US Ethanolamine Prices Surge 57.26% in June as INEOS Price Hike and Plaquemine Shutdown Create Supply Shock

US ethanolamine prices surged **.*** in June ****, recording one of the most dramatic single-month price increases in the US Gulf Coast specialty amine market in recent years, as two simultaneous and reinforcing events at INEOS Oxide&#**;s Plaquemine, Louisiana facility — a formal price increase announcement and a planned production shutdown — converged to create an acute supply shock that dramatically outweighed the bearish influence of declining feedstock costs.

On May **, ****, INEOS Oxide, a division of INEOS Americas LLC, announced a price increase on ethanolamines effective June *, ****, or as contracts allow. The announcement specified that monoethanolamine (MEA) would increase by USD *.**/lb, with the updated pricing applicable to all ethanolamine shipments between June * and June **, ****. The price increase announcement immediately signalled to the market that INEOS — one of the US Gulf Coast&#**;s dominant ethanolamine producers operating...