For the Quarter Ending September 2024
North America
During Q3 2024, DASA prices fluctuated slightly, reflecting the interplay of multiple market factors. The U.S. economy demonstrated both strengths and weaknesses, managing to maintain stability despite concerns about inflation and geopolitical uncertainties.
Supply dynamics were shaped by steady manufacturing activities and shifting trade environments. A marginal drop in the Producer Price Index (PPI) for manufacturing—from 249.624 in Q2 to 248.383 in Q3—highlighted minor cost reductions for producers. Restocking of depleted inventories contributed to a recovery in GDP, with Q2 growth recorded at 3.0% and projected to reach 2.7% for the year.
Strong consumer spending and business investments, supported by policies such as the CHIPS Act, sustained demand as inflation fell below 3.0% in July. However, geopolitical conflicts, including tensions in Ukraine and the Middle East, and potential trade tariffs created risks for supply chains. While the Fed’s anticipated rate cuts are expected to stimulate economic activity, shifts in labor markets and uncertainties in trade could challenge supply stability through 2025.
Asia
In Q3 2024, the pricing environment for Diamino Sulfanilide (DASA) in the APAC region witnessed a consistent decline, reflecting a negative sentiment. Various factors influenced market prices during this quarter, including subdued demand across key sectors, oversupply of chemical commodities, and global supply chain disruptions. The mismatch between supply and demand dynamics led to a downward pressure on prices, despite positive industrial production growth and economic activities. Plant shutdowns in certain regions further contributed to the pricing challenges faced by the market. India, experiencing the most significant price changes, saw prices decrease by 2% from the previous quarter. The quarter also recorded a notable -3% price difference between the first and second half. Overall trends in India reflected a decrease in prices, with the quarter-ending price standing at USD 4610/MT of Diamino Sulfanilide Ex Ahmedabad. Seasonality and correlation in price changes indicated a challenging period for the chemical market, with the pricing environment leaning towards a bearish outlook.
Europe
In Q3 2024, European DASA prices remained volatile within a narrow range, primarily driven by global economic uncertainties stemming from geopolitical tensions in West Asia and sluggish economic performance in both Europe and the U.S. Freight costs soared, with MSC and CMA CGM imposing FAK rates up to $6,500 per container due to limited space and added surcharges. Delays caused by Red Sea disruptions and congestion at Singapore's ports slowed shipments further. Meanwhile, air freight rates from Northeast Asia surged, with spot rates jumping 40% year-over-year due to heightened e-commerce activity and semiconductor demand. Despite increased capacity, logistical imbalances persisted. Looking ahead, the freight market is expected to remain turbulent in Q4. On the economic front, Germany’s industrial sector suffered a downturn, with weak production, high energy prices, and low export demand, adding pressure to the broader eurozone economy.
For the Quarter Ending June 2024
North America
In Q2 2024, the Diamino Sulfanilide market in North America experienced a balanced pricing trend. This stability was primarily driven by steady consumption across key sectors, particularly the pharmaceutical and textile industries. Both sectors maintained consistent demand, which helped to stabilize prices despite potential fluctuations in other market variables.
The pharmaceutical industry continued to be a reliable consumer of Diamino Sulfanilide, utilizing the compound in various drug formulations and processes. Similarly, the textile industry sustained its usage of Diamino Sulfanilide for dyeing and other applications, contributing to balanced consumption patterns throughout the quarter. The equilibrium in demand from these two critical industries ensured that there were no significant price fluctuations, allowing the Diamino Sulfanilide market to remain stable. The consistent demand from both sectors countered any potential pressures that could have led to price volatility.
Conclusively, the Diamino Sulfanilide market in North America maintained a balanced price trend in Q2 2024. The steady consumption in both the pharmaceutical and textile sectors was the primary factor in this stability, demonstrating the market's resilience amidst other potential influences. The balanced pricing trend reflects a stable market environment, driven by sustained demand across key industries.
APAC
In Q2 2024, the Asian Diamino Sulfanilide market showed a generally bearish trend, influenced by several key factors. The overall supply remained robust due to steady production levels and minimal disruptions across the region. However, demand decreased due to subdued industrial activity and reduced consumption from major downstream sectors such as textiles and catalysts. Unseasonal fluctuations in the global freight market, characterized by increased rates and capacity constraints, added pressure but did not significantly impact prices thanks to the strong local supply chain.
In India, the market experienced the most notable price changes within the APAC region. Despite significant growth in the textile sector, demand for Diamino Sulfanilide stagnated. This stagnation was worsened by balanced supplies, which contributed to a decline in prices. Seasonal factors also played a crucial role, as the summer season typically sees a drop-in industrial activity, affecting overall demand. Prices fell by approximately 2.5% compared to the previous quarter, with the end-of-quarter price standing at USD 4678/MT, reflecting a negative pricing environment throughout Q2.
Although there were no reported plant shutdowns or major disruptions, market sentiment remained negative, with price depreciation being the prevailing trend. The stability in supply and lack of significant demand growth in India were key factors contributing to this trend, indicating a challenging pricing environment for Diamino Sulfanilide in the region.
Europe
In Q2 2024, Europe’s Diamino Sulfanilide market saw a notable bullish trend in pricing. This increase was largely due to substantial costs associated with importing the compound from Asia. The primary drivers behind the rising prices were heightened freight charges and escalated production expenses in Asia, which significantly impacted the cost structure for European buyers.
The importation costs surged due to several factors, including increased shipping rates and logistical disruptions affecting global supply chains. These challenges in transportation and shipping infrastructure translated into higher expenses for importing Diamino Sulfanilide. Consequently, European distributors faced elevated costs, which were reflected in the higher prices seen across the region.
Ultimately, the European market for Diamino Sulfanilide remained bullish in Q2 2024. The significant rise in import-related costs was the main factor driving this trend, indicating the broader impact of global economic and logistical issues on regional market conditions. The trend underscores the sensitivity of the European market to international supply chain fluctuations and production cost variations.
For the Quarter Ending March 2024
North America
During the first quarter of 2024, the pricing landscape for Diamino Sulfanilide in North America was influenced by various factors, resulting in multiple fluctuations market prices. The region witnessed a mixed trend, with prices fluctuating due to seasonal factors and market dynamics.
In the USA, where the most significant price changes occurred, the quarter commenced with a decrease in prices attributed to subdued purchasing activity in the global market and low domestic demand caused by adverse weather conditions and reduced trading post-holiday season. However, as the quarter progressed, prices began to stabilize, driven by the anticipation of seasonal demand and minimal disruptions in the supply chain. However, drought condition Panama Canal and red sea issue remained a matter of concern for traders as well as for producers.
Demand for the product remained moderate to high, and suppliers effectively met market needs. With the onset of summer, demand for Diamino Sulfanilide increased, particularly from downstream derivatives and intermediate segments, resulting in an overall positive pricing trend in the country.
APAC
The pricing environment for Diamino Sulfanilide in the APAC region during Q1 2024 has been characterized by various factors that have influenced market prices. The overall trend in the region has been mixed, with prices experiencing fluctuations due to seasonal factors and market dynamics. In India, which has seen the maximum price changes, the market started the quarter with a decline in prices. This was attributed to a subdued purchasing atmosphere in the global market and low domestic demand due to adverse weather conditions and reduced trading activities post the holiday season. However, as the quarter progressed, prices started to gain firmness, driven by the anticipation of seasonal demand and the absence of significant supply chain disturbances. The demand for the product remained moderate to high, and suppliers were able to meet the needs of the market. As summer arrived, the demand for Diamino Sulfanilide started to pick up, particularly from the downstream derivatives and intermediate segments. This led to an overall positive pricing environment in the country.Overall, the quarter-ending price for Diamino Sulfanilide Ex Ahmedabad in India was recorded at USD 4800/MT.
Europe
The pricing environment for Diamino Sulfanilide in the european region during Q1 2024 has been characterized by various factors that have influenced market prices. The overall trend in the region has been mixed, with prices experiencing fluctuations due to seasonal factors and market dynamics. In Germany, which has seen the maximum price changes, the market started the quarter with a decline in prices. This was attributed to a subdued purchasing atmosphere in the global market and low domestic demand due to adverse weather conditions and reduced trading activities post holiday season. However, as the quarter progressed, prices started to gain firmness, driven by the anticipation of seasonal demand and the absence of significant supply chain disturbances. The demand for the product remained moderate to high, and suppliers were able to meet the needs of the market. As summer arrived, the demand for Diamino Sulfanilide started to pick up, particularly from the downstream derivatives and intermediate segments. This led to an overall positive pricing environment in the country.
For the Quarter Ending December 2023
NORTH AMERICA
The fourth quarter of 2023 expresses a mixed trend of diamino sulfanilide price in the North America primarily driven by the tight supply from the source and rising demand from the downstream industries including automotive and furniture sectors.
The price of Diamino Sulfanilide in the USA increased partially in October due to tight supply, and further increased in November. This upward price trend was driven by high production cost, inflationary pressure in midst of the labour shortage and the optimistic market sentiment brought about by pre-festive procurements.
Despite persistently high input cost including high labour cost amidst of shortage of labour in the USA and the economic inflation, Diamino Sulfanilide price gained a surge in overall timeframe, festival season proved a pivot point to drive the market to upward direction. Adding to the complexity, Mississippi river megadrought of the October also caused a fair impact on the overall commodity cost by addition of extra shipment charge driven by the reduction on cargo shipment weight forced traders to revise the price.
APAC
In the fourth quarter of 2023, the price trend of Diamino Sulfanilide expresses mixed sentiments followed by the various factors impacting the pricing dynamics frequently. Since the beginning of October to the end of November Asian pacific region witness a bullish market trend owing to the festival season creating surge in demand from the domestic downstream market. In India, Diamino Sulfanilide price took a hike of around USD 55/MT after November owing to factors like boosted downstream automotive paint industry and the furniture segment under the festive season. In this timeframe, countries economy was also in upward direction. Despite the global decline in chemical commodities linked to falling crude oil values, India's peak festivities continued to be a key driver for the positive price trend. Industries such as automotive, construction, and textiles performed well, evident in the Consumer Price Index (CPI) improvement from 4.87% (October) to 5.55% (November), based on data from the Ministry of Statistics and Programme Implementation. But in the December month graph started following the downward trend highlighted by the destocking activities in the domestic market causing deflation in price in domestic markets, post festive season was another factor. Adding to the complexity, amid the cheap import, winter dullness compelling to the trades to offer the discount proven a major factor of market decline. However, the quarter ended with a price of USD 4588/MT ex-Ahmedabad for Diamino Sulfanilide.
EUROPE
The fourth quarter of 2023 was proven to be overall buoyant for the Diamino Sulfanilide in the European market followed by the numerous factors affected the market and product price. Key factors that affected the prices were festive season in the end of the quarter, increment in the EV segment in Europe as well as Economical stability during the timeframe. Despite the decline in the overall chemical production during this timeframe, Diamino Sulfanilide price trend maintained an overall firmness owing to the festival season i.e. Christmas, supported the spending optimism among people contributing to the domestic market growth. Noticeably in Germany, Overall market sentiment was bearish, reflecting the cautious approach of businesses and the uncertain economic outlook. country witnessed a balanced supply and demand situation, with not reportedly any shutdowns during the timeframe. As per the analysis, prediction is to ascend the electric vehicle industry right in upcoming quarter, Diamino Sulfanilide demand will rise from the paint and coating segment.
For the Quarter Ending September 2023
North America
Compared to the second quarter, the Diamino Sulfanilide market in the United States showed positive developments in the third quarter. However, there were minor fluctuations during this period, with prices rising for two consecutive months due to increased demand from various industries. Nevertheless, in September, prices declined due to an abundance of Diamino Sulfonamide in the market, resulting in reduced costs. From an economic perspective, data from the Federal Reserve Economic Data (FRED) indicated a 2% increase in the Producer Price Index (PPI) in August compared to the previous month. This uptick supported the price increase as consumers engaged in stockpiling practices. Conversely, in September, inquiries slowed down somewhat as the market had an ample supply of Diamino Sulfanilide domestically, meeting the demand. Additionally, the consumer price index, a widely monitored indicator of inflation, rose by 0.4% on a monthly basis and by 3.7% from the previous year, according to a report from the Labor Department. This increase contributed to higher prices for a range of goods and services in September.
APAC
In the Asia-Pacific (APAC) region, specifically in India, the Diamino Sulfanilide market experienced varied pricing trends in the third quarter of 2023. The quarter started on a strong note, with prices on the rise due to increased demand from multiple industries. This unexpected price surge in the Indian market was driven by healthy inquiries from overseas markets. However, as the quarter progressed, the market cooled down in the second month due to increased domestic production to meet the rising demand for Diamino Sulfanilide. This resulted in an oversupply of the product and subsequent price reductions. Additionally, downstream industries began to experience slower growth, further contributing to reduced demand for Diamino Sulfanilide. Furthermore, inflation in the Indian market increased in August 2023 compared to the previous month, as reported by the Ministry of Statistics and Programme Implementation National Statistical Office. Conversely, producer prices in India, according to data from the Office of the Economic Advisor, rose from 151.90 points in July 2023 to 152.40 points in August 2023.
Europe
In Europe, Diamino Sulfanilide prices displayed a mixed trend during the third quarter, with an initial surge in the first two months driven by strong demand from overseas markets. Germany, in particular, saw an upswing in July due to robust performance in downstream industries, including pharmaceuticals. August brought positive developments, with improved demand conditions. However, during the holiday season of August 2023, labor shortages among European traders led to decreased manufacturing activities, affecting market conditions. Notably, the market witnessed slight fluctuations in September as European traders offered discounts on spot purchases to the USA to boost sales. This was in response to muted demand resulting from ample product availability during that period. Concurrently, the European market was experiencing a decline in industrial activities, as evidenced by a 1.1% reduction in industrial production output within the Euro Area in August 2023 compared to the previous month. This trend persisted into September. On the contrary, there was a considerable 0.6% improvement in Industrial Producer Prices in August, which impacted the consumption of goods for the subsequent month.
