Ethylenediamine Prices, Demand, Historical and Forecast Data

 

Ethylenediamine Price in India

• India: 145510 INR/MT

In December 2023, the price of ethylenediamine in India hit 145510 INR/MT for Q4. The Indian market saw a decline in prices driven by lower import costs from neighboring Asian countries.

The latest report by IMARC Group, titled "Ethylenediamine Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of ethylenediamine prices. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.

Ethylenediamine Prices December 2023:

• India: 145510 INR/MT

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The study delves into the factors affecting ethylenediamine price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.

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Ethylenediamine Price Trend- Q4 2023

Ethylenediamine (EDA), a versatile organic compound with two amine groups, is witnessing increased demand across various sectors, primarily due to its role as a key building block in the production of a wide range of chemicals and materials. Its application in the manufacture of pharmaceuticals, agrochemicals, and industrial chemicals underpins the compound's significant contribution to market growth. The shift towards more efficient and environmentally friendly chemical processes is further elevating the importance of ethylenediamine, as it plays a crucial role in the synthesis of chelating agents, which are essential in water treatment and metal extraction processes. The global market for ethylenediamine is experiencing robust growth, driven by its critical applications in the production of polyamide resins, epoxy curing agents, and other industrial products that require high performance and reliability. The demand for ethylenediamine in the pharmaceutical sector, especially in the synthesis of drugs and active pharmaceutical ingredients (APIs), is a testament to its versatility and efficacy, contributing significantly to market dynamics.

Additionally, the agricultural industry's need for high-quality pesticides and fungicides, where ethylenediamine serves as a key intermediate, is propelling market expansion. Technological advancements in the synthesis and application of ethylenediamine are making it an increasingly attractive option for industries seeking to enhance efficiency and sustainability. The growing trend towards specialized and high-performance chemicals is further stimulating the market growth of ethylenediamine. Its ability to meet the stringent requirements of various industrial applications, combined with ongoing research into novel uses and improved production methods, ensures the continued relevance and expansion of the ethylenediamine market worldwide.

Ethylenediamine Industry Analysis

In the final quarter of 2023, the global Ethylenediamine (EDA) industry experienced diverse pressures across regions, primarily shaped by the dynamics of supply and demand, geopolitical disruptions, and economic factors influencing production costs and market sentiments. In North America, particularly the United States, the EDA market showcased a notable downtrend, heavily influenced by the weak downstream industry demand. The spot export prices for Ethylene Dichloride (EDC), a significant feedstock for EDA, saw a marked decrease, highlighting the challenges faced by the US chemical industry in maintaining price stability amidst fluctuating demand. The situation was further exacerbated by logistical challenges, notably the disruptions in the Panama Canal, which affected shipping and, consequently, the regional market operations for EDA. This bottleneck contributed to an accumulation of stockpiles and a general destocking attitude among market participants, leading to a decline in EDA prices. The concerted effect of these factors, coupled with US purchasers' negotiations for contract price reductions in response to the abrupt decline in export prices, underscored the quarter's bearish sentiment in the EDA market.

Conversely, the APAC region, with a focus on India, faced its unique set of challenges, leading to a bearish market situation for Ethylenediamine. The region saw a moderate to high supply of EDA, juxtaposed against moderate demand, except in specific sectors like the tractors segment, which experienced a decline. Indian market dynamics were particularly affected by competitive pressures from Chinese producers, who engaged in dumping practices and sold off stocks at significant losses, forcing Indian manufacturers to sell inventories at notable discounts. This not only impacted profit margins but also led to operations running at diminished capacities. The APAC region's bearish sentiment was further influenced by higher inventory levels, reduced import costs, and intense competition, contributing to the overall price decrease in Ethylenediamine. Meanwhile, in Europe, the market witnessed a rebound in EDA prices, primarily driven by increased freight costs, rising crude oil prices, and supply shortages.

Ethylene producers' response to market unpredictability, including plant shutdowns, and cautious production rate adjustments by EDA players, reflected a strategic approach to navigating the challenges posed by strengthening regional demand fundamentals and supply decreases. These regional narratives illustrate the complexity of the EDA market's response to a confluence of supply chain disruptions, economic policies, and sector-specific demand fluctuations, collectively shaping the pricing and market dynamics of Ethylenediamine in the concluding quarter of 2023.

Regional Price Analysis:

• Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
• Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece
• North America: United States and Canada
• Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
• Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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