For the Quarter Ending September 2024
North America
In Q3 2024, the Diethylenetriamine (DETA) market in North America exhibited a stable pricing environment, reflecting a complex interplay of supply and demand dynamics. The quarter was marked by moderate to high supply levels, driven by average industrial operating rates and adequate inventory across the region.
Despite this, demand remained low to moderate, primarily due to sluggish downstream industries such as polyamide resins and oil and gas sectors. The Manufacturing Purchasing Managers' Index indicated an overall contraction in manufacturing activities, further contributing to tepid demand for DETA. In the USA, significant price changes were observed, influenced by several critical factors. The market faced weak cost support from stagnant feedstock prices, particularly Ethylene Dichloride and Ammonia, which remained stable throughout the quarter.
Additionally, logistical challenges, including shipping disruptions and potential strikes at key ports, loomed over the market, yet no plant shutdowns were reported during this period. The DETA market experienced a -1% change from the previous quarter, attributed to stable demand and supply dynamics, with no notable price fluctuation between the first and second half of the quarter. The quarter concluded with a price of USD 3550/MT for DETA FOB Houston in the USA, highlighting a stable sentiment overall, as the market navigated through challenges without significant volatility.
APAC
The third quarter of 2024 has been challenging for Diethylenetriamine (DETA) pricing in the APAC region, marked by a significant decrease in market prices. This decline was primarily influenced by weak demand from downstream industries, lower feedstock prices of Ethylene Dichloride and Ammonia, and oversupply in the market. The overall trend in Q3 indicated a bearish sentiment, with Japan experiencing the most substantial price changes. The market in Japan saw a 6% decrease from the previous quarter, reflecting a negative pricing environment. Seasonal factors and correlation in price changes accentuated the downward trajectory, with a notable -4% difference between the first and second half of the quarter. Despite disruptions and plant shutdowns impacting supply chains, the quarter-ending price for DETA in Japan stood at USD 3550/MT FOB Osaka, underscoring the prevailing negative pricing conditions in the region.
Europe
In Q3 2024, the Diethylenetriamine (DETA) market in Europe experienced a significant decline in prices, with the Netherlands witnessing the most substantial changes. The overall trend of decreasing prices was influenced by various factors, including a surplus in supply relative to demand, reduced demand from key downstream sectors such as pharmaceuticals and agrochemicals, and lower feedstock prices for EDC and Ammonia. Disruptions in production and logistical challenges, along with maintenance shutdowns at key plants, further exacerbated the supply constraints. The correlation in price changes indicated a negative sentiment, with a notable 8% decrease from the previous quarter. Additionally, a price comparison between the first and second half of the quarter showed a significant decline of 6%. The quarter-ending price for Diethylenetriamine FD Amsterdam in the Netherlands stood at USD 4180/MT, reflecting the overall decreasing pricing environment in the region.
MEA
In Q3 2024, the Diethylenetriamine (DETA) market in the MEA region experienced a period of declining prices, with Saudi Arabia witnessing the most significant changes. The decrease in prices was influenced by weak downstream demand, particularly from the Polyamide Resins industry, along with stagnant Ethylene Dichloride (EDC) prices and a drop in feedstock Ammonia prices. These factors created a bearish market sentiment, with supply levels ranging from moderate to high and demand categorized as low to moderate. The overall trend was indicative of a challenging quarter for DETA, with no reported plant shutdowns contributing to supply stability. The 4% decrease from the previous quarter highlighted the downward trajectory of prices, with a notable -10% difference between the first and second half of the quarter. The quarter-ending price of USD 3480/MT FOB Al-Jubail in Saudi Arabia reflected the culmination of these market dynamics, underscoring a consistently negative pricing environment throughout Q3 2024.
For the Quarter Ending June 2024
North America
In Q2 2024, the North American DETA market experienced notable dynamics. The availability of key feedstocks—Ethylene Dichloride (EDC) and Ammonia—declined. These feedstocks are crucial for DETA production, leading to challenges for manufacturers. Consequently, DETA production decreased due to raw material scarcity. Downstream industries, such as Epoxy resin and Fuel additives, rely heavily on DETA.
However, subdued demand from these sectors dampened overall DETA offtakes. Manufacturers faced pressure as inventories grew while demand remained limited.
Trading patterns shifted within North America. Reduced trades were observed from the USA to neighbouring countries like Mexico and Brazil. Oversupply of DETA in these regions contributed to weakened trading activities.
Overall, the North American DETA market faced supply constraints, demand challenges, and altered trading dynamics during Q2 2024. These factors influenced market sentiments and contributed to a decline in DETA prices in the region.
APAC
In Q2 2024, the Diethylenetriamine (DETA) market in the APAC region experienced a significant upswing in prices, influenced primarily by robust demand, constrained supply, and rising feedstock costs. Increased consumption across various sectors, particularly from the epoxy resin, fuel additive, and personal care industries, drove up prices. The market also faced supply-side challenges due to plant shutdowns and logistical disruptions. These factors collectively created a scarcity of DETA, exacerbating the upward pressure on prices. Focusing on Japan, which witnessed the most pronounced price changes, the DETA market reflected a marked increase in pricing driven by several critical elements. Seasonal factors, including heightened demand during the peak periods for downstream industries, played a substantial role. Additionally, the market was influenced by the global economic climate and higher freight costs, particularly impacting imports from Northeast Asia to regions like Malaysia and Indonesia. The price of DETA in Japan saw a 2% increase from the previous quarter, with a notable 10% difference between the first and second half of the quarter, highlighting the intensifying demand and reduced availability as the quarter progressed. Overall, the pricing environment for DETA in Q2 2024 has been decidedly positive, characterized by strong market fundamentals and rising input costs. This culminated in a quarter-ending price of USD 3550/MT of Diethylene Triamine FOB Osaka, underscoring the bullish sentiment prevailing in the market. The increasing trend is indicative of sustained demand pressures and constrained supply dynamics, painting a picture of a market environment that remains favourable for producers.
Europe
In Q2 2024, the Diethylenetriamine (DETA) market in Europe experienced a notable upward trajectory in prices, driven by a confluence of significant factors. The primary catalysts were increased purchasing interest from the downstream fuel additive and personal care industries, combined with limited supply. A supply crunch, exacerbated by the lingering impacts of the Red Sea crisis and adverse weather conditions disrupting agricultural activities, further strained the market. Concurrently, heightened trading activity and speculative buying, in anticipation of further price hikes, reinforced bullish market sentiments. Additionally, a reduction in feedstock costs from Ethylene Dichloride (EDC) and Ammonia, coupled with declining energy prices, contributed to elevated profit margins for major petrochemical enterprises, amplifying the cost-push effect on DETA prices. Focusing on Germany, where the most substantial price changes were observed, the quarter exhibited strong trading fundamentals. Seasonal demand fluctuations, particularly in the personal care sector, aligned with a surge in export activities, underscored the robust market environment. The price trends demonstrated a consistent increase, with a 12% rise from the previous quarter and a comparable percentage growth between the first and second halves of the quarter. This trend reflects a resilient market, adapting to changing economic conditions with a positive pricing environment. The quarter signalled a favourable market outlook amidst ongoing global supply chain disruptions and healthy demand.
MEA
During Q2 2024, the Diethylenetriamine (DETA) market in the MEA region has experienced a significant price increase, driven by several critical factors. The surge in premium cargo exports to Asia, coupled with adverse weather conditions, caused delays in arrivals and supply constraints, leading to elevated prices. Energy surcharges and increasing crude oil prices exerted further upward pressure, while low inventory levels in the market intensified the pricing dynamics. Although no plant shutdowns were reported, the resumption of trading activities by a prominent manufacturer significantly influenced market movement. In Saudi Arabia, where the most pronounced price changes were observed, DETA prices witnessed an upward trend due to high demand from downstream markets, particularly in the personal care and fuel additive sectors. The market also benefited from robust business activity and new orders, contributing to a bullish sentiment. Seasonality played a role, with increased production costs and a strategic focus on maintaining high production rates to meet demand. Comparing the first and second halves of the quarter, there was an 8% price increase, reflecting the consistent upward momentum. Additionally, from the previous quarter in 2024, prices recorded a 5% rise, underscoring the positive pricing environment. By the end of the quarter, the price of Diethylenetriamine highlighted a sustained trend of rising prices due to constrained supply and high demand fundamentals.
For the Quarter Ending March 2024
North America
In Q1 2024, the North American market for Diethylenetriamine (DETA) experienced a notable decline, largely influenced by several factors contributing to weakened market sentiments. Primarily, the downward trend was propelled by a decrease in the availability of key feedstocks, namely Ethylene Dichloride (EDC) and Ammonia, which are essential components in the production of DETA. This scarcity of raw materials posed challenges for manufacturers, consequently impacting the supply chain and leading to a reduction in DETA production. Compounding the situation, subdued demand from downstream industries such as Epoxy resin and Fuel additives further exacerbated the market downturn. These industries, which heavily rely on DETA as a key ingredient, experienced a slowdown in market offtakes, dampening the overall demand for the product. Consequently, manufacturers faced heightened pressure as inventories swelled amidst limited demand, creating a surplus of DETA in the market. Moreover, trading dynamics within the North American region saw a significant shift, with reduced trades observed from the USA to neighboring countries like Mexico and Brazil. Oversupplies of DETA in these regions contributed to a decrease in trading activities, reflecting the broader trend of weakened market conditions.
APAC
The Diethylenetriamine (DETA) market in the APAC region during Q1 2024 has been characterized by various factors that have influenced market prices. Overall, the market has experienced a bullish trend, with prices showing an upward trajectory except for Japan. In Japan, the market has seen the maximum price changes, driven by factors such as sluggish trading fundamentals, ample supply, and sluggish demand from the downstream industries. The bearish sentiment in Japan has been supported by limited trades to Southeast Asia and unfavorable conditions for fresh stock offers. Additionally, the market has been influenced by the downtrend in feedstock prices, particularly Ethylene Dichloride, which has led to lower production costs. It is important to note that Q1 is typically a procurement season for DETA in India, leading to a decline in prices. Nevertheless, the market in India has witnessed a surge in demand from the downstream epoxy resin and coating industries. However, supply constraints and rising raw material costs have contributed to the bullish price trend. Overall, the price changes in Q1 2024 indicate a positive pricing environment, with prices showing an upward trend.
Europe
The Diethylenetriamine (DETA) market in Europe during Q1 2024 has experienced a bullish trend that influenced market prices. Overall, the market sentiment has been bullish, with prices showing a upward trend. This can be attributed to rise in demand and limited inventory in the region, leading to higher trading activities and strong market off-takes. In terms of supply, there has been a limited DETA in the market, resulting in low inventory levels among storage units. This has led to restriction on discounts on bulk purchases from suppliers and a brisk market trading fundamental. Additionally, the market has been affected by excessive trades within the region, further contributing to the high demand outlook. The demand for DETA from downstream industries such as epoxy resin and textiles has remained elevated. The incline in demand from the global marketplace has also impacted trading activities and resulted in a recovering sales and revenue for the industry. This has further added to the negative pricing environment. Looking specifically at Belgium, which has seen the maximum price changes, the market situation has been bullish. The supply of DETA remains low, and trading activities have been affected by higher trades within the region. The demand from the downstream industries in Belgium has also remained elevated, contributing to the upward price trend. In Q1 2024, the price for Diethylene Triamine FOB Antwerp in Belgium stands at USD 3600/MT during March 2024.
MEA
The Diethylenetriamine (DETA) market in the MEA region during Q1 2024 has experienced a mixed pricing environment. Overall, the market has been influenced by various factors, leading to fluctuating prices. In Saudi Arabia, which has seen the maximum price changes, the market has been characterized by both upward and downward trends.In terms of overall trends, the market has been relatively stable, with prices experiencing slight fluctuations. However, there has been a noticeable increase in demand for DETA in the region, driven by downstream industries such as coating and textile processing. The price changes in Saudi Arabia can be attributed to several factors. Firstly, the rise in tension in the Red Sea has led to elevated freight charges and shipment delays, which have supported the price trend. Additionally, the upstream market for Ethylene Dioxide has experienced an increase in prices, leading to higher production costs for DETA. In terms of seasonality, there has been a correlation between the rise in demand and the increase in prices. This can be seen in the elevated demand during this quarter, which has led to an upward price adjustment. Comparing the first and second half of the quarter, there has been a slight increase in prices. This can be attributed to the steady demand and limited supply of DETA in the market. Overall, the pricing environment for DETA in Q1 2024 in the MEA region has been positive, with a slight upward trend in prices. In March 2024, the price for DETA in Saudi Arabia was USD 3420/MT FOB Al-Jubail.
For the Quarter Ending December 2023
North America
When compared with the previous quarter, the price of Diethylenetriamine (DETA) in the North American market witnessed an uptick in the market purchases, resulting in higher price trajectory. In the North American market, the DETA market showcases an upper price trend along with an uptick in the trading fundamentals.
The improvement in the downstream market along with market participants in the trading activities further boosts the price trend. Supply/demand imbalance in the German market continued to fuel selling interest among the suppliers with the revision in the price trend. When compared with Q3 2023, the demand for DETA from the downstream Silicone Rubber market remains moderate and suppliers revised their offers as per the buyer's need.
The bidding price of DETA elevated in the North American region due to insufficient product availability. Shipments from the region to the overseas market traded higher with firmer bids and strong market fundamentals. As a result of limited stocks, suppliers willingly elevated the prices due to the high volume of transactions in the regional market.
Asia Pacific
In Q4 2023, a steady improvement in purchasing appetite and a jump in demand from distributors, trade among suppliers remains elevated in the Asia Pacific region. However, queries from China to India remained, but purchasers paid larger prices. DETA producers were able to put their higher bids and optimistic market trade flows into action. DETA kept its place as the more active commodity in the Asia Pacific market due to rise in its consumption from Polymer production and textile industry along with the uptick in completed volumes during the month. The vast majority of DETA dealers elevated their price trend this quarter with recovering profit margins and sales. Fresh stock markets remain healthy, and with the healthy purchasing activities, producers started to position tightness. In India the price of DETA was USD 4241/ton CFR JNPT during Dec 2023. In India, the DETA market has experienced a significant uptick in prices and significant producers have announced the spot prices to increase by significant margin. This hike reflects the low operating rates and a depletion of regional DETA inventory. As a result, the market's DETA supply remains tight despite challenging circumstances.
Europe
When compared with the previous quarter, the price trend of DETA in Germany witnessed an upward price trajectory along with increase in rapid consumption of product inventories. DETA prices gained a stance as a result of tepid demand and the continuous utilization of existing inventories by downstream ventures. The market offered was raised due to the overall strong regional demand for European cargoes and the increasing bidding for new stocks. However, there was no additional room for price increments as the market took a downward purchasing trend towards the end of Nov 2023. Nevertheless, in Dec DETA demand from German’s manufacturing units sector shrinks and production unit started operating their plant cautiously as per the downstream requirement. The trough coincides with overcapacity in many petrochemical value chains. This has exposed Europe's lack of competitiveness, most notably in the DETA market, and prompted several companies to cut their production rate to avoid further stockpiles. In Germany, the price of DETA declined to USD 3500/ton FD Hamburg during Dec 2023.
MEA
The Diethylenetriamine (DETA) market in the Middle East and Africa region during the fourth quarter of 2023 witnessed a bearish market situation with high supply and low demand. The declining consumer spending and slump in demand from downstream sectors led to a weak pricing trend. The major DETA suppliers in Saudi Arabia experienced a decline in bids due to the decreasing demand for new supplies and the usage of depleting inventories. Saudi Arabia, being the key player in the market, saw a decline in DETA prices by 7.54% (USD -270/MT). The weak spot trading activity and poor trade fundamentals in the region contributed to this price trend. Additionally, the ongoing conflict between Israel and Hamas further hindered market transactions, and the lack of support from downstream businesses added to the overall weakness in pricing. The price of Diethylene Triamine FOB Al-Jubail in Saudi Arabia for the current quarter is USD 3350/MT. This marks a decrease of 7.54% compared to the previous quarter. The price trend in Saudi Arabia showed a bearish trend throughout the quarter, with a decrease of 6% in the second half compared to the first half. Overall, the DETA market in the MEA region during Q4 2023 faced challenges due to low demand and high supply. The weak market sentiments and limited product availability contributed to the decline in prices in Saudi Arabia.
