For the Quarter Ending September 2024
North America
In Q3 2024, the Diethylenetriamine (DETA) market in North America exhibited a stable pricing environment, reflecting a complex interplay of supply and demand dynamics. The quarter was marked by moderate to high supply levels, driven by average industrial operating rates and adequate inventory across the region.
Despite this, demand remained low to moderate, primarily due to sluggish downstream industries such as polyamide resins and oil and gas sectors. The Manufacturing Purchasing Managers' Index indicated an overall contraction in manufacturing activities, further contributing to tepid demand for DETA. In the USA, significant price changes were observed, influenced by several critical factors. The market faced weak cost support from stagnant feedstock prices, particularly Ethylene Dichloride and Ammonia, which remained stable throughout the quarter.
Additionally, logistical challenges, including shipping disruptions and potential strikes at key ports, loomed over the market, yet no plant shutdowns were reported during this period. The DETA market experienced a -1% change from the previous quarter, attributed to stable demand and supply dynamics, with no notable price fluctuation between the first and second half of the quarter. The quarter concluded with a price of USD 3550/MT for DETA FOB Houston in the USA, highlighting a stable sentiment overall, as the market navigated through challenges without significant volatility.
APAC
The third quarter of 2024 has been challenging for Diethylenetriamine (DETA) pricing in the APAC region, marked by a significant decrease in market prices. This decline was primarily influenced by weak demand from downstream industries, lower feedstock prices of Ethylene Dichloride and Ammonia, and oversupply in the market. The overall trend in Q3 indicated a bearish sentiment, with Japan experiencing the most substantial price changes. The market in Japan saw a 6% decrease from the previous quarter, reflecting a negative pricing environment. Seasonal factors and correlation in price changes accentuated the downward trajectory, with a notable -4% difference between the first and second half of the quarter. Despite disruptions and plant shutdowns impacting supply chains, the quarter-ending price for DETA in Japan stood at USD 3550/MT FOB Osaka, underscoring the prevailing negative pricing conditions in the region.
Europe
In Q3 2024, the Diethylenetriamine (DETA) market in Europe experienced a significant decline in prices, with the Netherlands witnessing the most substantial changes. The overall trend of decreasing prices was influenced by various factors, including a surplus in supply relative to demand, reduced demand from key downstream sectors such as pharmaceuticals and agrochemicals, and lower feedstock prices for EDC and Ammonia. Disruptions in production and logistical challenges, along with maintenance shutdowns at key plants, further exacerbated the supply constraints. The correlation in price changes indicated a negative sentiment, with a notable 8% decrease from the previous quarter. Additionally, a price comparison between the first and second half of the quarter showed a significant decline of 6%. The quarter-ending price for Diethylenetriamine FD Amsterdam in the Netherlands stood at USD 4180/MT, reflecting the overall decreasing pricing environment in the region.
MEA
In Q3 2024, the Diethylenetriamine (DETA) market in the MEA region experienced a period of declining prices, with Saudi Arabia witnessing the most significant changes. The decrease in prices was influenced by weak downstream demand, particularly from the Polyamide Resins industry, along with stagnant Ethylene Dichloride (EDC) prices and a drop in feedstock Ammonia prices. These factors created a bearish market sentiment, with supply levels ranging from moderate to high and demand categorized as low to moderate. The overall trend was indicative of a challenging quarter for DETA, with no reported plant shutdowns contributing to supply stability. The 4% decrease from the previous quarter highlighted the downward trajectory of prices, with a notable -10% difference between the first and second half of the quarter. The quarter-ending price of USD 3480/MT FOB Al-Jubail in Saudi Arabia reflected the culmination of these market dynamics, underscoring a consistently negative pricing environment throughout Q3 2024.
For the Quarter Ending June 2024
North America
In Q2 2024, the North American DETA market experienced notable dynamics. The availability of key feedstocks—Ethylene Dichloride (EDC) and Ammonia—declined. These feedstocks are crucial for DETA production, leading to challenges for manufacturers. Consequently, DETA production decreased due to raw material scarcity. Downstream industries, such as Epoxy resin and Fuel additives, rely heavily on DETA.
However, subdued demand from these sectors dampened overall DETA offtakes. Manufacturers faced pressure as inventories grew while demand remained limited.
Trading patterns shifted within North America. Reduced trades were observed from the USA to neighbouring countries like Mexico and Brazil. Oversupply of DETA in these regions contributed to weakened trading activities.
Overall, the North American DETA market faced supply constraints, demand challenges, and altered trading dynamics during Q2 2024. These factors influenced market sentiments and contributed to a decline in DETA prices in the region.
APAC
In Q2 2024, the Diethylenetriamine (DETA) market in the APAC region experienced a significant upswing in prices, influenced primarily by robust demand, constrained supply, and rising feedstock costs. Increased consumption across various sectors, particularly from the epoxy resin, fuel additive, and personal care industries, drove up prices. The market also faced supply-side challenges due to plant shutdowns and logistical disruptions. These factors collectively created a scarcity of DETA, exacerbating the upward pressure on prices. Focusing on Japan, which witnessed the most pronounced price changes, the DETA market reflected a marked increase in pricing driven by several critical elements. Seasonal factors, including heightened demand during the peak periods for downstream industries, played a substantial role. Additionally, the market was influenced by the global economic climate and higher freight costs, particularly impacting imports from Northeast Asia to regions like Malaysia and Indonesia. The price of DETA in Japan saw a 2% increase from the previous quarter, with a notable 10% difference between the first and second half of the quarter, highlighting the intensifying demand and reduced availability as the quarter progressed. Overall, the pricing environment for DETA in Q2 2024 has been decidedly positive, characterized by strong market fundamentals and rising input costs. This culminated in a quarter-ending price of USD 3550/MT of Diethylene Triamine FOB Osaka, underscoring the bullish sentiment prevailing in the market. The increasing trend is indicative of sustained demand pressures and constrained supply dynamics, painting a picture of a market environment that remains favourable for producers.
Europe
In Q2 2024, the Diethylenetriamine (DETA) market in Europe experienced a notable upward trajectory in prices, driven by a confluence of significant factors. The primary catalysts were increased purchasing interest from the downstream fuel additive and personal care industries, combined with limited supply. A supply crunch, exacerbated by the lingering impacts of the Red Sea crisis and adverse weather conditions disrupting agricultural activities, further strained the market. Concurrently, heightened trading activity and speculative buying, in anticipation of further price hikes, reinforced bullish market sentiments. Additionally, a reduction in feedstock costs from Ethylene Dichloride (EDC) and Ammonia, coupled with declining energy prices, contributed to elevated profit margins for major petrochemical enterprises, amplifying the cost-push effect on DETA prices. Focusing on Germany, where the most substantial price changes were observed, the quarter exhibited strong trading fundamentals. Seasonal demand fluctuations, particularly in the personal care sector, aligned with a surge in export activities, underscored the robust market environment. The price trends demonstrated a consistent increase, with a 12% rise from the previous quarter and a comparable percentage growth between the first and second halves of the quarter. This trend reflects a resilient market, adapting to changing economic conditions with a positive pricing environment. The quarter signalled a favourable market outlook amidst ongoing global supply chain disruptions and healthy demand.
MEA
During Q2 2024, the Diethylenetriamine (DETA) market in the MEA region has experienced a significant price increase, driven by several critical factors. The surge in premium cargo exports to Asia, coupled with adverse weather conditions, caused delays in arrivals and supply constraints, leading to elevated prices. Energy surcharges and increasing crude oil prices exerted further upward pressure, while low inventory levels in the market intensified the pricing dynamics. Although no plant shutdowns were reported, the resumption of trading activities by a prominent manufacturer significantly influenced market movement. In Saudi Arabia, where the most pronounced price changes were observed, DETA prices witnessed an upward trend due to high demand from downstream markets, particularly in the personal care and fuel additive sectors. The market also benefited from robust business activity and new orders, contributing to a bullish sentiment. Seasonality played a role, with increased production costs and a strategic focus on maintaining high production rates to meet demand. Comparing the first and second halves of the quarter, there was an 8% price increase, reflecting the consistent upward momentum. Additionally, from the previous quarter in 2024, prices recorded a 5% rise, underscoring the positive pricing environment. By the end of the quarter, the price of Diethylenetriamine highlighted a sustained trend of rising prices due to constrained supply and high demand fundamentals.
For the Quarter Ending March 2024
North America
In Q1 2024, the North American market for Diethylenetriamine (DETA) experienced a notable decline, largely influenced by several factors contributing to weakened market sentiments. Primarily, the downward trend was propelled by a decrease in the availability of key feedstocks, namely Ethylene Dichloride (EDC) and Ammonia, which are essential components in the production of DETA. This scarcity of raw materials posed challenges for manufacturers, consequently impacting the supply chain and leading to a reduction in DETA production. Compounding the situation, subdued demand from downstream industries such as Epoxy resin and Fuel additives further exacerbated the market downturn. These industries, which heavily rely on DETA as a key ingredient, experienced a slowdown in market offtakes, dampening the overall demand for the product. Consequently, manufacturers faced heightened pressure as inventories swelled amidst limited demand, creating a surplus of DETA in the market. Moreover, trading dynamics within the North American region saw a significant shift, with reduced trades observed from the USA to neighboring countries like Mexico and Brazil. Oversupplies of DETA in these regions contributed to a decrease in trading activities, reflecting the broader trend of weakened market conditions.
APAC
The Diethylenetriamine (DETA) market in the APAC region during Q1 2024 has been characterized by various factors that have influenced market prices. Overall, the market has experienced a bullish trend, with prices showing an upward trajectory except for Japan. In Japan, the market has seen the maximum price changes, driven by factors such as sluggish trading fundamentals, ample supply, and sluggish demand from the downstream industries. The bearish sentiment in Japan has been supported by limited trades to Southeast Asia and unfavorable conditions for fresh stock offers. Additionally, the market has been influenced by the downtrend in feedstock prices, particularly Ethylene Dichloride, which has led to lower production costs. It is important to note that Q1 is typically a procurement season for DETA in India, leading to a decline in prices. Nevertheless, the market in India has witnessed a surge in demand from the downstream epoxy resin and coating industries. However, supply constraints and rising raw material costs have contributed to the bullish price trend. Overall, the price changes in Q1 2024 indicate a positive pricing environment, with prices showing an upward trend.
Europe
The Diethylenetriamine (DETA) market in Europe during Q1 2024 has experienced a bullish trend that influenced market prices. Overall, the market sentiment has been bullish, with prices showing a upward trend. This can be attributed to rise in demand and limited inventory in the region, leading to higher trading activities and strong market off-takes. In terms of supply, there has been a limited DETA in the market, resulting in low inventory levels among storage units. This has led to restriction on discounts on bulk purchases from suppliers and a brisk market trading fundamental. Additionally, the market has been affected by excessive trades within the region, further contributing to the high demand outlook. The demand for DETA from downstream industries such as epoxy resin and textiles has remained elevated. The incline in demand from the global marketplace has also impacted trading activities and resulted in a recovering sales and revenue for the industry. This has further added to the negative pricing environment. Looking specifically at Belgium, which has seen the maximum price changes, the market situation has been bullish. The supply of DETA remains low, and trading activities have been affected by higher trades within the region. The demand from the downstream industries in Belgium has also remained elevated, contributing to the upward price trend. In Q1 2024, the price for Diethylene Triamine FOB Antwerp in Belgium stands at USD 3600/MT during March 2024.
MEA
The Diethylenetriamine (DETA) market in the MEA region during Q1 2024 has experienced a mixed pricing environment. Overall, the market has been influenced by various factors, leading to fluctuating prices. In Saudi Arabia, which has seen the maximum price changes, the market has been characterized by both upward and downward trends.In terms of overall trends, the market has been relatively stable, with prices experiencing slight fluctuations. However, there has been a noticeable increase in demand for DETA in the region, driven by downstream industries such as coating and textile processing. The price changes in Saudi Arabia can be attributed to several factors. Firstly, the rise in tension in the Red Sea has led to elevated freight charges and shipment delays, which have supported the price trend. Additionally, the upstream market for Ethylene Dioxide has experienced an increase in prices, leading to higher production costs for DETA. In terms of seasonality, there has been a correlation between the rise in demand and the increase in prices. This can be seen in the elevated demand during this quarter, which has led to an upward price adjustment. Comparing the first and second half of the quarter, there has been a slight increase in prices. This can be attributed to the steady demand and limited supply of DETA in the market. Overall, the pricing environment for DETA in Q1 2024 in the MEA region has been positive, with a slight upward trend in prices. In March 2024, the price for DETA in Saudi Arabia was USD 3420/MT FOB Al-Jubail.
For the Quarter Ending December 2023
North America
When compared with the previous quarter, the price of Diethylenetriamine (DETA) in the North American market witnessed an uptick in the market purchases, resulting in higher price trajectory. In the North American market, the DETA market showcases an upper price trend along with an uptick in the trading fundamentals.
The improvement in the downstream market along with market participants in the trading activities further boosts the price trend. Supply/demand imbalance in the German market continued to fuel selling interest among the suppliers with the revision in the price trend. When compared with Q3 2023, the demand for DETA from the downstream Silicone Rubber market remains moderate and suppliers revised their offers as per the buyer's need.
The bidding price of DETA elevated in the North American region due to insufficient product availability. Shipments from the region to the overseas market traded higher with firmer bids and strong market fundamentals. As a result of limited stocks, suppliers willingly elevated the prices due to the high volume of transactions in the regional market.
Asia Pacific
In Q4 2023, a steady improvement in purchasing appetite and a jump in demand from distributors, trade among suppliers remains elevated in the Asia Pacific region. However, queries from China to India remained, but purchasers paid larger prices. DETA producers were able to put their higher bids and optimistic market trade flows into action. DETA kept its place as the more active commodity in the Asia Pacific market due to rise in its consumption from Polymer production and textile industry along with the uptick in completed volumes during the month. The vast majority of DETA dealers elevated their price trend this quarter with recovering profit margins and sales. Fresh stock markets remain healthy, and with the healthy purchasing activities, producers started to position tightness. In India the price of DETA was USD 4241/ton CFR JNPT during Dec 2023. In India, the DETA market has experienced a significant uptick in prices and significant producers have announced the spot prices to increase by significant margin. This hike reflects the low operating rates and a depletion of regional DETA inventory. As a result, the market's DETA supply remains tight despite challenging circumstances.
Europe
When compared with the previous quarter, the price trend of DETA in Germany witnessed an upward price trajectory along with increase in rapid consumption of product inventories. DETA prices gained a stance as a result of tepid demand and the continuous utilization of existing inventories by downstream ventures. The market offered was raised due to the overall strong regional demand for European cargoes and the increasing bidding for new stocks. However, there was no additional room for price increments as the market took a downward purchasing trend towards the end of Nov 2023. Nevertheless, in Dec DETA demand from German’s manufacturing units sector shrinks and production unit started operating their plant cautiously as per the downstream requirement. The trough coincides with overcapacity in many petrochemical value chains. This has exposed Europe's lack of competitiveness, most notably in the DETA market, and prompted several companies to cut their production rate to avoid further stockpiles. In Germany, the price of DETA declined to USD 3500/ton FD Hamburg during Dec 2023.
MEA
The Diethylenetriamine (DETA) market in the Middle East and Africa region during the fourth quarter of 2023 witnessed a bearish market situation with high supply and low demand. The declining consumer spending and slump in demand from downstream sectors led to a weak pricing trend. The major DETA suppliers in Saudi Arabia experienced a decline in bids due to the decreasing demand for new supplies and the usage of depleting inventories. Saudi Arabia, being the key player in the market, saw a decline in DETA prices by 7.54% (USD -270/MT). The weak spot trading activity and poor trade fundamentals in the region contributed to this price trend. Additionally, the ongoing conflict between Israel and Hamas further hindered market transactions, and the lack of support from downstream businesses added to the overall weakness in pricing. The price of Diethylene Triamine FOB Al-Jubail in Saudi Arabia for the current quarter is USD 3350/MT. This marks a decrease of 7.54% compared to the previous quarter. The price trend in Saudi Arabia showed a bearish trend throughout the quarter, with a decrease of 6% in the second half compared to the first half. Overall, the DETA market in the MEA region during Q4 2023 faced challenges due to low demand and high supply. The weak market sentiments and limited product availability contributed to the decline in prices in Saudi Arabia.
For the Quarter Ending September 2023
North America
With the declining feedstock Ammonia market and lackluster product demand, the DETA market slumped this quarter. Slower-than-expected market recovery and high product inventories hampered and disrupted the demand/supply equilibrium. With the downward correction of the operational cost of DETA due to the limited cost support from the upstream market, the purchasing fundamentals of DETA declined amid weak spot trading fundamentals. In terms of inventories, bearish demand for fresh stock and limited existing stocks had impacted the DETA prices. Exports of DETA from the USA to other North and South American regions traded weak with deteriorating market fundamentals. Insufficient demand and adequate supplies to meet the buyer's needs continue to have a ripple effect on the downstream corrosion inhibitor and textile market's demand for DETA. However, in North America, prices displayed a bearish trend with weak spot conversations, and dealerships were buying small quantities at lower prices. Price collapsed due to increased coastal stocks and sluggish market demand among the traders, and suppliers remain hesitant to trade the cargo at an elevated level.
Asia
In Q3 2023, the market trading fundamentals for DETA remained sluggish, with limited purchases among traders. Trading of DETA in this quarter was restricted due to inadequate product availability and a weak market. Demand for DETA in the region was also affected, with lower bids for the product. The price of DETA declined this quarter due to feeble market fundamentals and bearish trends. Production cuts by major enterprises in China and slow market offtakes in the region resulted in this price trend. In September 2023, the market remained dull towards the end of the month due to the upcoming National Holiday in October 2023. Adequate stocks among enterprises contributed to the weak price trend. The demand for DETA from downstream industries such as adhesive and textile slumped, leading manufacturing units to operate cautiously based on consumer requirements. The pressure of DETA cargoes from China strongly impacted the low end of price ranges this quarter, dragging them down.
Europe
When compared with the previous quarter, the DETA prices in Germany showcased a bearish price trend with sluggish demand fundamentals from the downstream ventures. Due to ample availability, no definite proposals from significant industrial units were received in Belgium this quarter. In Germany, market fundamentals deteriorated, and producers were offered bulk discounts to clear their existing stocks. While DETA markets extended the rally this quarter with low offers and bids among the sellers, and the trades were majorly held on a need-to basis. The European producers face razor-thin or negative margins due to limited purchasing activities, while lowering run rates helped to cancel out lethargic end-user demand but also put a burden on producer margins. In Germany, the price of DETA during Sept 2023 declined to USD 3350/ton FD Hamburg. Belgium to Germany's trading gap further widened as market trading activities remained thin. The demand for DETA in Germany from the downstream personal care and adhesive industry remains deterred due to the stockpiling of products among the manufacturing units. Germany's DETA market was further deterred by low purchasing rates and weak market sentiments.
For the Quarter Ending June 2023
North America
In addition to subdued demand, there was an ample supply of Diethylenetriamine in the USA, which added to the downward trend for prices. Diethylenetriamine trades in North American markets have fallen with weak market fundamentals with limited trade volume due to oversupplies. The market's fundamentals and lower bidding for fresh stock are hampered. Inventory levels among downstream preservative companies increased, which pushed producers to clear stock levels. Petrochemical prices have declined with recession fears and weak market fundamentals weighing on economic growth and industrial production. European producers' margins are particularly affected as their production costs have declined with sufficient product availability and a feeble demand outlook. In Q2 2023, some units from DETA cut production, as the demand reduction impacted the operating rates. The demand for DETA from the downstream agrochemicals and oil & gas industries was hampered, and subdued bidding from the suppliers forced the producers to reduce their prices for the regional market. In this quarter, market players remained cautious due to high stock volumes and increased competition in the market.
Asia Pacific
In Q2 2023, the prices of DETA in India slipped amid weak demand, sufficient supply, and slow market fundamentals. The prices of DETA in India slipped amid weak demand, sufficient supply, and slow market fundamentals. This quarter, the DETA price declined along with the feeble trading activities. The spot availability of DETA remains sufficient to fulfill the requirement from the downstream industry. Limited trades of DETA from the overseas market to the Indian port were observed due to adequate supplies among the significant manufacturing units. In terms of the logistics market, declining freight costs and adequate container availability further provide support to the weak price trend. DETA market demand appears to have shrunk in the period of sluggish demand, and buyers stayed on the sidelines as the demand for products continued to be dim, which compelled DETA makers to decline their price trend. Consumers of DETA chose to consume their supplies, but weak market fundamentals were the outcome of insufficient demand.
Europe
With the recession fears and economic uncertainty in the region, the trading fundamentals related to Diethylenetriamine slumped, and the market demand outlook remained uncertain. DETA prices in the region declined with weak market fundamentals and sufficient product availability. Germany no longer carries an unconventional premium over European markets as DETA markets remain inflated and have seen sharp downward corrections. In terms of the feedstock market, the Ethylene Dichloride market remains drooped with the expectation of a feeble price trend from the supplier's end. Most DETA suppliers have high inventories at a time when they face a slump in import orders for their finished products. The dubious economic outlook is probably going to dampen demand further. The demand for DETA from the downstream Agrochemical and oil & gas industry slumped with deterred purchasing from the end user. In the value term, the trading also declined due to lower demand from the overseas market. In June 2023, the price of DETA in Germany declined to USD 3710/ton FD Hamburg.
For the Quarter Ending March 2023
North America
Several factors have contributed to the decline in the price of DETA in the US market during the first quarter of 2023. These factors include an oversupply of DETA and weak demand from industries like epoxy resin curing agents. Additionally, reduced consumer spending has limited the new offers for DETA in the US market. DETA manufacturers in the domestic market are facing strong competition, causing cost pressures that affect the final commodity price. Moreover, the decrease in Ethylene Chloride prices, a key component in DETA production, has reduced the manufacturing costs for DETA market players. Finally, the recent increase in crude oil prices globally during March 2023 has caused market uncertainty.
APAC
The low pace of new orders in the Asian market at the end of the quarter ending March 2023 put negative pressure on the DETA market. The general price trend of DETA prices indicated a downward trajectory as a result of lowered inflationary pressure following the fading influence of COVID market-related disruptions and progressively rising production rates in the Chinese market. In March 2023, the final DETA prices in the APAC region were influenced by the regional market's silent demand in the downstream agrochemical and epoxy resin curing agent sectors. Meanwhile, the continuing economic slowdown in the Asian market contributed to the DETA price momentum in the first quarter of 2023.
Europe
The DETA market in Europe has been affected by a variety of factors, including uncertainties in the market, inflationary pressures leading to tighter consumer budgets, and a slowdown in the European economy. These factors have contributed to a nearly 2% decline in DETA prices in the first quarter of 2023. Moreover, the decline in the DETA prices, caused by the muted offers from the downstream agrochemical and other competitive sectors, amidst minimal confidence in transactional activity in the domestic market and postponed overseas purchase orders. Conclusively, the DETA market in Europe faced significant challenges in the first quarter of 2023, and the price of DETA was assessed at USD 4038/MT FD Hamburg (Germany) in March 2023.
For the Quarter Ending December 2022
North America
The Diethyelenetriamine (DETA) showed mixed market sentiments throughout the Quarter ending December 2022, owing to the fluctuations in the downstream offers from the construction sector and limited supplies of the product. High inflation weighed on the buying sentiments and led to curtailed production activities in the regional downstream sectors, such as the automotive and textile industries. Besides, the demand from the oil industry in October and November remained upward amidst firm overseas inquiries and increasing production elevating the DETA prices in the US market. However, stability in the oil industry demand during December of 2022 led the DETA price to fall in the US market.
APAC
The Diethyelenetriamine (DETA) prices showed an overall upward trend in the Q4 of 2022 in the APAC region due to uncertain consumer demand from the downstream automotive and textile sector and limited stock availability. The DETA price rise in October and November 2022 resulted from the constrained supplies of Crude oil impacting the value chain of DETA. Additionally, the inflow of cheaper supplies and easing feedstock Ethylene costs affected the pricing dynamics of the product in December 2022. Therefore, the December prices of DETA fell in the Asian market, backed by the ease in the input costs and lower downstream demand from the Oil industry.
Europe
The Diethylenetriamine (DETA) showed mixed market sentiments in the fourth Quarter of 2022, backed by the limited availability of stocks and uncertain downstream demand from the oil industry in the region. Meanwhile, volatility in the upstream crude oil prices exacerbated by the crippled Russian fuel supplies also caused the upward input cost pressure on the DETA pricing dynamics in this Quarter. In addition, the rising inflation in the region and muted demand slumped the market activities for DETA in the Quarter ending December 2022. In addition, stability in the feedstock Ethylene prices also supported the price movement of the product. The DETA price was assessed at USD 5525/MT FD Hamburg (Germany) in December 2022.
For the Quarter Ending September 2022
North America
The price of Diethylenetriamine (DETA) showed a downward trend in the North American region owing to the no change in domestic demand from the agrochemicals and paints & adhesives segment amidst weak consumer confidence during several market uncertainties. In addition, the continuous dip in the feedstock Ethylene prices due to sufficient availability of stocks contributed to the ease in the DETA prices in the local market. Bearish buying sentiments were shown amongst the buyers in this quarter in the North American region owing to the workers' strike at the west coast port of the US and production cuts in North America.
APAC
Diethylenetriamine (DETA) prices maintained an upward trend throughout the third quarter due to India's rising downstream demand for paints & adhesives with the upcoming festive season in the country. Manufacturers and traders faced input pressure with escalating feedstock Ethylene prices, which compelled them to revise their offers. Enterprises have been going out of warehouse cargo. Thus, market players raised prices to sustain good margins. Moreover, the DETA price rose efficiently due to the high inflation and hovering around USD 6319/MT Ex-Vadodara (India). Firm offtakes in the market amid inadequate supplies in India from China led to a surge in commodity prices in Quarter 3 of 2022.
Europe
The European market of Diethylenetriamine (DETA) experienced a stable demand from the Epoxy resin segment, which made the prices of Diethylenetriamine (DETA) rise during Quarter 3 of 2022. Besides, a rise in market uncertainties amid a high inflation rate and port congestion at the UK and German ports amidst wage disputes caused a shortage of supplies to affect DETA's costs. Additionally, high energy values during this quarter amidst hampered Russian supplies impacted the commodity's price movement in the European market. In the quarter ending September 2022, The price of DETA was assessed at USD 5349/MT Amsterdam (Netherlands) at the termination of September 2022.
For the Quarter Ending June 2022
North America
The price of Diethylenetriamine (DETA) showed an uptrend in the North American region owing to the firmness in demand from the agrochemicals and paints & adhesives segment as the ongoing sowing in the month of April and fear of surging of Covid 19 cases in the European region. In addition, the continuous surge in feedstock Ammonia and Ethylene prices due to the high inflation rate also contributed to the rise of Diethylenetriamine prices in the local market. Bullish buying sentiments shown amongst the buyers this quarter in the North America region. The price of Diethylenetriamine showcased an overall surge of 4% in quarter 2 of 2022.
APAC
Diethylenetriamine prices maintained an upward trend throughout Quarter 2 due to India's rising demand from downstream agriculture and paints & adhesives. Major manufacturers faced a shortage of feedstock Ethylene which pressured them to revise their offers. Enterprises have been running out of warehouse cargoes, which compelled manufacturers to raise the prices to sustain better profit margins. DETA price rose effectively due to the high inflation rate and heard perched around INR 414630/MT Ex-Depot Mumbai during June. Firm offtakes in the local market amid inadequate supplies in India from China led to a surge in DETA prices in Quarter 2 of 2022.
Europe
The market of Europe experienced a high demand for Epoxy resin, which made the prices of Diethylenetriamine (DETA) rise during Quarter 2 of 2022. A remarkable rise in freight and shipping container prices amid a high inflation rate due to the ongoing geopolitical conflict between Russia and Ukraine caused upward pressure on the prices of DETA. Additionally, high energy values during this quarter amidst War impacted the price movement of DETA in the European market. In addition, demand fundamentals for DETA observed a surge from downstream segments such as agriculture and paint & adhesives amid hampered production. In the second quarter of 2022, the shortage of feedstock Ethylene also conclusively pressured the traders to forward the cost burden to the consumers to attain better profits in the market. The price of DETA was assessed at USD 4047/MT Amsterdam (Netherlands) in June.
For the Quarter Ending March 2022
North America
The price of Diethylenetriamine (DETA) showcased an uptrend in North America backed by the firm demand from the agrochemicals and pharmaceuticals sector in lieu of the approaching sowing in the month of April and fear of a resurgence of Covid 19 in the region. Meanwhile, the continuous surge in the prices of feedstock Ammonia and Ethylene Dichloride also contributed to the rise in Diethylenetriamine prices in the regional market. Bullish buying sentiments were shown by the trader in this Quarter in the North America region. The price of feedstock Ethylene Dichloride were assessed at USD 983/MT in March in the USA.
Asia Pacific
Diethylenetriamine prices showcased an upsurge throughout the first quarter due to the consistent increase in the cost of raw materials. Major manufacturers faced a shortage of feedstock which pressured them to revise their offers. Since January, market players have been running out of cargoes, which compelled manufacturers to raise their offers to gain a better margin. DETA price rose effectively and heard hovering around USD 4726/MT during February. DETA prices surged in Quarter 1 in lieu of firm offtakes from the domestic market amid inadequate supplies in India. Furthermore, demand also remained firm across the regional market in India, which led to firm price dynamics of DETA in Asia.
Europe
A tremendous rise in freight and shipping container prices due to the ongoing geopolitical tension between Russia and Ukraine forced every imported commodity price to reach its peak value in Q1 including that of Diethylenetriamine (DETA). Additionally, energy prices rose during this quarter due to supply disruption from Russia. Demand fundamentals for DETA observed a hike from downstream segments such as fire retardants. Thus, DETA prices demonstrated strong sentiments as the overall demand remained firm. DETA prices were assessed at USD 4171/MT _in Germany in the month of March.
For the Quarter Ending December 2021
North America
Diethylenetriamine (DETA) prices in North America remained supported by consistent offtakes from the agrochemicals, pharma, and epoxy resins sector. DETA demand as a curing agent fluctuated in a moderate to firm range throughout Q4. Continuous and steep climb in feedstock Ammonia and Ethylene Dichloride (EDC) prices also assisted in pushing up prices of DETA in the regional market. Therefore, during this quarter, bullish market sentiments were observed in the prices of DETA across North America region. Prices of Ammonia which is feedstock for DETA reached USD 1280 FOB New Orleans in December.
Asia
Asian market continued to witness firm sentiments for Diethylenetriamine (DETA) during this quarter as well. Taking pressure from firm offtakes from the domestic market amid inadequate supplies in India, DETA prices soared during all three months in Q4. Several major manufacturers ran out of cargoes for spot buyers, while imports also got expensive week over week. Furthermore, demand fundamentals also remained stable to firm across the regional market, supporting current pricing dynamics in the country. In addition, some major manufacturers also revealed that they faced shortage of feedstock, which pressurised them to keep on revising their offers in domestic market. By the end of Q4, DETA prices CFR India reached USD 3950 per MT.
Europe
European Diethylenetriamine market witnessed similar trend as that in North America and Europe due to an appreciable hike in raw material prices. Demand for the product from the epoxy segment remained firm till mid-Q4 owing to its appreciable demand from the downstream segments. As prices of Ammonia continued to rise due to the extended energy crises in Europe, they levied a direct impact upon DETA prices in the regional market. CFR Ammonia prices in Germany were assessed at USD 943 during December.
For the Quarter Ending September 2021
North America
The market outlook of Diethylenetriamine strengthened during the third quarter of 2021 across the North American region. An increment in the prices of upstream feedstock i.e., ethylene and ammonia impacted the prices of Diethylenetriamine (DETA) in the US. Consistent demand for DETA from sectors like fuel additives, epoxy curing agents, and textile detergents put an upward pressure on the pricing of Diethylenetriamine (DETA) throughout the 3rd quarter.
Asia
In the Asia Pacific region, the prices of DETA witnessed a steep rise in Q3 of 2021. A hike in the demand was observed from the downstream epoxy resins and agrochemicals industry during the quarter. In the Indian market, DETA prices showed a steady climb as several players reported improved offtake volumes by the downstream sectors. Diethylene Triamine (DETA) price escalated from USD 3738 to USD 4006 per MT in western India in the third quarter. India’s sole DETA manufacturer, Balaji Amines reported that improved prospects for pharmaceuticals and agrochemicals in both import and export markets during the pandemic had served well for its improved performance in Q3 2021. India’s manufacturing sectors which had been picking actively in the past few months, further supported gradual improvement in the product prices.
Europe
The European market improved in the third quarter of 2021 across the European region. DETA prices observed an upward momentum during the month of August. Demand fundamentals remained sturdy from the domestic as well as the international markets in Q3. A steep rise in demand and surges in raw materials further supported the prices of several amine derivatives. Bullish demand from the downstream pharma sector continued to push the regional sales during the quarter.
For the Quarter Ending June 2021
North America
Demand for Diethylenetriamine (DETA) remained stable to firm in North America region, supported by active offtakes from the pharma, agrochemicals and Epoxy resins sector. Being an active curing agent for manufacturing of several downstream chemicals and precursor of some pharmaceutical products like Diethylene Triamine Penta Acetic Acid (DTPA), demand from these segments remained moderately firm during this quarter. In addition, rise in feedstock Ammonia prices also affected the prices of DETA in US. Therefore, during this quarter, an overall firmness was observed in the prices of DETA across North America region.
Asia
Asian market witnessed firm sentiments for Diethylenetriamine (DETA) during this quarter. In China, demand for DETA was deemed stable for most of the downstream sectors, including epoxy resins and agrochemicals. Meanwhile in the Indian market, demand from Epoxy Resins remained low, as under the pandemic, consumption of Epoxy resins declined in the country. However, demand from other sectors like Pharmaceuticals maintained firmness throughout the quarter, supporting its prices. Moreover, sturdy demand for agrochemicals also bolstered the overall growth of DETA market in India.
Europe
European Diethylenetriamine market-maintained sturdiness during this quarter, supported by ample offtakes from the agrochemicals segment. The demand for fungicides rose across Europe during this quarter, which increased the demand for Ethylene Triamine and eventually increased the supply of co-product Diethylenetriamine. In addition, revival of economic also improved the demand for other products like Epoxy, which eventually increased the demand for its curing agent DETA.
For the Quarter Ending March 2021
North America
The North American market encountered a significant fall in DETA prices during this quarter in tandems o feeble demand from downstream segments. During this timeframe, North American downstream market like agrochemical, coating, pulp and paper were running low due to unfavourable weather conditions across several areas of America. As Epoxy Resin is a major end use segment for DETA, low availability of Epoxy resin also impacted the demand for its hardener DETA in the regional market.
Asia
Ample availability against subdued demand for DETA made the prices to trace downward trajectory during this quarter. Despite of the raw material shortage in Asia after Chinese lunar holidays, prices didn’t demonstrate sufficient improvement, as the inventories remained ample. In Indian market, low availability of Resin reduced the demand for it hardening agent DETA which made the prices to dwindle by 1.3% within the quarter and settled at USD 1673 per MT during March in India. In addition, demand from Pulp and Paper and Agrochemical segment remained stable throughout the quarter in the overall Asian market.
Europe
The European market experienced huge shortage of Epoxy resin, which made the prices to skyrocket during this period. Tremendous rise in freight and shipping container prices, forced every imported commodity price to reach its peak value. However, price of DETA fluctuated in a narrow range, due to moderate to firm demand from downstream segments. Thus, DETA prices demonstrated mixed sentiments and overall demand remained firm across the region.
For the Quarter Ending December 2020
North America
In 2020, volumes and margins of several American DETA manufacturers remained pressured under dull economic environment and competitive pressures. However, a significant improvement was observed on QoQ basis. The manufacturing rate of DETA showed substantial recovery in the US as major facilities in Louisiana restarted the production of the raw materials after a temporary turnaround in Q3. Exports to Asia increased as the economy started to rebound due to increasing demand from the agrochemical industry.
Asia
Availability of DETA in the region remained tight during the fourth quarter of 2020. DETA consumption in the Asian region improved, due to significant recovery in the industrial and commercial activities after the COVID-related lockdown restrictions eased during Q4. Imports from the US stood majorly hampered by the production cuts in major facilities due to technical issues. However, the demand surged in the fourth quarter due to improved offtake from the downstream sectors such as pharmaceuticals and agrochemicals. Limited availability and soaring demand triggered multi-fold rise in the regional DETA prices. In India, the price of DETA were increased by USD 45-60 per tonne in the second half of the fourth quarter while maintaining the average price range of USD 1430 -1594 per tonne during the period.
Europe
Product supplies remained tight in Q4 2020 caused by expected and unexpected plant turnarounds in feedstock ethylene dichloride (EDC) production units leading to hampered DETA production levels. The diversion of large volumes of feedstock EDC towards the production of the PVC as the construction sector regained pace in the region caused constraints in DETA manufacturing. The global surge in DETA prices, especially from regions like Asia and US, limited the import volumes. Meanwhile, the demand outlook turned favorable by the end of the fourth quarter.
