For the Quarter Ending March 2022
North America
In North America, the price of Dimethyl amine remained surged throughout the quarter. Prices remained up trended by the strong trading activities and showcased healthy demand among the producers. Feedstock Methane prices remained robust as the impact of Russia-Ukraine conflict impacted the market of crude oil and Natural Gas which added the new downward pressure to dyes enterprises driven by constraints supply in the US Petrochemical market. Dimethyl amine inventories continued to fall with succeeding months of Q1 2022 and raised the prices as result. Downstream agricultural and dyes industries were heard to operate moderately with low inventories, but the demand fell towards the end of the quarter with increased production rates among the producers. In US, the price of Dimethyl Amine during March was observed to be USD 1530/ton CFR Texas.
Asia Pacific
In Asia Pacific region, the prices of Dimethyl amine surged with succeeding months of the quarter. Bullish feedstock Methane and amine offtakes have continued to put higher pressure on Dimethyl amine prices in the domestic market. Imports that were delayed amid surging Russia-Ukraine conflict contributed to the price increase. Demand from downstream sectors such as dyes and pesticides industries has been strong, with direct effects on prices. New cargoes arrived on comparatively higher cost due to anticipated scarcity in future months. Furthermore, crude oil cost and weakness in rupee against dollar also exacerbated the overall price trend in Indian market. In India, the price of Dimethyl Amine during March was observed to be USD 1205/ton Ex-Depot Mumbai.
Europe
In Q1 2022, the prices of Dimethyl amine remained robust with increase in demand and surging production cost. Surging production cost and affecting operating rates in European market has induced uncertainties across global market, which has provided opportunity to traders to raise their offers. Exports from UK and Germany remained volatile throughout the quarter as the production units were affected. Logistics constraints and transportation issue remained concerned for the overseas suppliers. The consumption of Butyraldehyde in dyes and pesticides increased with increase in the prices. In Germany, the price of Dimethyl amine during March was observed to be USD 1850/ton FD Hamburg.
For the Quarter Ending December 2021
North America
In North America, there was a decrease in the market price of Dimethyl Amine due to the low prices of methanol which is the raw material for the manufacturing of Dimethyl amine. low methanol prices were bolstered by low demand in the domestic downstream industries and lower imports from Asia. In October, the price was at gentle pace, while during November, due to uptrend in feedstock prices Dimethylamine remained buoyant. Due to the urge of market participants to revamping their inventory because of the factor that covid 19 variant has been recorded in Southern Africa. But low demands of methanol across Asia made down fall in the prices in north America. due the feedstock of methanol observed low in December, the prices of Dimethylamine were also low in the ending of quarter 4.
Asia
In Asia, the sales of Dimethylamine showed increased at pace, due to covid 19, the market in pharmaceuticals took a gentle pace in sales of Dimethylamine. Dimethylamine market experienced elevated price trend in the Q4 2021 due to exorbitant rise in prices of feedstock Ammonia and Methanol in India and China. Further, the consistent rise in natural gas cost in the global market including Asia considered as one of the prime factors for high prices of Dimethylamine, as it was responsible for lifting up prices of its feedstock chemicals. Furthermore, demand for the product from the domestic market also remained firm, while Chinese market heard battling with production halts due to dual energy policy and Beijing Olympics.
Europe
In Europe, the price of Dimethylamine remained firm due to the high price of feedstock methanol and Ammonia, especially during November 2021. The price of feedstock Ammonia was high in Q4 due Exorbitant increased in price of upstream natural gas all across Europe which was assessed to be around 26% in November. Thus, due to the spike in the price of natural gas by such percentage in the Europe, manufacturers were compelled to raise their offers to sustain their profitability. Which resulted into high prices of Dimethylamine in the Europe.
For the Quarter Ending September 2021
North America
The overall market outlook of Dimethyl Amine showcased an upward trend in the 3rd quarter of 2021 across the North American region. The supply of upstream feedstock including Ammonia and Methanol improved from the last quarter resulting in high production of Dimethyl Amine in Q3. Demand for Dimethyl Amine remained bullish from the downstream pharmaceuticals and agrochemicals sector. Constrained availability of the feedstock due to high energy rates may result in some production lags for Dimethyl Amine in the upcoming quarter.
Asia
In the Asia Pacific region, the domestic market remained firm throughout the third quarter of 2021 backed by the strong demand outlook and ample availability of raw materials. Dimethyl Amine prices rallied upwards in tandem with positive prospects for the market estimates in India. The prices of Dimethyl Amine surged by a significant percentage in lieu of lower-than-expected impact of COVID on traded volumes, production margins, and operating leverage in the country. Dimethyl Amine Ex- Depot Chennai (India) price last stood at USD 812 per MT in September. A domestic manufacturer reported that its average capacity utilization at all amine plants was around 80% during Q2. A positive market outlook pushed up the prices for all amines since the first half of 2021.
Europe
The prices of Dimethyl Amine rose effectively in the European region during Q3 2021 on the back of the consistent demand from the downstream manufacturers. Increased feedstock prices and constrained production margins were the key factors that resulted in price increment in the region. Escalations in energy cost and recovering demand from the downstream agrochemicals sector pushed up the offers in Q3 2021. Imports from Asia remained high in this quarter.
For Quarter Ending June 2021
North America
Post winter storm several chemical commodities remained affected in USA, as the plants based in Texas underwent forced turnarounds. Entering May, major companies like Eastman and Celanese resumed their Dimethyl Amine manufacturing plant operations, which were halted due to the storm. Demand for Dimethyl Amine remained strong from downstream pharmaceuticals and agrochemicals sector. In addition, prolonged shortage of feedstock Ammonia and Methanol since mid-February led to an effective price hike during first half of the quarter. Therefore, taking support from soaring feedstock prices amidst stable to firm demand, prices of Dimethyl Amine showcased a decent rise during Q2 2021.
Asia
Being an active pharma ingredient, overall demand outlook of Dimethyl Amine remained strong in APAC region during this quarter. In China, prices of Dimethyl Amine rose quickly during first two month of Q2, due to active offtakes from pharmaceutical sector. While the Indian pharmaceutical sector purchased this commodity on need basis to abate losses; therefore, some fluctuations were also observed in the domestic market. Thus, prices of Dimethyl Amine were accessed at USD 866/MT for China and USD 604/MT for India during last week of April.
Europe
Dimethyl Amine showcased strong sentiments in Europe during this quarter, backed by firm offtakes from pharma and agrochemical segment. Firm values of feedstock Ammonia and Methanol also influenced the prices of Dimethyl Amine across the region, where the demand from domestic downstream sectors remained high enough to support the overall price trend. In addition, in the European market, demand for most of the Amines remained strong, which made prices to rise effectively during Q2 2021.
For the Quarter Ending March 2021
North America
Moderate to low demand from the domestic market, amidst low production rates led the prices of DMA to rise significantly till February. Severe shortage of major feedstock chemicals i.e., Methanol and Ammonia compelled its producers to raise their spot as well as contract prices during this period. This critical raw material shortage was led by forced shut down of major plants as an effect of chilling weather conditions across the US gulf coast. Operations at Dimethylamine and Trimethylamine plants of Celanese remained affected due to unplanned shutdowns and force majeure declarations in the Texas Gulf Coast, which in turn affected the product supplies across the Americas and EMEA region.
Asia
The Asian market showed mixed sentiments in the alkylamines market during Q1 2021. While in the Indian market Dimethylamine prices showed substantial growth till February but ended up falling lower than the January price i.e., at USD 570.8/MT in March. On the other side the Chinese DMA prices witnessed a steep growth till the end of February and hovered round USD 825/MT, which later stabilised in March. The demand primarily came from the pharmaceuticals and agrochemicals sector, which remained the key performing sectors during the quarter. However, the price rise was majorly backed by high freight prices and feedstock shortage across the region.
Europe
The European market reported firm demand for DMA from the agrochemicals sector for making insecticides, with the market prospects turning positive with the arrival of spring season. Global feedstock shortage affected the availability of feedstock chemicals in the European region too, while the domestic production of specialty amines remained halted due to weather related complications. Offers for Dimethylamine showed a positive correction with manufacturers complaining about the delayed shipments of raw materials as the transportation faced difficulties due to snow in the area.
For the Quarter Ending December 2020
Asia
During Q4 2020, healthy recovery from COVID-19 was sufficient to boost the demand of DMA from the agrochemicals and petrochemical sectors across the APAC. Global shortage of feedstock Methanol skyrocketed its prices in major Asian countries especially in China. Major DMA manufacturers witnessed great demand from agriculture and pharmaceuticals sectors, which well supported its prices. Buoyed by demand upsurge, the price of DMA in the Indian market rose from USD 488.3/tonne (October 2020) to USD 547.5/tonne (December 2020).
North America
In the North American region, Dimethylamine market was heard grappling with acute raw material shortage. Canada was heard facing shortage of feedstock Methanol throughout the quarter. The shortage was induced as an effect of unplanned outages of major Methanol production producers across the region since Q2 2020. The demand remained robust with several cosmetic manufacturers reporting high demand due to shift in regional trends towards sustainability and wellness impact ingredients. Demand for Dimethylamine Hydrochloride (DMA-HCl) for pharmaceutical preparations remained high.
Europe
In Q4 2020, Europe had faced regional shortage in supply of feedstock Methanol and it derivative products including methylamine and Dimethylamine. There were several reasons behind this fall. One of them was fire broke out in the largest Methanol production unit of Europe i.e., Equinor’s plant of capacity 900,000 tonne/year in Norway. Meanwhile, EU announced to reduce the usage pesticides in upcoming years, which is against the market sentiments.
