For the Quarter Ending June 2023
North America
In addition to subdued demand, there was an ample supply of Diethylenetriamine in the USA, which added to the downward trend for prices. Diethylenetriamine trades in North American markets have fallen with weak market fundamentals with limited trade volume due to oversupplies. The market's fundamentals and lower bidding for fresh stock are hampered. Inventory levels among downstream preservative companies increased, which pushed producers to clear stock levels. Petrochemical prices have declined with recession fears and weak market fundamentals weighing on economic growth and industrial production. European producers' margins are particularly affected as their production costs have declined with sufficient product availability and a feeble demand outlook. In Q2 2023, some units from DETA cut production, as the demand reduction impacted the operating rates. The demand for DETA from the downstream agrochemicals and oil & gas industries was hampered, and subdued bidding from the suppliers forced the producers to reduce their prices for the regional market. In this quarter, market players remained cautious due to high stock volumes and increased competition in the market.
Asia Pacific
In Q2 2023, the prices of DETA in India slipped amid weak demand, sufficient supply, and slow market fundamentals. The prices of DETA in India slipped amid weak demand, sufficient supply, and slow market fundamentals. This quarter, the DETA price declined along with the feeble trading activities. The spot availability of DETA remains sufficient to fulfill the requirement from the downstream industry. Limited trades of DETA from the overseas market to the Indian port were observed due to adequate supplies among the significant manufacturing units. In terms of the logistics market, declining freight costs and adequate container availability further provide support to the weak price trend. DETA market demand appears to have shrunk in the period of sluggish demand, and buyers stayed on the sidelines as the demand for products continued to be dim, which compelled DETA makers to decline their price trend. Consumers of DETA chose to consume their supplies, but weak market fundamentals were the outcome of insufficient demand.
Europe
With the recession fears and economic uncertainty in the region, the trading fundamentals related to Diethylenetriamine slumped, and the market demand outlook remained uncertain. DETA prices in the region declined with weak market fundamentals and sufficient product availability. Germany no longer carries an unconventional premium over European markets as DETA markets remain inflated and have seen sharp downward corrections. In terms of the feedstock market, the Ethylene Dichloride market remains drooped with the expectation of a feeble price trend from the supplier's end. Most DETA suppliers have high inventories at a time when they face a slump in import orders for their finished products. The dubious economic outlook is probably going to dampen demand further. The demand for DETA from the downstream Agrochemical and oil & gas industry slumped with deterred purchasing from the end user. In the value term, the trading also declined due to lower demand from the overseas market. In June 2023, the price of DETA in Germany declined to USD 3710/ton FD Hamburg.
For the Quarter Ending March 2023
North America
Several factors have contributed to the decline in the price of DETA in the US market during the first quarter of 2023. These factors include an oversupply of DETA and weak demand from industries like epoxy resin curing agents. Additionally, reduced consumer spending has limited the new offers for DETA in the US market. DETA manufacturers in the domestic market are facing strong competition, causing cost pressures that affect the final commodity price. Moreover, the decrease in Ethylene Chloride prices, a key component in DETA production, has reduced the manufacturing costs for DETA market players. Finally, the recent increase in crude oil prices globally during March 2023 has caused market uncertainty.
APAC
The low pace of new orders in the Asian market at the end of the quarter ending March 2023 put negative pressure on the DETA market. The general price trend of DETA prices indicated a downward trajectory as a result of lowered inflationary pressure following the fading influence of COVID market-related disruptions and progressively rising production rates in the Chinese market. In March 2023, the final DETA prices in the APAC region were influenced by the regional market's silent demand in the downstream agrochemical and epoxy resin curing agent sectors. Meanwhile, the continuing economic slowdown in the Asian market contributed to the DETA price momentum in the first quarter of 2023.
Europe
The DETA market in Europe has been affected by a variety of factors, including uncertainties in the market, inflationary pressures leading to tighter consumer budgets, and a slowdown in the European economy. These factors have contributed to a nearly 2% decline in DETA prices in the first quarter of 2023. Moreover, the decline in the DETA prices, caused by the muted offers from the downstream agrochemical and other competitive sectors, amidst minimal confidence in transactional activity in the domestic market and postponed overseas purchase orders. Conclusively, the DETA market in Europe faced significant challenges in the first quarter of 2023, and the price of DETA was assessed at USD 4038/MT FD Hamburg (Germany) in March 2023.
For the Quarter Ending December 2022
North America
The Diethyelenetriamine (DETA) showed mixed market sentiments throughout the Quarter ending December 2022, owing to the fluctuations in the downstream offers from the construction sector and limited supplies of the product. High inflation weighed on the buying sentiments and led to curtailed production activities in the regional downstream sectors, such as the automotive and textile industries. Besides, the demand from the oil industry in October and November remained upward amidst firm overseas inquiries and increasing production elevating the DETA prices in the US market. However, stability in the oil industry demand during December of 2022 led the DETA price to fall in the US market.
APAC
The Diethyelenetriamine (DETA) prices showed an overall upward trend in the Q4 of 2022 in the APAC region due to uncertain consumer demand from the downstream automotive and textile sector and limited stock availability. The DETA price rise in October and November 2022 resulted from the constrained supplies of Crude oil impacting the value chain of DETA. Additionally, the inflow of cheaper supplies and easing feedstock Ethylene costs affected the pricing dynamics of the product in December 2022. Therefore, the December prices of DETA fell in the Asian market, backed by the ease in the input costs and lower downstream demand from the Oil industry.
Europe
The Diethylenetriamine (DETA) showed mixed market sentiments in the fourth Quarter of 2022, backed by the limited availability of stocks and uncertain downstream demand from the oil industry in the region. Meanwhile, volatility in the upstream crude oil prices exacerbated by the crippled Russian fuel supplies also caused the upward input cost pressure on the DETA pricing dynamics in this Quarter. In addition, the rising inflation in the region and muted demand slumped the market activities for DETA in the Quarter ending December 2022. In addition, stability in the feedstock Ethylene prices also supported the price movement of the product. The DETA price was assessed at USD 5525/MT FD Hamburg (Germany) in December 2022.
For the Quarter Ending September 2022
North America
The price of Diethylenetriamine (DETA) showed a downward trend in the North American region owing to the no change in domestic demand from the agrochemicals and paints & adhesives segment amidst weak consumer confidence during several market uncertainties. In addition, the continuous dip in the feedstock Ethylene prices due to sufficient availability of stocks contributed to the ease in the DETA prices in the local market. Bearish buying sentiments were shown amongst the buyers in this quarter in the North American region owing to the workers' strike at the west coast port of the US and production cuts in North America.
APAC
Diethylenetriamine (DETA) prices maintained an upward trend throughout the third quarter due to India's rising downstream demand for paints & adhesives with the upcoming festive season in the country. Manufacturers and traders faced input pressure with escalating feedstock Ethylene prices, which compelled them to revise their offers. Enterprises have been going out of warehouse cargo. Thus, market players raised prices to sustain good margins. Moreover, the DETA price rose efficiently due to the high inflation and hovering around USD 6319/MT Ex-Vadodara (India). Firm offtakes in the market amid inadequate supplies in India from China led to a surge in commodity prices in Quarter 3 of 2022.
Europe
The European market of Diethylenetriamine (DETA) experienced a stable demand from the Epoxy resin segment, which made the prices of Diethylenetriamine (DETA) rise during Quarter 3 of 2022. Besides, a rise in market uncertainties amid a high inflation rate and port congestion at the UK and German ports amidst wage disputes caused a shortage of supplies to affect DETA's costs. Additionally, high energy values during this quarter amidst hampered Russian supplies impacted the commodity's price movement in the European market. In the quarter ending September 2022, The price of DETA was assessed at USD 5349/MT Amsterdam (Netherlands) at the termination of September 2022.
For the Quarter Ending June 2022
North America
The price of Diethylenetriamine (DETA) showed an uptrend in the North American region owing to the firmness in demand from the agrochemicals and paints & adhesives segment as the ongoing sowing in the month of April and fear of surging of Covid 19 cases in the European region. In addition, the continuous surge in feedstock Ammonia and Ethylene prices due to the high inflation rate also contributed to the rise of Diethylenetriamine prices in the local market. Bullish buying sentiments shown amongst the buyers this quarter in the North America region. The price of Diethylenetriamine showcased an overall surge of 4% in quarter 2 of 2022.
APAC
Diethylenetriamine prices maintained an upward trend throughout Quarter 2 due to India's rising demand from downstream agriculture and paints & adhesives. Major manufacturers faced a shortage of feedstock Ethylene which pressured them to revise their offers. Enterprises have been running out of warehouse cargoes, which compelled manufacturers to raise the prices to sustain better profit margins. DETA price rose effectively due to the high inflation rate and heard perched around INR 414630/MT Ex-Depot Mumbai during June. Firm offtakes in the local market amid inadequate supplies in India from China led to a surge in DETA prices in Quarter 2 of 2022.
Europe
The market of Europe experienced a high demand for Epoxy resin, which made the prices of Diethylenetriamine (DETA) rise during Quarter 2 of 2022. A remarkable rise in freight and shipping container prices amid a high inflation rate due to the ongoing geopolitical conflict between Russia and Ukraine caused upward pressure on the prices of DETA. Additionally, high energy values during this quarter amidst War impacted the price movement of DETA in the European market. In addition, demand fundamentals for DETA observed a surge from downstream segments such as agriculture and paint & adhesives amid hampered production. In the second quarter of 2022, the shortage of feedstock Ethylene also conclusively pressured the traders to forward the cost burden to the consumers to attain better profits in the market. The price of DETA was assessed at USD 4047/MT Amsterdam (Netherlands) in June.
For the Quarter Ending March 2022
North America
The price of Diethylenetriamine (DETA) showcased an uptrend in North America backed by the firm demand from the agrochemicals and pharmaceuticals sector in lieu of the approaching sowing in the month of April and fear of a resurgence of Covid 19 in the region. Meanwhile, the continuous surge in the prices of feedstock Ammonia and Ethylene Dichloride also contributed to the rise in Diethylenetriamine prices in the regional market. Bullish buying sentiments were shown by the trader in this Quarter in the North America region. The price of feedstock Ethylene Dichloride were assessed at USD 983/MT in March in the USA.
Asia Pacific
Diethylenetriamine prices showcased an upsurge throughout the first quarter due to the consistent increase in the cost of raw materials. Major manufacturers faced a shortage of feedstock which pressured them to revise their offers. Since January, market players have been running out of cargoes, which compelled manufacturers to raise their offers to gain a better margin. DETA price rose effectively and heard hovering around USD 4726/MT during February. DETA prices surged in Quarter 1 in lieu of firm offtakes from the domestic market amid inadequate supplies in India. Furthermore, demand also remained firm across the regional market in India, which led to firm price dynamics of DETA in Asia.
Europe
A tremendous rise in freight and shipping container prices due to the ongoing geopolitical tension between Russia and Ukraine forced every imported commodity price to reach its peak value in Q1 including that of Diethylenetriamine (DETA). Additionally, energy prices rose during this quarter due to supply disruption from Russia. Demand fundamentals for DETA observed a hike from downstream segments such as fire retardants. Thus, DETA prices demonstrated strong sentiments as the overall demand remained firm. DETA prices were assessed at USD 4171/MT _in Germany in the month of March.
For the Quarter Ending December 2021
North America
Diethylenetriamine (DETA) prices in North America remained supported by consistent offtakes from the agrochemicals, pharma, and epoxy resins sector. DETA demand as a curing agent fluctuated in a moderate to firm range throughout Q4. Continuous and steep climb in feedstock Ammonia and Ethylene Dichloride (EDC) prices also assisted in pushing up prices of DETA in the regional market. Therefore, during this quarter, bullish market sentiments were observed in the prices of DETA across North America region. Prices of Ammonia which is feedstock for DETA reached USD 1280 FOB New Orleans in December.
Asia
Asian market continued to witness firm sentiments for Diethylenetriamine (DETA) during this quarter as well. Taking pressure from firm offtakes from the domestic market amid inadequate supplies in India, DETA prices soared during all three months in Q4. Several major manufacturers ran out of cargoes for spot buyers, while imports also got expensive week over week. Furthermore, demand fundamentals also remained stable to firm across the regional market, supporting current pricing dynamics in the country. In addition, some major manufacturers also revealed that they faced shortage of feedstock, which pressurised them to keep on revising their offers in domestic market. By the end of Q4, DETA prices CFR India reached USD 3950 per MT.
Europe
European Diethylenetriamine market witnessed similar trend as that in North America and Europe due to an appreciable hike in raw material prices. Demand for the product from the epoxy segment remained firm till mid-Q4 owing to its appreciable demand from the downstream segments. As prices of Ammonia continued to rise due to the extended energy crises in Europe, they levied a direct impact upon DETA prices in the regional market. CFR Ammonia prices in Germany were assessed at USD 943 during December.
For the Quarter Ending September 2021
North America
The market outlook of Diethylenetriamine strengthened during the third quarter of 2021 across the North American region. An increment in the prices of upstream feedstock i.e., ethylene and ammonia impacted the prices of Diethylenetriamine (DETA) in the US. Consistent demand for DETA from sectors like fuel additives, epoxy curing agents, and textile detergents put an upward pressure on the pricing of Diethylenetriamine (DETA) throughout the 3rd quarter.
Asia
In the Asia Pacific region, the prices of DETA witnessed a steep rise in Q3 of 2021. A hike in the demand was observed from the downstream epoxy resins and agrochemicals industry during the quarter. In the Indian market, DETA prices showed a steady climb as several players reported improved offtake volumes by the downstream sectors. Diethylene Triamine (DETA) price escalated from USD 3738 to USD 4006 per MT in western India in the third quarter. India’s sole DETA manufacturer, Balaji Amines reported that improved prospects for pharmaceuticals and agrochemicals in both import and export markets during the pandemic had served well for its improved performance in Q3 2021. India’s manufacturing sectors which had been picking actively in the past few months, further supported gradual improvement in the product prices.
Europe
The European market improved in the third quarter of 2021 across the European region. DETA prices observed an upward momentum during the month of August. Demand fundamentals remained sturdy from the domestic as well as the international markets in Q3. A steep rise in demand and surges in raw materials further supported the prices of several amine derivatives. Bullish demand from the downstream pharma sector continued to push the regional sales during the quarter.
For the Quarter Ending June 2021
North America
Demand for Diethylenetriamine (DETA) remained stable to firm in North America region, supported by active offtakes from the pharma, agrochemicals and Epoxy resins sector. Being an active curing agent for manufacturing of several downstream chemicals and precursor of some pharmaceutical products like Diethylene Triamine Penta Acetic Acid (DTPA), demand from these segments remained moderately firm during this quarter. In addition, rise in feedstock Ammonia prices also affected the prices of DETA in US. Therefore, during this quarter, an overall firmness was observed in the prices of DETA across North America region.
Asia
Asian market witnessed firm sentiments for Diethylenetriamine (DETA) during this quarter. In China, demand for DETA was deemed stable for most of the downstream sectors, including epoxy resins and agrochemicals. Meanwhile in the Indian market, demand from Epoxy Resins remained low, as under the pandemic, consumption of Epoxy resins declined in the country. However, demand from other sectors like Pharmaceuticals maintained firmness throughout the quarter, supporting its prices. Moreover, sturdy demand for agrochemicals also bolstered the overall growth of DETA market in India.
Europe
European Diethylenetriamine market-maintained sturdiness during this quarter, supported by ample offtakes from the agrochemicals segment. The demand for fungicides rose across Europe during this quarter, which increased the demand for Ethylene Triamine and eventually increased the supply of co-product Diethylenetriamine. In addition, revival of economic also improved the demand for other products like Epoxy, which eventually increased the demand for its curing agent DETA.
For the Quarter Ending March 2021
North America
The North American market encountered a significant fall in DETA prices during this quarter in tandems o feeble demand from downstream segments. During this timeframe, North American downstream market like agrochemical, coating, pulp and paper were running low due to unfavourable weather conditions across several areas of America. As Epoxy Resin is a major end use segment for DETA, low availability of Epoxy resin also impacted the demand for its hardener DETA in the regional market.
Asia
Ample availability against subdued demand for DETA made the prices to trace downward trajectory during this quarter. Despite of the raw material shortage in Asia after Chinese lunar holidays, prices didn’t demonstrate sufficient improvement, as the inventories remained ample. In Indian market, low availability of Resin reduced the demand for it hardening agent DETA which made the prices to dwindle by 1.3% within the quarter and settled at USD 1673 per MT during March in India. In addition, demand from Pulp and Paper and Agrochemical segment remained stable throughout the quarter in the overall Asian market.
Europe
The European market experienced huge shortage of Epoxy resin, which made the prices to skyrocket during this period. Tremendous rise in freight and shipping container prices, forced every imported commodity price to reach its peak value. However, price of DETA fluctuated in a narrow range, due to moderate to firm demand from downstream segments. Thus, DETA prices demonstrated mixed sentiments and overall demand remained firm across the region.
For the Quarter Ending December 2020
North America
In 2020, volumes and margins of several American DETA manufacturers remained pressured under dull economic environment and competitive pressures. However, a significant improvement was observed on QoQ basis. The manufacturing rate of DETA showed substantial recovery in the US as major facilities in Louisiana restarted the production of the raw materials after a temporary turnaround in Q3. Exports to Asia increased as the economy started to rebound due to increasing demand from the agrochemical industry.
Asia
Availability of DETA in the region remained tight during the fourth quarter of 2020. DETA consumption in the Asian region improved, due to significant recovery in the industrial and commercial activities after the COVID-related lockdown restrictions eased during Q4. Imports from the US stood majorly hampered by the production cuts in major facilities due to technical issues. However, the demand surged in the fourth quarter due to improved offtake from the downstream sectors such as pharmaceuticals and agrochemicals. Limited availability and soaring demand triggered multi-fold rise in the regional DETA prices. In India, the price of DETA were increased by USD 45-60 per tonne in the second half of the fourth quarter while maintaining the average price range of USD 1430 -1594 per tonne during the period.
Europe
Product supplies remained tight in Q4 2020 caused by expected and unexpected plant turnarounds in feedstock ethylene dichloride (EDC) production units leading to hampered DETA production levels. The diversion of large volumes of feedstock EDC towards the production of the PVC as the construction sector regained pace in the region caused constraints in DETA manufacturing. The global surge in DETA prices, especially from regions like Asia and US, limited the import volumes. Meanwhile, the demand outlook turned favorable by the end of the fourth quarter.
