. The inventories remain comfortably stocked, but liquidation remains limited as buyers anticipate further softening in prices.

In the APAC region, the DMAC market is upholding a stable price trend, constrained by consistent demand across industries such as pharmaceutics and construction sector. The demand for DMAC based pharmaceutical products shows improvement, which heavily depend on DMAC, has been on the stable side, mainly in China. Waiting times this week improved in some ports but went up in Shanghai, indicating that supply-side issues are still there. These ports are experiencing berth congestion due to fog effects and delayed vessel arrivals. Moreover, the increase in freight costs of around 3% has been a major reason for the price stagnation. The pharmaceutical market, grew by a very strong 9.5% in March, which is highly encouraging.

The Indian construction sector remains steady across major regions despite a slowdown in demand for DMAC in later month of March. Further, the ongoing plant shutdowns slightly impacted the supply conditions in the market. The demand has remained on lower levels as buyers closed books in March and have not resumed purchases at the same pace. Because of the financial year-end close, the Indian market was steady last week. In March, there was a slowdown in important pharmaceutical intermediates. At the same time, the paints and coating sectors showed momentum in March which influenced the steady consumption of DMAC in the Indian market. India's manufacturing sector growth reached its highest peak in March, regaining ground lost in the previous month. Despite a little pause in the growth of international order, March saw an uptick. Companies had used their inventory levels to satisfy the heightened appetite of their customers due to buoyant demand.

It is anticipated that the DMAC prices will continue to fluctuate in the near future due to changes in the demand from downstream sectors and shifts in the price of feedstock globally. Even if market sentiment for DMAC is low right now, sluggish downstream demand and declining futures benchmarks will probably limit any recovery. In addition, the downstream paints and coating sectors are expected to remain strong in April and May 2025 due to seasonal factors. Furthermore, the new tariffs imposed by the US government might have a long term effect on the global market of DMAC.