In mid of December, the Methyl Amine market in Asia experienced a price drop. This decline in the Methyl Amine price was influenced by supplier efforts to address abundant inventories amid mixed feedstock trends, with ammonia prices softening while methanol saw a slight increase. Although downstream sector demand remained positive, it was not enough to counterbalance oversupply and subdued purchasing activity, leading to downward price pressure. Suppliers implemented competitive pricing strategies to reduce excess stock, reinforcing the downward trend in Methyl Amine prices across the region.

In mid-December, Methyl Amine prices in the Chinese market witnessed a significant decline. This downward movement in the Methyl Amine price was primarily driven by supplier actions aimed at managing ample inventories amidst fluctuating feedstock conditions, where ammonia prices recorded a decrease, and methanol observed a marginal increase. Despite positive demand signals from downstream sectors, they were insufficient to counterbalance the prevailing oversupply and limited purchasing activity, which placed significant downward pressure on market prices. In response, suppliers adopted competitive pricing strategies to accelerate inventory clearance, further intensifying the declining trend in Methyl Amine prices across the region. These combined factors contributed to a consistent weakening of market sentiment, reflecting the broader challenges faced by suppliers in maintaining price stability under current market dynamics.

As of mid-December, Methyl Amine prices in the Indian market witnessed a decline. This decline in the Methyl Amine price is primarily driven by a marginal decrease in ammonia costs, despite a slight uptick in methanol prices. Demand from the agrochemical sector remained lackluster, contributing to persistent downward pressure. Balaji Amines reported a 9.9% drop in sales volumes for Q2FY25, with revenue reaching Rs. 347 Cr and production volumes declining from 28,071 MT in Q1FY25 to 26,348 MT in Q2FY25. Furthermore, the commissioning of Balaji Amines' new Methyl Amine plant in November, expected to achieve full utilization by FY27E, is anticipated to reshape supply dynamics. These combined factors, including subdued demand, lower sales performance, and favorable feedstock trends, continue to exert downward pressure on Methyl Amine prices in India.

As per ChemAnalyst's anticipation, Methyl Amine prices are expected to demonstrate bearish trends in the forthcoming sessions. This anticipated decline in the Methyl Amine price is likely to be influenced by a reduction in feedstock costs, particularly ammonia, coupled with weaker supplier actions in managing inventories. The combination of lower input costs and insufficient adjustments to inventory levels is projected to put additional downward pressure on Methyl Amine prices, reflecting a challenging market environment ahead.