Triethanolamine showcasing different pricing dynamics in different countries
- 24-Mar-2022 2:43 PM
- Journalist: Patricia Jose Perez
Despite global uncertainties amid ongoing tension between Russia and Ukraine that has already lifted raw material prices in the global market, Triethanolamine (TEOA) prices varied country over country during the past few weeks. Triethanolamine finds a variety of applications in the coating, ink, and textile industry, where ChemAnalyst analyse the market trend of some major global economies like the USA, China, India, and Saudi Arabia. As per the ChemAnalyst analysis, the TEOA price trend varied countrywise, where the US, India, and Saudi Arabia markets showcased an uptrend, whereas a consistent weekly fall was observed for China.
Analysing market trends of these nations tells a different story, where China is facing the threat of rising pandemic cases in the country, which has made traders anxious about future trade activities in the country. However, China usually imports TEOA from Saudi Arabia, Malaysia and Singapore, where pricing dynamics are completely different from the Chinese domestic market. As per the information, panic-induced after the resurgence in COVID cases is the prime factor behind this steep decline, as downstream consumers are restraining themselves from bulk buying, while traders have widened the window of negotiations. Consequently, Triethanolamine prices tumbled in China during the past few weeks.
Talking about other exporting nations like the USA and Saudi Arabia, rising feedstock prices kept its effect of feedstock chemicals Ammonia and Ethylene Oxide, prices of these commodities are escalating on the back of rising Crude oil and Natural gas value. As a consecutive effect, TEOA price has also risen in line with its feedstock amidst modest to stable demand fundamentals. Meanwhile, in India, stable demand fundamentals and expensive imports from Saudi Arabia allowed traders to raise their offers to sustain profitability.
As per ChemAnalyst data, around a 2% decline in the price of Triethanolamine was observed in China, while a 1.5% to 2% hike in the USA, India, and Saudi Arabia during the past few weeks. In addition, it is estimated that rising upstream value may not show long-term ease any time soon in the global market. Thus, Triethanolamine prices may eventually end up on a high note by the end of this quarter.