For the Quarter Ending September 2022
The prices of N-Methyl Aniline declined consistently in the North American market during the third quarter of 2022, backed by the depleting market value of feedstock Aniline. Due to the falling upstream Crude oil prices, aniline prices were consistently falling in North America. The recession fears have impacted the region’s economy. Following the upstream crude oil prices, the cost of the crude derivative was in a downward trend. Additionally, there was a significant supply of Aniline in the local market due to the substantial imports of the substance from European nations. Furthermore, the downstream demand from agrochemicals, petrochemicals, and dyes industries was not that strong during the quarter, which further supported the price drop of N-Methyl Aniline in the market.
In contrast with the North American market trend, the N-Methyl Aniline prices increased dramatically in the Asia-Pacific region during the third quarter of 2022 on the back of strong demand from downstream industries. As N-Methyl Aniline majorly finds its usage in the agrochemicals industry, and the demand for fertilizers surged in the market during the quarter, the enquiry for N-Methyl Aniline rose correspondingly. Though the prices of feedstock Aniline kept declining until the month of September, the market was dominated by the demand side. Hence the value of N-Methyl Aniline soared. In September, the assessed price value of N-Methyl Aniline was USD 2575.33/MT Ex-Mumbai (India).
Unlike North America and Asia-Pacific region, the N-Methyl Aniline pricing trend remained unstable in the European market during the third quarter of 2022, backed by unsteady upstream cost. The market of N-Methyl Aniline showcased a bullish trend in July and September while depicting a decline in August. As feedstock Aniline kept fluctuating throughout the quarter, so did the manufacturing cost involved in N-Methyl Aniline, which resulted in a higher price value of N-Methyl Aniline during the quarter. Furthermore, the downstream demand from agrochemicals, petrochemicals, and dyes was unsteady during the quarter, which eventually supported the flickering N-Methyl Aniline market sentiments.
For the Quarter Ending June 2022
In the second quarter of 2022, the price of N-Methyl Aniline fluctuated due to shifting upstream costs. N-Methyl Aniline market value rose until May before abruptly falling in June. The upstream costs involved in producing n-Methyl Aniline climbed along with the pricing value of the feedstock Aniline until it experienced a considerable decline in June. As a result, the market's perception of N-Methyl Aniline flickered. Furthermore, the first half of the quarter saw robust downstream demand from the agrochemicals, petrochemicals, and dye industries. However, as soon as the second part of the quarter began, the offtake began to decline. The price of N-Methyl Aniline increased due to surged energy costs, escalated freight expenses, and congested ports due to the Russia-Ukraine war.
The N-Methyl Aniline market showcased a completely contrasting pricing trend in India and China. On the one hand, the market value of N-Methyl Aniline declined after April in India. On the other, China witnessed an escalation in the price of N-Methyl Aniline after April. Corresponding Feedstock Aniline prices entirely backed the market sentiments in both these countries. As the value of Aniline decreased in May and June in India and depicted a reversed trend in China, the upstream cost involved in the manufacturing of N-Methyl Aniline proceeded accordingly. Furthermore, the downstream demand from dye, agrochemical, and petrochemical industries was weak in the Indian market, deteriorating the N-Methyl Aniline market. The offtake of N-Methyl Aniline from the same downstream industries was good in Chinese domestic market, which backed up the propel in N-Methyl Aniline prices.
In the second quarter of 2022, the pricing trend for N-Methyl Aniline revealed conflicting feelings in the European market. The market value decreased in May after rising in April, then rose again in June but fell short of the value in April. Prices for N-methyl Aniline fluctuated along with the feedstock Aniline market during the quarter due to the strong demand for Aniline from the downstream industries. N-Methyl Aniline pricing value increased because of its escalated usage in the dyes, agrochemicals, and petrochemicals industries. Conclusively, N-Methyl Aniline prices in Europe fluctuated because of shifting supply and demand dynamics in the domestic market.