For the Quarter Ending December 2022
North America
MEA (Monoethanolamine) Triazine displayed mixed sentiments in North America, with the market primarily exhibiting modest enthusiasm for the majority of the fourth quarter. The key reasons for the decreased pricing trend in the region were the growing stockpiles and changing consumer attitudes. Due to unfavorable market dynamics and falling feedstock prices for monoethanolamine and formaldehyde, the price of MEA Triazine fell. The majority of it, nevertheless, saw a decline in the market because the demand from the oil and gas sectors was not enough to make up for the price increase. While this was going on, producers had enough inventory on hand to meet domestic demand. It can be seen that MEA((Monoethanolamine) triazine market activity reduced in the fourth quarter of 2022.
APAC
Monoethanolamine Triazine prices climbed in the first half of the fourth quarter, with November prices hovering at about USD 2855/MT CFR Shanghai (China). Later, a drop in its price for the majority of the Quarter was brought on by a lackluster demand from downstream oil and gas businesses. As COVID instances increased in China, MEA Triazine producers in the Chinese market were on guard. Additionally, because consumers and sellers were in the dark about the consequences of the covid-resurge, some dealers claimed that the makers of MEA triazine had somewhat lowered the price of the material. MEA Triazine pricing consequently decreased, according to the ChemAnalyst group, in the fourth quarter of 2022.
Europe
Monoethanolamine Triazine saw a mixed mood, mirroring the Asian market, with the MEA Triazine declining for most of the fourth quarter. However, as its usage as an H2S scavenger was gradually waning, downstream saw slow offtakes from the gas and oil industries on the demand side as well. Meanwhile, manufacturers in the area had access to enough inventory. Thus, it was evident that MEA Triazine's price decreased in the second half of Q4. Furthermore, MEA triazine demand was at a low level, despite several players being seen reluctantly increasing stock levels in expectation of a rise in demand throughout the quarter.
For the Quarter Ending September 2022
North America
The price of feedstock Monoethanolamine (MEA) Triazine showed a mixed trend in the third quarter of 2022 since North America has a sufficient supply of Triazine and MEA. Although there was an increase in orders from the oil & gas industry as a hydrogen sulfide (H2S) mercaptan and scavenger in hydrogen streams, its price remained on the lower side in the first half, backed by the abundant availability of stocks. Additionally, due to ample supplies and growing market uncertainty, the price of MEA Triazine fell in the first half of Q3. Later, the region's MEA Triazine prices increased due to the increasing consumption of Triazine at petrochemical plants and the significant cost pressure brought on by the storm's effects.
APAC
In the third quarter of 2022, Monoethanolamine (MEA) Triazine prices showed a mixed trend. As feedstock Monoethanolamine (MEA) was seen to be fluctuating during the first half of Q3, the cost pressure subsided. The market remained weak as a result of the weak demand from the oil & gas industry. Limited order intakes were also on served by downstream manufacturers during the first half due to the muted demand for scavenger chemicals. While in the second half, the price for MEA Triazine rose, backed by the rising offtakes from the oil & gas industry as hydrogen sulfide (H2S) mercaptan and scavenger in hydrogen streams. The price for MEA Triazine varied during the quarter and stayed close to USD 2509/MT Ex-Ahmedabad during September.
Europe
Due to the mixed price trend of raw materials and constrained downstream procurement, the price of Monoethanolamine (MEA) Triazine fell during the first half of Q3. Cost pressure decreased as feedstock Monoethanolamine (MEA), and Triazine were observed to change in the third quarter's first half. Meanwhile, the lackluster demand from the oil and gas industry continued to weigh on the market. Later as demand for scavenger chemicals to remove hydrogen sulfide (H2S) from crude oil declined, downstream producers only received a small number of orders supported by the weak economic conditions, which resulted in low prices for MEA Triazine in the European region.
