The Dimethylaminopropylamine (DMAPA) market in India is seeing prominent changes in the final quarter of this year and is expected to experience further changes in early 2025. Currently in October, DMAPA prices have remained almost stable, showing minimal fluctuations compared to the previous month. This near stability is primarily because of constant demand for industrial applications, particularly in the cosmetics and hospitality sectors. Seasonal demand for DMAPA in manufacturing applications also contributes to holding these price levels, even though demand from other sectors has reduced amidst decline in manufacturing activities.

The current price trend of DMAPA is further affected by the movements in the prices of feedstocks, dimethylamine and acrylonitrile. Dimethylamine prices have shown notable growth with minor adjustments, while acrylonitrile has experienced significant increase, due to the disruptions in the supply chain, owing to the ongoing crisis the Red Sea region. These feedstock trends add moderate cost pressures on DMAPA production, influencing its market pricing in India.

As this quarter (Q4) progresses, the DMAPA market is expected to see price corrections. According to ChemAnalyst, prices may rise further in November, with a slight decrease anticipated in December. These fluctuations will mostly be due to changes in production rates and improvements in supply chains. As many industries decrease operations towards the year-end, demand for DMAPA is likely to reduce, possibly balancing seasonal demand with the overall market slowdown.

Looking forward, further price reduction for DMAPA is projected in January as seasonal demand reduces following the holiday season. This anticipated decline will be due to slower production activities in early Q1, which traditionally lowers the demand for DMAPA. However, as the quarter progresses, prices are expected to stabilize and then potentially increase. The expected growth in feedstocks’ prices, combined with potential growth in energy charges, could lead to higher production costs, thus supporting DMAPA prices later in Q1.

In February, the DMAPA market is likely to experience stability rather than significant growth, as demand remains steady in line with the current trends. Export demand may also contribute to maintaining stable prices without significant fluctuation. By March, as per the calculations by ChemAnalyst, a substantial price increase of about 2% to 3% could occur as demand from various sectors picks up along with potential changes in the supply chain, although the overall trend is expected to remain balanced with minor adjustments based on industrial needs.

Overall, the DMAPA market in India is set to witness a series of price variations throughout Q4 2024, followed by a phase of stability in early 2025. Market participants would certainly observe the economic changes, export mandate, and other key factors, as these will play a crucial role in deciding the market movements. The balance between seasonal demand for industrial applications and broader market scenario will be vital in concluding the direction of DMAPA prices in the coming months.