In India, Ethanolamine prices are expected to inch up slightly, driven by potential tightened supply due to logistical disruptions. The country heavily relies on imports from Asian importers like China, Malaysia, and Middle Eastern producers, including the UAE and Saudi Arabia. In July, inflows from China and Saudi Arabia were stable, supporting a good supply balance; however, towards the end of the month, intermittent disruptions to port activity caused by ongoing monsoon weather delayed vessel movements and kept supply pressure high.
Downstream demand indicators for Ethanolamine also look firm in India. Standard Surfactants had a xx.xxx increase in net profit to ?x.xx crore in the quarter ended June xxxx, on the back of a jump in sales of xx.xxx to ?xx.xx crore. Galaxy Surfactants also showed a sales increase of more than xxx to ?x,xxx.xx crore, although net profit dropped slightly. Consumer-facing demand appears strong,...
