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
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.
