Triethyl Amine Prices Jump in Asia Due to Supply Shortages and Growing Demand
- 04-Feb-2025 6:45 PM
- Journalist: Sasha Fernandes
By H2-January, Triethyl Amine prices in Asia witnessed a significant rise, largely due to reduced inventory levels that disrupted the supply-demand balance. The resulting supply constraints made it challenging for buyers to secure sufficient volumes, driving Triethyl Amine prices higher. While feedstock costs remained stable, steady consumption and limited availability sustained the Triethyl Amine price surge.
Production conditions showed improvement, but strong demand from key sectors like agrochemicals and pharmaceuticals continued to support the upward trend. Industrial applications also maintained steady consumption, adding further pressure to market pricing.
In India, Triethyl Amine prices climbed 0.5% over the latter half of January, influenced by growing demand and a global inventory shortfall that strained supply chains. Feedstock price movements had mixed effects—ethanol saw a slight 1.2% increase, whereas aqueous ammonia remained stable, creating an uneven cost impact for producers.
The agrochemical sector, a major consumer of Triethyl Amine, is poised for high single-digit volume growth in the short term. Factors such as favorable weather, a 15-day seasonal delay, and strong Kharif crop sales have contributed to this outlook. However, lower pest infestations in certain areas have tempered demand projections. Despite subdued volumes in the previous quarter, the overall sentiment remains positive, with demand expected to strengthen in the coming months.
In China, Triethyl Amine prices also rose sharply in H2-January by 2.5%, driven by declining inventory levels and increasing domestic and international demand. Rising consumption across key sectors further tightened supply chains, intensifying shortages and supporting the Triethyl Amine price gains.
Feedstock price fluctuations had little impact on the overall market trend. Ammonia prices continued to decline, while ethanol rose by 1.2%. Meanwhile, alcohol production facilities in Henan may shut down during the Spring Festival, though overall spot supply remains sufficient. Producers are inclined to raise prices, and market inquiries remain steady. However, no major supply-side disruptions are expected for ethyl alcohol. Given these conditions, supply constraints and strong demand fundamentals remain the primary drivers of Triethyl Amine price movements.
According to ChemAnalyst, Triethyl Amine prices are expected to maintain their upward trajectory in the near term, driven by persistent supply shortages and steady demand across multiple industries. The tight market conditions, coupled with ongoing logistical constraints and firm downstream consumption, are likely to sustain upward price momentum. Additionally, growing demand from the agrochemical and pharmaceutical sectors, along with constrained inventories, may further amplify market tightness. As a result, Triethyl Amine prices are projected to see continued increases in the upcoming trading sessions.