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
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.
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.
