For the Quarter Ending December 2024
North America
In Q4 2024, the price trend of Diamino Sulfanilide (DASA) in North America displayed a mixed pattern, marked by a decline in the first half of the quarter and an upward trend in the latter half. Early in the quarter, demand from key industries such as textiles, paper, and leather showed signs of weakness, primarily driven by economic uncertainty and slower-than-expected recovery in these sectors. This resulted in a dip in prices, as manufacturers adjusted their production levels in response to soft demand.
However, as the quarter progressed, industrial demand gained traction, fueled by a seasonal uptick in production and a more favorable economic climate. This resurgence, combined with supply-side challenges, such as production disruptions and logistical constraints, led to a tightening of supply and a subsequent rise in prices. Furthermore, the competitive dynamics within the North American market played a role in stabilizing prices as companies adjusted their strategies to manage profitability. Overall, while the first half of Q4 saw a price decline, the second half experienced an incline, with prices ending the quarter on a positive note due to stronger demand and constrained supply.
APAC
In Q4 2024, Diamino Sulfanilide (DASA) prices in the APAC region exhibited an overall decline, primarily driven by weaker demand from the textile sector. Early in the quarter, DASA saw a moderate price increase, largely supported by demand from India's textile industry, which showed resilience despite challenges in the cotton market. However, this increase was short-lived, as the broader global slowdown in textile exports and consumption weighed on the market. The textile sector, a major consumer of DASA for dye production, faced challenges due to reduced global demand, weakened consumer spending, and ongoing supply chain disruptions. This resulted in a significant price reduction in November 2024.
While the pharmaceutical sector continued to provide stable demand for DASA, particularly for its use in antimicrobial drugs, this was not enough to offset the decline in demand from textiles. Manufacturers adjusted their production rates to reflect the lower consumption from the textile industry, leading to lower prices. Despite logistical challenges and a stable supply chain, the persistent softness in textile demand drove a steady price decline for DASA throughout the quarter.
Europe
In Q4 2024, the price trend of Diamino Sulfanilide (DASA) in Europe experienced a mixed trajectory, with the first half of the quarter reflecting a decline and the second half seeing an upward shift. Initially, prices decreased due to subdued demand across several downstream industries, influenced by seasonal factors and weaker economic conditions. Industrial production faced challenges, which led to lower consumption of DASA, particularly in sectors such as textiles and chemicals. The competition in the European market also played a role in price stabilization, as multiple suppliers adjusted their prices in response to reduced demand.
However, the second half of the quarter saw a recovery in demand, primarily driven by a rebound in key sectors, including textiles and chemicals. This resurgence, coupled with rising raw material costs and production constraints in some regions, led to price increases. Moreover, supply chain challenges, including logistics and transportation delays, further tightened the market and contributed to the upward pressure on DASA prices. As a result, the overall price trend for DASA in Europe during Q4 2024 concluded with an incline, driven by stronger demand and tighter supply.
For the Quarter Ending September 2024
North America
During Q3 2024, DASA prices fluctuated slightly, reflecting the interplay of multiple market factors. The U.S. economy demonstrated both strengths and weaknesses, managing to maintain stability despite concerns about inflation and geopolitical uncertainties.
Supply dynamics were shaped by steady manufacturing activities and shifting trade environments. A marginal drop in the Producer Price Index (PPI) for manufacturing—from 249.624 in Q2 to 248.383 in Q3—highlighted minor cost reductions for producers. Restocking of depleted inventories contributed to a recovery in GDP, with Q2 growth recorded at 3.0% and projected to reach 2.7% for the year.
Strong consumer spending and business investments, supported by policies such as the CHIPS Act, sustained demand as inflation fell below 3.0% in July. However, geopolitical conflicts, including tensions in Ukraine and the Middle East, and potential trade tariffs created risks for supply chains. While the Fed’s anticipated rate cuts are expected to stimulate economic activity, shifts in labor markets and uncertainties in trade could challenge supply stability through 2025.
Asia
In Q3 2024, the pricing environment for Diamino Sulfanilide (DASA) in the APAC region witnessed a consistent decline, reflecting a negative sentiment. Various factors influenced market prices during this quarter, including subdued demand across key sectors, oversupply of chemical commodities, and global supply chain disruptions. The mismatch between supply and demand dynamics led to a downward pressure on prices, despite positive industrial production growth and economic activities. Plant shutdowns in certain regions further contributed to the pricing challenges faced by the market. India, experiencing the most significant price changes, saw prices decrease by 2% from the previous quarter. The quarter also recorded a notable -3% price difference between the first and second half. Overall trends in India reflected a decrease in prices, with the quarter-ending price standing at USD 4610/MT of Diamino Sulfanilide Ex Ahmedabad. Seasonality and correlation in price changes indicated a challenging period for the chemical market, with the pricing environment leaning towards a bearish outlook.
Europe
In Q3 2024, European DASA prices remained volatile within a narrow range, primarily driven by global economic uncertainties stemming from geopolitical tensions in West Asia and sluggish economic performance in both Europe and the U.S. Freight costs soared, with MSC and CMA CGM imposing FAK rates up to $6,500 per container due to limited space and added surcharges. Delays caused by Red Sea disruptions and congestion at Singapore's ports slowed shipments further. Meanwhile, air freight rates from Northeast Asia surged, with spot rates jumping 40% year-over-year due to heightened e-commerce activity and semiconductor demand. Despite increased capacity, logistical imbalances persisted. Looking ahead, the freight market is expected to remain turbulent in Q4. On the economic front, Germany’s industrial sector suffered a downturn, with weak production, high energy prices, and low export demand, adding pressure to the broader eurozone economy.
For the Quarter Ending June 2024
North America
In Q2 2024, the Diamino Sulfanilide market in North America experienced a balanced pricing trend. This stability was primarily driven by steady consumption across key sectors, particularly the pharmaceutical and textile industries. Both sectors maintained consistent demand, which helped to stabilize prices despite potential fluctuations in other market variables.
The pharmaceutical industry continued to be a reliable consumer of Diamino Sulfanilide, utilizing the compound in various drug formulations and processes. Similarly, the textile industry sustained its usage of Diamino Sulfanilide for dyeing and other applications, contributing to balanced consumption patterns throughout the quarter. The equilibrium in demand from these two critical industries ensured that there were no significant price fluctuations, allowing the Diamino Sulfanilide market to remain stable. The consistent demand from both sectors countered any potential pressures that could have led to price volatility.
Conclusively, the Diamino Sulfanilide market in North America maintained a balanced price trend in Q2 2024. The steady consumption in both the pharmaceutical and textile sectors was the primary factor in this stability, demonstrating the market's resilience amidst other potential influences. The balanced pricing trend reflects a stable market environment, driven by sustained demand across key industries.
APAC
In Q2 2024, the Asian Diamino Sulfanilide market showed a generally bearish trend, influenced by several key factors. The overall supply remained robust due to steady production levels and minimal disruptions across the region. However, demand decreased due to subdued industrial activity and reduced consumption from major downstream sectors such as textiles and catalysts. Unseasonal fluctuations in the global freight market, characterized by increased rates and capacity constraints, added pressure but did not significantly impact prices thanks to the strong local supply chain.
In India, the market experienced the most notable price changes within the APAC region. Despite significant growth in the textile sector, demand for Diamino Sulfanilide stagnated. This stagnation was worsened by balanced supplies, which contributed to a decline in prices. Seasonal factors also played a crucial role, as the summer season typically sees a drop-in industrial activity, affecting overall demand. Prices fell by approximately 2.5% compared to the previous quarter, with the end-of-quarter price standing at USD 4678/MT, reflecting a negative pricing environment throughout Q2.
Although there were no reported plant shutdowns or major disruptions, market sentiment remained negative, with price depreciation being the prevailing trend. The stability in supply and lack of significant demand growth in India were key factors contributing to this trend, indicating a challenging pricing environment for Diamino Sulfanilide in the region.
Europe
In Q2 2024, Europe’s Diamino Sulfanilide market saw a notable bullish trend in pricing. This increase was largely due to substantial costs associated with importing the compound from Asia. The primary drivers behind the rising prices were heightened freight charges and escalated production expenses in Asia, which significantly impacted the cost structure for European buyers.
The importation costs surged due to several factors, including increased shipping rates and logistical disruptions affecting global supply chains. These challenges in transportation and shipping infrastructure translated into higher expenses for importing Diamino Sulfanilide. Consequently, European distributors faced elevated costs, which were reflected in the higher prices seen across the region.
Ultimately, the European market for Diamino Sulfanilide remained bullish in Q2 2024. The significant rise in import-related costs was the main factor driving this trend, indicating the broader impact of global economic and logistical issues on regional market conditions. The trend underscores the sensitivity of the European market to international supply chain fluctuations and production cost variations.
For the Quarter Ending March 2024
North America
During the first quarter of 2024, the pricing landscape for Diamino Sulfanilide in North America was influenced by various factors, resulting in multiple fluctuations market prices. The region witnessed a mixed trend, with prices fluctuating due to seasonal factors and market dynamics.
In the USA, where the most significant price changes occurred, the quarter commenced with a decrease in prices attributed to subdued purchasing activity in the global market and low domestic demand caused by adverse weather conditions and reduced trading post-holiday season. However, as the quarter progressed, prices began to stabilize, driven by the anticipation of seasonal demand and minimal disruptions in the supply chain. However, drought condition Panama Canal and red sea issue remained a matter of concern for traders as well as for producers.
Demand for the product remained moderate to high, and suppliers effectively met market needs. With the onset of summer, demand for Diamino Sulfanilide increased, particularly from downstream derivatives and intermediate segments, resulting in an overall positive pricing trend in the country.
APAC
The pricing environment for Diamino Sulfanilide in the APAC region during Q1 2024 has been characterized by various factors that have influenced market prices. The overall trend in the region has been mixed, with prices experiencing fluctuations due to seasonal factors and market dynamics. In India, which has seen the maximum price changes, the market started the quarter with a decline in prices. This was attributed to a subdued purchasing atmosphere in the global market and low domestic demand due to adverse weather conditions and reduced trading activities post the holiday season. However, as the quarter progressed, prices started to gain firmness, driven by the anticipation of seasonal demand and the absence of significant supply chain disturbances. The demand for the product remained moderate to high, and suppliers were able to meet the needs of the market. As summer arrived, the demand for Diamino Sulfanilide started to pick up, particularly from the downstream derivatives and intermediate segments. This led to an overall positive pricing environment in the country.Overall, the quarter-ending price for Diamino Sulfanilide Ex Ahmedabad in India was recorded at USD 4800/MT.
Europe
The pricing environment for Diamino Sulfanilide in the european region during Q1 2024 has been characterized by various factors that have influenced market prices. The overall trend in the region has been mixed, with prices experiencing fluctuations due to seasonal factors and market dynamics. In Germany, which has seen the maximum price changes, the market started the quarter with a decline in prices. This was attributed to a subdued purchasing atmosphere in the global market and low domestic demand due to adverse weather conditions and reduced trading activities post holiday season. However, as the quarter progressed, prices started to gain firmness, driven by the anticipation of seasonal demand and the absence of significant supply chain disturbances. The demand for the product remained moderate to high, and suppliers were able to meet the needs of the market. As summer arrived, the demand for Diamino Sulfanilide started to pick up, particularly from the downstream derivatives and intermediate segments. This led to an overall positive pricing environment in the country.
