Monoethanolamine Price Trend Analysis: Q4 2024
In Q4 2024, the MEA market continued to see declines across most regions. China saw a 1.8% drop, with prices falling to $1244/MT due to subdued domestic demand and an overall economic slowdown. Germany faced a significant 8.8% decrease, with prices at $1334/MT, driven by weakening industrial activity and reduced demand.
Malaysia saw a 9.2% drop to $1105/MT, while Saudi Arabia experienced an 8.3% decrease to $1170/MT, influenced by slower global demand and tightening margins. Thailand recorded a sharp 9.9% decline, with prices at $1098/MT, and the UAE saw an 8.3% drop to $1246/MT, reflecting the same regional challenges. The Q4 2024 market continued to be pressured by reduced consumption, high raw material costs, and logistical issues.Â
Monoethanolamine Price Trend Analysis: Q3 2024
In Q3 2024, prices across the MEA market showed a general decline. China experienced a 1.6% drop, with prices at $1266/MT, driven by weaker demand and slower export activity. Prices in Germany dropped by 5.7% to $1,463 per metric ton, mainly as a result of subdued activity in the industrial sector.
Saudi Arabia and Thailand saw declines of 5.4% and 2.8%, respectively, with prices at $1276/MT and $1220/MT, driven by lower consumption in local industries. The UAE also recorded a 3.3% decline, with prices falling to $1359/MT, impacted by regional economic challenges and reduced demand. Despite some stability in Malaysia (0.7%) and India (CIF China) (0.1%), the overall trend in Q3 2024 reflected weaker demand and ongoing logistical disruptions.Â
Monoethanolamine Price Trend Analysis: Q2 2024
In Q2 2024, the international MEA market saw a mixed trend, with some regions experiencing price increases. China’s prices rose by 6.0%, reaching $1287/MT, fueled by strong demand in chemicals and textiles. Germany saw a solid increase of 8.9%, with prices at $1550/MT, driven by stronger industrial activity.
Saudi Arabia and Malaysia also recorded price increases of 4.3% and 2.0%, respectively, with prices at $1349/MT and $1208/MT, supported by steady demand. Thailand saw a minor dip of 0.6%, with prices at $1255/MT. The UAE saw a 4.5% rise, with prices reaching $1406/MT, buoyed by demand from construction and chemicals. Overall, the Q2 2024 market showed a moderate rise due to regional demand recovery.Â
Monoethanolamine Price Trend Analysis: Q1 2024
In Q1 2024, China saw a strong increase of 10.2%, with prices at $1213/MT, driven by robust demand in chemicals and solvents. In contrast, Germany experienced a sharp 16.5% decline, with prices falling to $1423/MT due to weak European demand. Malaysia saw a slight decline of 6.8%, with prices at $1185/MT, influenced by reduced export activities.
In Saudi Arabia, prices rose by 3.4% to $1,294 per metric ton, driven by consistent domestic demand. Thailand saw a minor dip of 0.3%, with prices at $1262/MT, while the UAE saw a 5.8% increase, with prices at $1345/MT, driven by demand from construction and oil industries. These fluctuations were impacted by regional demand and feedstock cost variations.Â