North America
In USA, the price of Dimethylamine witnessed an incline trend in US market due to price healthy market trend among the suppliers. The incline in the price is attributed to the favourable fluctuation in the price of Methanol and Ammonia have not made an sharp uptick on either side. The market generated a huge demand of Dimethylamine from US market due to which exports surged in the respective month.
The increase in the freight charges at the respective routes, the tension between middle east and the Panama Canal low level issue also contributed to surge in price in the US market. The manufacturing PMI data during this month also witnessing a notable increase due to restructuring of the US economy from past few quarters. The Dimethylamine supply is on a downward trend, primarily due to the high prices set by the USA, which diverge from the overall fluctuations in feedstock markets and industrial demands in the Pharma, Textile, Detergent, Dyes and Pigments and other miscellaneous sectors.
Traders continue bidding, reflecting a consistent market trend. This outlook signals a positive sentiment and potential growth for Triethylamine demand. As of this quarter the price of the Dimethyl Amine prices in USA concluded at 3220 USD/MT DOTP – Del USGC marking an incline of 2.54%.
APAC
As of 4th Quarter 2024, Dimethyl Amine market in APAC majorly China has experienced a decline in prices. This can be attributed, in part, to the cost support provided by favorable feedstock market conditions, including the prices of Ammonia and Methanol in the domestic market has not made any sharp momentum throughout the month. Key players in the amines industry are making significant capital expenditures (CAPEX) to expand their operations, aiming to reduce import dependency on China. Lower Purchasing Managers' Index (PMI) data for this month indicates a decrease in industrial production within the domestic market. This multifaceted analysis provides insights into the several factors influencing the Dimethyl Amine market in China. The bearishness is attributed to the sufficient availability of inventories in major industries, leading to muted fresh biddings from suppliers for accumulations. At the end of this quarter the price of Dimethylamine concluded at 821 USD/MT FOB - Dalian marking a decline of 3.41%.
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Europe
In the current quarter, Germany has witnessed a surge in the price of Dimethyl Amine. The economic landscape remains uncertain, influenced by both the existing interest rate policy and escalating geopolitical risks. Notably, major industries in Germany grapple with challenges arising from the upward trajectory of raw material prices, impacting both demand and profit margins.
The uptrend in the manufacturing Purchasing Managers' Index (PMI) indicates a growth spurt in industrial activities and an increased demand from end-users this month. In terms of the downstream market, Dimethyl Amine commands significant demand in Germany, particularly in vital sectors such as surfactants, fertilizers, pharmaceuticals, and various miscellaneous industries.
The apparent cessation of Chinese inventory dumping, coupled with an uptick in domestic chemical production, has resulted in heightened demand from domestic manufacturers and downstream markets, indicating a favorable trend for production growth. As of the current quarter, the price of Dimethyl Amine in Europe particularly Germany concluded at 3450 USD/MT FOB-Hamburg, representing a notable 6.15% increase.
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