In November 2024, the U.S. Benzylamine market experienced significant activity, influenced by supply dynamics, feedstock costs, and downstream demand. These factors together created a complex landscape for manufacturers and consumers, leading to adjustments in procurement and pricing strategies.

Participants in the market observed increased activity in November, with Benzylamine prices showing notable rises compared to previous months. A major factor behind this was the cost of Ammonia, a key feedstock in Benzylamine production, which saw a substantial increase. Ammonia prices reached USD 587 per metric ton on FOB – New Orleans basis, rising by 6.1% during the month. This price rise added pressure on production costs, leading to higher Benzylamine prices. On the other hand, Benzyl Chloride prices decreased significantly, offering some cost relief. This decrease was due to oversupply and a slowdown in upstream activities, helping overcome the otherwise substantial rise in production costs.

In November, Benzylamine prices were reported at USD 3,458 per metric ton on CFR – Texas basis, an 11.5% increase from October. This price rise was closely linked to the combination of feedstock dynamics and consistent downstream demand companies throughout the month.

Demand from downstream industries remained strong, especially from the pharmaceutical and agrochemical industries. Pharmaceutical companies increased their procurement of Benzylamine to meet higher production targets for essential drug intermediates. Agrochemical companies also increased their purchases in preparation for seasonal agricultural cycles. The steady demand from these industries made sure that Benzylamine prices continued to rise, even as producers faced challenges in managing supply chains.

Logistical issues played a crucial role in the Benzylamine market in November. Delays at Gulf Coast ports disrupted shipping schedules, leading to extended delivery times. While diesel prices declined slightly to USD 3.52 per gallon from October’s USD 3.58 per gallon, these savings did little to overcome the impact of prolonged shipping delays. Freight disruptions further tightened the Benzylamine supply chain, affecting the imports and increasing competition among buyers for limited inventories.

Regionally, the Midwest and Northeast saw stronger demand for Benzylamine, driven by higher agrochemical activity in these areas. In contrast, the West Coast faced slower recovery due to delayed agricultural cycles, leading to uneven demand. Export inquiries for Benzylamine also increased, particularly from South American buyers seeking cost-effective alternatives to local products.

Looking forward, Benzylamine prices in December are expected to stabilize as seasonal demand moderates. However, feedstock volatility and ongoing logistical challenges may continue to influence market conditions. Producers and buyers should closely observe Ammonia prices and freight dynamics, as these will be crucial in shaping the outlook for the Benzylamine market into the new year.