For the Quarter Ending March 2025
North America
Throughout the first quarter of 2025, the Ethylenediamine (EDA) market in North America displayed a steady bullish trend, underpinned by improving demand dynamics and proactive market behavior. In January, although the plantation season had not yet commenced, the market experienced a surge in activity as traders and suppliers initiated restocking efforts in anticipation of future demand. This early movement injected confidence into the market, contributing to the upward momentum.
The bullish sentiment extended into February, driven by growing domestic demand as well as increased interest from Asian markets, particularly in the wake of the Lunar New Year, which traditionally marks a surge in trade activity. The post-holiday period revitalized international transactions and kept North American suppliers engaged. By March, the bullish tone strengthened further, as market participants began preparations for the upcoming plantation season in April.
Anticipating an increase in agrochemical sector consumption, suppliers adjusted their ex-quotations upward to reflect the evolving demand. Despite fluctuations in production costs during the quarter, market confidence remained intact, supported by strong downstream interest and consistent purchasing activity. Altogether, the first quarter was marked by sustained positive sentiment, restocking momentum, and growing anticipation of seasonal demand, keeping the EDA market firmly in a bullish position.
APAC
In Q1 2025, the Ethylenediamine (EDA) market in the APAC region maintained a strong bullish trajectory, primarily driven by a surge in the demand from the pharmaceutical and agrochemical sectors. January witnessed an increase in market activity as the pharmaceutical industry’s growth boosted demand for EDA, while the ongoing plantation season spurred agrochemical sector needs. This was further supported by proactive inventory restocking, with market participants anticipating supply disruptions during the Lunar New Year. February continued the upward trend, with strong demand persisting due to the peak of agrochemical activity and the resumption of industrial operations in China post-holidays. The introduction of new policies for the pharmaceutical sector also fueled optimism. By March, despite slight fluctuations in production costs, the market remained strong, driven by consistent demand from agrochemicals and ongoing plantation activities. The limited inventory available to meet new orders further fueled market activity, prompting players to source additional supplies internationally. The steady trade logistics and smooth operations across ports further supported market sentiment, reinforcing the overall positive outlook for the EDA market throughout the quarter. The combination of these factors contributed to the sustained bullish sentiment, ensuring continued market growth.
Europe
In the first quarter of 2025, the Ethylenediamine (EDA) market in Europe maintained a bullish trajectory, supported by rising demand and persistent supply chain challenges. In January, market activity intensified as participants began restocking in preparation for the upcoming peak plantation season expected in February. This early demand was further amplified by ongoing logistical disruptions, most notably port congestion in Hamburg, which constrained the smooth flow of goods. As February unfolded, the commencement of the plantation season led to a sharp rise in the consumption of existing inventories. To address the escalating demand, production and trading activities increased across the region, reinforcing the market’s upward momentum. Moving into March, the bullish sentiment persisted, though at a slightly moderated pace, as inventories were steadily drawn down and downstream demand remained stable. However, logistical issues continued to exert pressure on supply chains, with low water levels in the Rhine River and persistent congestion at major European ports complicating transportation and delivery schedules. These ongoing constraints played a critical role in sustaining firm market sentiment throughout the quarter, helping to keep EDA prices elevated and ensuring that bullish market dynamics remained intact across the European region.
For the Quarter Ending December 2024
North America
In Q4 2024, the Ethylenediamine (EDA) market in North America experienced a bearish trend, driven by a range of factors that affected both supply and demand. Fluctuations in feedstock prices, such as the continued decline in Ethylene Dichloride (EDC) and a modest improvement in Ammonia, did little to stimulate demand for EDA. The primary downstream sectors, particularly textiles and agrochemicals, showed limited activity, resulting in weak consumption throughout the quarter.
Additionally, ample inventory of the commodity was available, which helped meet any existing demand but prevented significant price changes. The market further struggled due to logistical challenges and supply chain disruptions caused by the hurricane season, which led to delays and operational halts at various production facilities. These disruptions compounded the bearish sentiment, as producers were unable to meet potential demand increases.
Despite efforts to stabilize supply and moderate production, the combination of low demand, excess inventory, and ongoing logistical hurdles kept the market on a downward trajectory. As a result, the EDA market in North America remained subdued throughout Q4 2024.
APAC
In Q4 2024, the Ethylene Diamine (EDA) market in the APAC region continued to face a bearish trend due to oversupply and weak demand from downstream sectors such as Polyurethane, Agrochemicals, and Textiles. Ample inventory levels, compounded by slow demand during the monsoon season, led to continued downward pressure on prices. Despite a rise in production costs, driven by higher Ethylene Dichloride (EDC) and Ammonia prices, the market remained subdued due to sufficient stock availability, limiting procurement activities. The competition from Chinese manufacturers, offering substantial discounts, further worsened the situation by forcing Indian producers to reduce prices and operate at lower capacities. At the end of the quarter, the textile sector experienced challenges due to upcoming sustainability regulations, which affected EDA demand. Similarly, the agrochemical sector faced issues from ongoing destocking activities and cost pressures from China, further contributing to the market's weak performance. Suppliers continued to clear excess inventory before the year-end, reinforcing the bearish sentiment. Overall, the market remained under pressure, with limited demand and excess supply dominating the landscape.
Europe
In Q4 2024, the Ethylenediamine (EDA) market in Europe experienced a bearish trend, largely driven by reduced production costs and weak demand from key sectors such as textiles and agrochemicals. Despite fluctuations in feedstock prices, with Ethylene Dichloride (EDC) continuing to decline and Ammonia seeing a slight improvement, these factors had little impact on boosting EDA demand. New orders remained scarce, and increasing pessimism, compounded by job cuts, further suppressed market activity. To address excess inventory, market players resorted to offering discounts, but low consumer confidence and constrained financial conditions continued to hinder demand. Additional challenges, such as labor shortages, heightened uncertainty, and rising costs, further exacerbated the market's negative sentiment. With new orders staying low and existing inventories sufficient to meet the weak demand, external factors like rail freight disruptions and an unfavorable economic outlook added further pressure. Despite effors by the European Central Bank to address inflation through interest rate cuts, the overall sentiment for EDA in Europe remained cautious and bearish.
For the Quarter Ending September 2024
North America
In Q3 2024, Ethylene Diamine (EDA) prices in North America trended upward, with the USA experiencing the most pronounced price changes. Multiple factors influenced this growth in market dynamics. Supply constraints, triggered by disruptions like labor strikes and natural disasters, considerably restricted Ethylene Diamine (EDA) availability across the region. These disruptions affected both production and transportation, resulting in a scarcity that drove prices higher.
Demand from the downstream agrochemical sector also surged as the plantation season advanced, adding further pressure. The agrochemical industry, reliant on Ethylene Diamine in fertilizers, experienced intensified seasonal demand, exacerbating supply limitations.
Additionally, rising production costs due to an increase in feedstock Ethylene Dichloride prices further supported Ethylene Diamine price growth. This, combined with rising demand, revealed inventory levels insufficient to satisfy market needs. To align with this constrained supply scenario, market players raised their ex-quotations, reinforcing bullish market sentiments for the commodity in the US.
APAC
In Q3 2024, Ethylenediamine (EDA) prices in the APAC region experienced a marked decline, with India showing the most significant reductions. The downward trend was driven by an oversupply of EDA, coupled with weaker-than-expected demand from key downstream sectors, which led to surplus inventories across the market. This situation was exacerbated by disruptions in production, including plant shutdowns in major manufacturing hubs, which added to regional instability. Seasonal factors also played a role, as delayed agricultural activities reduced the immediate need for EDA in agrochemical applications, further softening demand. These combined influences resulted in a bearish market environment, with EDA prices falling by 15% compared to the previous quarter and slipping an additional 8% between the first and second halves of Q3. This downward momentum was particularly evident in India, where prices reached USD 1563 per metric ton (CFR-JNPT) by the quarter's end. The cumulative effect of oversupply, demand fluctuations, and production disruptions underscored the challenging conditions prevailing in the APAC EDA market during this period.
Europe
In Q3 2024, the Ethylene Diamine (EDA) market experienced an uptrend, propelled primarily by the rising costs of feedstock Ammonia, whereas Ethylene Dichloride (EDC) witnessed stability in its trend. The strong increase in Ammonia prices directly impacted EDA production expenses, pushing market prices upward as manufacturers passed on these heightened costs. This cost-driven price growth was further compounded by a surge in the demand from the agrochemical sector. During the quarter, agricultural activities across Europe surged, intensifying the demand for agrochemicals and, consequently, for EDA. This seasonal spike in agricultural activity typically increases fertilizer demand, straining supply channels for EDA. As a result, the region faced a pronounced supply-demand imbalance, which supported bullish price momentum throughout Q3. The heightened demand from the agrochemical industry, coupled with restricted supply, created a favorable environment for price increases, reflecting the market's sensitivity to both feedstock fluctuations and seasonal agricultural cycles. Moreover, the sustained high demand emphasized the market's dependency on downstream agricultural activities, magnifying the effects of any shifts in the feedstock costs or seasonal agricultural requirements. Consequently, Q3 2024 marked a period of elevated pricing for EDA, underscoring the market's intricate supply-demand dynamics in Europe.
For the Quarter Ending June 2024
North America
In Q2 2024, the Ethylenediamine (EDA) market in North America encountered a notable downturn, characterized by a substantial decline in prices. This bearish trend was primarily driven by an oversupply situation within the market. Additionally, the production cost of the commodity saw a decline, influenced by the reduction in feedstock prices for Ethylene Dichloride (EDC) and Ammonia. Lower feedstock costs contributed to decreased overall production expenses, further reinforcing the bearish market sentiment. The influx of EDA into the market created an imbalance between supply and demand, leading to downward pressure on prices as market players were compelled to adjust their quotations to move excess inventory. This oversupply situation was compounded by a relatively stable production rate, which did not alleviate the surplus but rather contributed to maintaining high inventory levels.
Another significant factor contributing to the downturn was the subdued demand from key downstream sectors, particularly agrochemicals. The agrochemical sector, which typically represents a substantial portion of EDA consumption, exhibited weak demand during the quarter. This subdued demand was influenced by seasonal factors and reduced activity in agricultural applications. The lack of significant demand from this critical sector exacerbated the supply-demand imbalance, further driving down prices as sellers struggled to find buyers for their excess stock.
Additionally, intense competitive pressure from international markets played a role in the declining prices. The global EDA market experienced competitive dynamics that pressured North American prices. Import competition, coupled with favorable pricing and higher production efficiencies in other regions, forced North American producers to lower their prices to remain competitive. This international competition, alongside domestic oversupply and weak demand, collectively fostered a bearish market environment, resulting in a continued downward trend in EDA prices throughout the quarter.
APAC
In Q2 2024, the Ethylenediamine (EDA) market in the APAC region experienced a significant downturn marked by declining prices. Several factors contributed to this pricing environment, including robust supply levels, subdued demand from key consumer sectors such as pharmaceuticals, adhesives, and automobiles, and intense competitive pressure from international markets. Global economic challenges, particularly reduced activities in major sectors and decreased international bidding, further exacerbated the decline. The oversupply scenario, alongside reduced production efforts due to sluggish demand, created substantial downward pressure on prices. In India, the Ethylenediamine (EDA) market witnessed the most pronounced price changes. The overall trend depicted a bearish market sentiment, driven by high inventories and weakened demand. Seasonal factors, such as a general slowdown in manufacturing activities and persistent global economic uncertainties, contributed to the downward trajectory Compared to the same quarter last year, prices have depreciated significantly, reflecting the broader regional trend. Concluding Q2 2024, the price of Ethylenediamine (EDA) in India stood at USD 146500/MT CFR-JNPT, signalling a persistently negative pricing environment. This overall decline underscores the challenging market conditions and diminished profitability for producers amidst a backdrop of excess supply and tepid demand. Notably, no plant shutdowns or significant disruptions were reported by market participants, indicating that the observed price changes were primarily driven by market dynamics rather than production halts.
Europe
During Q2 2024, the European Ethylenediamine (EDA) market showcased a downward trend. The bearish trend observed in the market was driven by a combination of stable yet subdued demand from the downstream agrochemical sector and sufficient existing inventory levels. Despite the stable nature of demand, the agrochemical sector did not experience any significant spikes in consumption due to the ongoing harvesting season, which typically results in a more moderate demand for agricultural inputs. This moderate demand, paired with the availability of ample inventory, created a situation where market players were able to maintain a cautious approach to pricing. The existing stock levels alleviated pressure on the market, allowing it to absorb the steady but restrained demand without necessitating substantial price adjustments. Additionally, the production cost of the commodity saw a decline, influenced by the reduction in feedstock prices for Ethylene Dichloride and Ammonia. Lower feedstock costs contributed to decreased overall production expenses, further reinforcing the bearish market sentiment. The reduction in production costs, coupled with the already stable and subdued demand, resulted in a market environment where price increases were unnecessary. As a result, market participants remained cautious, reflecting the prevailing market conditions in their pricing strategies and maintaining a steady but conservative pricing stance.
