For the Quarter Ending September 2025
North America
• The N-Methyl Aniline Price Index in North America showed a mild decline during Q3 2025, reflecting subdued demand from key downstream sectors such as fuel additives, dyes, agrochemicals, and rubber chemicals.
• Spot Price activity remained restrained throughout the quarter, with limited buying interest and high inventory levels among distributors. September saw a slight dip in prices due to cautious procurement and slow shipment volumes.
• Prices decreased modestly in September, driven by weak demand from fuel blending and agrochemical applications. Although supply was well-managed, the lack of downstream momentum and stable feedstock methanol costs kept prices under pressure.
• The Production Cost Trend remained stable, supported by consistent methanol availability and moderate energy costs. Efficient domestic operations helped maintain margins despite soft market conditions.
Why did the price of N-Methyl Aniline change in September 2025 in North America?
• Prices decreased modestly due to weak demand from fuel blending and agrochemical sectors, which limited spot market activity.
• Production costs remained stable, supported by consistent methanol and energy inputs, but lacked upward pressure to drive prices higher.
• High inventory levels and cautious procurement among downstream buyers further softened price momentum.
APAC
• In India, the N-Methyl Aniline Price Index fell by 13.79% quarter-over-quarter, reflecting oversupply and weak downstream demand in Q3 2025.
• The average N-Methyl Aniline price for the quarter was approximately USD 2655.97/MT, reflecting broad regional supply balance.
• N-Methyl Aniline Spot Price remained under pressure due to subdued downstream demand and steady supply availability, amid monsoons.
• N-Methyl Aniline Price Forecast suggests limited upside in near term due to inventory overhang and cautious restocking across APAC.
• N-Methyl Aniline Production Cost Trend remained stable with moderate energy costs, offset by soft feedstock movements and efficient operations.
• N-Methyl Aniline Demand Outlook weakened in APAC due to dye, agrochemical cycles and subdued industrial activity across key markets.
• N-Methyl Aniline Price Index continued softening on transport seasonality, slower restocking, and muted downstream investment activity.
• N-Methyl Aniline Spot Price volatility persisted amid currency fluctuations and export order hesitancy across APAC markets, widening price dispersion.
Why did the price of N-Methyl Aniline change in September 2025 in APAC?
• Reduced downstream demand from dyes and agrochemicals lowered spot and downstream pricing in APAC markets, intensifying margin compression.
• Oversupply and comfortable port inventories limited buying interest, contributing to softer prices in Q3 2025 across markets.
• Currency volatility and subdued refinery activity pressured landed costs and dampened near-term pricing dynamics further amid global uncertainties.
Europe
• The N-Methyl Aniline Price Index in Europe declined moderately during Q3 2025, reflecting weak downstream activity and cautious procurement across key sectors such as fuel additives, dyes, agrochemicals, and rubber chemicals.
• Spot Price remained under pressure throughout the quarter, with limited buying interest from industrial consumers. High inventory levels and steady supply from domestic and regional producers contributed to subdued pricing.
• Prices decreased in September due to reduced demand from agrochemical and dye manufacturers. Despite stable production rates, the lack of downstream momentum and elevated inventories led to softer market sentiment.
• The Production Cost Trend remained relatively stable, supported by consistent methanol feedstock availability and moderate energy tariffs. However, the absence of cost-push inflation limited any upward price movement.
Why did the price of N-Methyl Aniline change in September 2025 in Europe?
• Prices fell due to weak demand from agrochemical and dye sectors.
• High inventories and steady supply limited buying interest.
• Stable production costs offered no support for price increases.
For the Quarter Ending June 2025
North America
• The Price Index for N-Methyl Aniline in North America remained under downward pressure in Q2 2025, mirroring global softness in feedstock methanol prices and sluggish demand.
• In April 2025, the market saw stable supply due to seamless chemical imports and high inventory levels among U.S. distributors, leading to restrained spot market activity and a slight dip in prices.
• May 2025 witnessed further declines, primarily due to subdued off-take from downstream fuel blending and agrochemical sectors. Weakening methanol costs also contributed to the N-Methyl Aniline Production Cost Trend turning negative.
• In June 2025, the N-Methyl Aniline Spot Price corrected downward further as refiners and intermediaries refrained from large-volume restocking, amid signals of slower summer-season demand.
Why did the N-Methyl Aniline price change in July 2025 in North America?
In July, N-Methyl Aniline prices increased modestly, supported by a slight rise in post-holiday fuel demand and tightening inventories. However, the N-Methyl Aniline Price Forecast remains cautious as buyers stay selective amid volatile crude-linked cost structures.
Asia
• The Price Index for N-Methyl Aniline in Asia (led by India and China) saw consistent weakness through Q2 2025, pressured by high inventories, reduced fuel additive demand, and softer feedstock methanol pricing.
• April 2025 recorded a 1.2% price decline in India, despite increasing freight rates, as domestic logistics efficiency and aggressive overseas offers supported oversupply.
• May 2025 saw a sharp 9.2% price drop, driven by low N-Methyl Aniline Demand Outlook across fuel, agrochemical, and dye sectors, coupled with easing methanol feedstock costs, which reduced the N-Methyl Aniline Production Cost Trend.
• In June 2025, prices dipped by 4.7%, as seasonal monsoon-led mobility reductions lowered fuel consumption and hence demand for octane boosters like N-Methyl Aniline.
Why did the N-Methyl Aniline price change in July 2025 in Asia?
Prices increased by 1.2% in July 2025, as the monsoon began to taper, reviving mobility and fuel consumption. Additionally, restocking activities resumed, mildly improving the N-Methyl Aniline Spot Price. However, the N-Methyl Aniline Price Forecast indicates only gradual recovery due to persistent demand-side caution.
Europe
• The Price Index for N-Methyl Aniline in Europe exhibited a mild downward trajectory through Q2 2025, in response to moderate demand and competitive imports from Asian suppliers.
• April 2025 began with a minor price correction, as producers faced rising freight charges but maintained stable domestic output. Inventory levels remained high, limiting restocking incentives.
• In May 2025, the N-Methyl Aniline Spot Price saw further erosion due to slow off-take in fuel blending and coating applications, while imports from cost-competitive Asian exporters increased market competition.
• June 2025 showed limited price support despite steady logistics and sufficient raw material supply, as consumption from the agrochemical and dye intermediates sector stayed weak.
Why did the N-Methyl Aniline price change in July 2025 in Europe?
N-Methyl Aniline prices rose slightly in July 2025 in Europe, as summer fuel consumption picked up and inventories reduced across key distributors. However, the N-Methyl Aniline Demand Outlook remains tentative with macroeconomic uncertainty and cautious downstream restocking.
For the Quarter Ending March 2025
North America
In Q1 2025, N-methyl aniline (NMA) prices in North America followed a moderately upward trajectory, underpinned by rising feedstock costs and stable demand across key end-use sectors. The consistent increase in upstream Methanol and Aniline prices, driven by higher natural gas benchmarks and constrained refinery throughout translated into elevated production costs for NMA producers in the region.
Despite steady domestic availability and relatively smooth logistics, intermittent supply chain delays due to winter weather conditions in January temporarily affected inland transportation, prompting cautious restocking. As a result, manufacturers maintained firm pricing to protect margins. Demand remained robust throughout the quarter, particularly from the petroleum industry, where NMA continues to be utilized as an octane booster. Additional support came from the agrochemical and dye manufacturing segments, which maintained regular offtake to meet seasonal production requirements.
While no extreme price spikes were observed, the cumulative effect of raw material inflation and solid downstream consumption drove a gradual rise in NMA prices over the three months. The North American market closed Q1 2025 with firm pricing, and sentiment for Q2 remains cautiously optimistic amid sustained demand and continued cost-side pressures.
Asia
N-methyl aniline (NMA) prices in the Asian region, particularly India, followed a consistent upward trajectory throughout Q1 2025, registering a cumulative increase of approximately 5% over the quarter. In January, prices rose by 1.5% amid escalating feedstock costs, especially Methanol and Aniline, and broader global supply chain challenges driven by energy price volatility and geopolitical trade tensions. Despite stable inventories, inflationary pressures and procurement delays contributed to price firming. The upward trend continued in February with another 1.5% increase, supported by efficient logistics, steady raw material flow through key Indian ports, and persistent demand from fuel additives, agrochemicals, and dye industries. Growing container activity and improved domestic supply chain efficiency further bolstered price stability and resilience. By March, NMA prices climbed an additional 2%, driven by a tightening supply environment and rising production costs linked to increased Methanol prices and a decline in domestic crude oil output. Strong demand from petroleum blending applications and strategic buying activity amid anticipated cost hikes supported the price surge. Overall, Q1 2025 was marked by steady demand fundamentals, resilient manufacturing activity, and persistent cost-side pressures, collectively contributing to the firm and upward movement in N-Methyl Aniline prices across Asia.
Europe
During Q1 2025, N-methyl aniline (NMA) prices in Europe exhibited a firm to a slightly bullish trend, supported by consistent downstream demand and periodic supply-side disruptions. Across the quarter, prices rose steadily due to elevated production costs, primarily driven by fluctuating feedstock Methanol and Aniline prices. Energy market instability, particularly linked to tightening LNG supply and geopolitical uncertainties in Eastern Europe, added pressure to operational expenses for NMA producers. Although demand from the petroleum sector, especially for use in octane-boosting additives, remained stable, a noticeable uptick in offtake from the agrochemical and dye sectors helped support firm pricing. Restocking activities ahead of the spring agricultural season also reinforced the purchasing momentum during late February and March. On the supply front, European manufacturers faced intermittent delays in raw material procurement due to port congestion and extended lead times from overseas suppliers. While no sharp spikes were recorded, prices gradually increased quarter-on-quarter, reflecting the cumulative impact of cost pressures and resilient demand. Overall, Q1 2025 closed with NMA prices in Europe on a modest upward trend, supported by a stable consumption base and constrained but manageable supply chain dynamics.
For the Quarter Ending December 2024
North America
In Q4 2024, N-methyl aniline (NMA) prices in North America exhibited a steady to marginally declining trend, influenced by weakening demand from the petroleum sector and broader economic challenges. Early in the quarter, robust transportation activity and seasonal fuel consumption spurred moderate demand for NMA, a key additive in gasoline formulations. However, this momentum faded as rising interest rates, and economic uncertainties began to impact downstream sectors. The construction industry, a significant driver of diesel demand, experienced slower growth due to high borrowing costs and reduced project investments, indirectly dampening NMA demand. Similarly, the automotive sector faced weaker gasoline consumption, driven by lower consumer spending, which further reduced the need for NMA in fuel blends.
On the supply side, regional production remained stable, with sufficient inventory levels mitigating price volatility despite steady crude oil prices. Refinery operations were aligned with the subdued market demand, preventing an oversupply scenario.
By December, holiday-related slowdowns and cautious inventory management by buyers further tempered NMA demand. Overall, Q4 2024 highlighted a subdued market for NMA in North America, with economic headwinds and declining sectoral activity outweighing early-quarter gains.
Asia
In Q4 2024, N-methyl aniline (NMA) prices in India displayed a marginally increasing trend, shaped by fluctuations in demand dynamics and stable supply conditions. October began with an 8% price increase, driven by strong petrol consumption during the festive season and heightened transportation activity. Stable production and rising container traffic at Jawaharlal Nehru Port (JNPA) supported the supply chain, while logistical constraints on India-Asia routes slightly tightened market capacity. In November, demand remained robust due to continued festive-driven fuel consumption, bolstered by increased petrol and diesel sales. However, logistical challenges, including rising freight costs and threats of a nationwide port strike, added pressure to the supply chain. Manufacturers mitigated disruptions through inventory management, maintaining stable production levels despite slower exports from China. By December, NMA prices dropped, reflecting subdued demand from the petroleum sector as fuel sales normalized post-festive season. While upstream methanol costs rose, intra-Asia trade slowed, and cautious purchasing behavior from downstream sectors capped price growth. Overall, Q4 2024 presented a mixed market scenario for NMA in APAC, with early-quarter strength giving way to demand moderation and logistical constraints, resulting in a marginally bullish quarterly trend.
Europe
In Q4 2024, N-methyl aniline (NMA) prices in Europe followed a generally stable trend, influenced by both supply-side factors and demand fluctuations. Early in the quarter, NMA prices saw some pressure due to subdued demand from key downstream sectors, including automotive and construction. This was in line with broader economic concerns and high energy costs, which weighed on overall market sentiment. The demand for NMA, primarily driven by its use in gasoline formulations and the construction sector, struggled amid economic slowdowns. The construction industry faced a slowdown in project investments, while the automotive sector experienced a dip in consumer spending, limiting gasoline consumption and, consequently, NMA demand. Despite these challenges, supply-side factors helped stabilize the market. Adequate production levels and stable imports helped maintain a balanced market throughout the quarter. In December, demand softened further due to holiday-related slowdowns and cautious inventory management by downstream buyers. While crude oil prices remained relatively stable, high energy costs in Europe continued to weigh on logistical costs and contributed to cautious procurement strategies. Overall, Q4 2024 saw NMA prices in Europe remain relatively steady, with the weak demand offset by supply-side adjustments and regional stability in the broader chemicals market.
