Polyetheramine prices fell at major global markets in September 2025 where India, China, and the USA all fell back due to a mix of surplus supply, weakening feedstock prices, and skew demand patterns.
Polyetheramine Ex-work prices remained stable and CFR prices fell by 1.7% in India. The fall was largely attributed to lower feedstock prices—propylene oxide and ethylene oxide dropped 1.2% and 0.7%, respectively—and also lower ammonia prices, easing the cost of production. China Polyetheramine imports were supported by aggressive pricing, further supplemented by a 4.8% fall in Drewry's Intra-Asia Container Index, lowering freight expenses. India's manufacturing activity continued to grow, though at a decelerated rate, and early-month demand off-take remained modest. Nevertheless, GST 2.0 changes and Navratri festivities restored auto and building activity during the last week of the month, helping stabilize consumption.
In China, prices of Polyetheramine dropped by 2.7% because of oversupply and robust local production. Despite increases in feedstock prices—propylene oxide was up 2.4% and ethylene oxide 1.3% and 4.2% decline in ammonia prices helped maintain cost. Conditions in manufacturing improved with improved operating efficiency and lead times. On the demand side, vehicle sales grew 6.6% year-over-year, led by seasonality and trade-in incentives. Electric and hybrid vehicles accounted for over half of total sales, underpinning demand for Polyetheramine-based coatings. Infrastructure continued to be weak owing to regulatory limitations and sluggish material take-off, while export orders remained flat. Downstream customers adopted a conservative "buy-on-dip" strategy, further eroding market support for Polyetheramine.
For the USA, Polyetheramine rates decreased by 2.5% on account of low-cost imports and an elevated local inventory. The Chinese imports experienced a slight decline due to light port congestion as well as adverse weather conditions, such as damage from typhoons and the possibility of an approaching tropical storm. Drewry's World Container Index also fell, reducing freight rates and improving landed prices. Auto demand fell sharply, with cars selling 13.91% less month-on-month. On the other hand, homebuilding was firm with new work gaining 9.62% and did to some extent cushion industrial consumption. Downstream conservative purchases and sloppy automotive demand in the face of steady supply helped to push the speed of the Polyetheramine price decline.
As per ChemAnalyst, Polyetheramine prices in India are expected to remain moderately firm with supportive festive off-take, steady feedstock prices, and seasonally linked restocking. However, subject to low-cost imports and balanced domestic production, sharp increases may be curbed. Chinese prices are expected to edge up, driven by anticipated tightness in supply because of seasonally scheduled factory holidays. Large inventories may limit short-term gains. In the U.S., prices will trend, with future construction demand recovery. However, forecasted automotive weakness and ample port inventories may temper upward movement.
