Ethylenediamine Price Trend and Forecast
North America
The Ethylenediamine Prices decreased in the fourth quarter of 2022 as a result of the declining feedstock of ammonia in the US market. In the fourth quarter, the global market remained stagnant, and the product was stockpiled due to declining orders from the overseas and US domestic markets. The low demand from the downstream automotive, paints, and other key driving sectors also contributed to the negative price trend. Consumer spending and purchases decreased as a result of high-interest rates and inflation. The approaching holiday in the final month of Q4 further reduced buyer demand and orders in the USA market.
APAC
Due to weak cost pressure from
feedstock Ammonia
Price from the Asian market, the price of Ethylenediamine decreased
throughout the fourth quarter of 2022. Further, the demand from the downstream
paints, adhesives, and other sectors saw a decline during Q4. The government
imposed the zero COVID restriction in China during Q4, which affected the
trading activities in the domestic and overseas markets, and products got
stockpiled in the market. At the same time, India also followed the same price
trend because traders on the Indian domestic market had a lot of stockpiled
products from exporting nations like Saudi Arabia and Japan.
Europe
During the fourth quarter of
2022, the price trend of Ethylenediamine decreased as a result of negative
market sentiment. The weak-cost pressure from feedstock Ammonia also
contributed to the negative price of the Ethylenediamine market. End-use
industries saw little demand as a result of high inflation and a declining
buying trend in the European market. Due to the ample gas storage in major EU
nations, the availability of natural gas on the market increased, lowering
production costs. Several businesses slowed down their production rates due to
low demand from end-use industries, but the product was readily available.
Producers offered to destock their products at a low price at the end of the quarter
as the holidays got closer.
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