Triethanolamine Prices: During the Quarter Ending December 2023
North America
In Q4 of 2023, the Triethanolamine market in North America saw a steady rise in prices, driven by moderate growth fueled by demand from the construction, automotive, and personal care sectors. Despite a bullish market overall, supply remained moderate while high raw material costs affected production expenses. Prices in the USA increased notably due to LyondellBasell's sale of their Ethylene oxide and Derivatives, including the Bayport facility, to INEOS Oxide for 700 million dollars. However, the downstream construction sector's confidence remained low, affecting product demand. Additionally, limited inventory availability led to stagnant prices in the USA market. Manufacturers and traders faced pressure on profitability amid destocking and seasonal slowdowns. Moreover, the Mississippi River witnessed declining water levels for the second consecutive year. Triethanolamine CFR New York in the USA closed at USD 1052/MT, reflecting moderate growth influenced by diverse industry demands and raw material costs.
Get Real Time Prices of Triethanolamine: https://www.chemanalyst.com/Pricing-data/triethanolamine-1208
Asia
Triethanolamine prices in the APAC region were low in Q4 2023 due to weak regional demand and ample stock availability. The market experienced a bearish trend with high supply levels and moderate inquiries. Declines in prices were observed in countries like India, China, and Malaysia amidst destocking sentiments. Maintenance turnaround at Petronas Chemicals' plant in Malaysia further impacted supply. Conversely, prices surged in South Korea driven by costly imports from Saudi Arabia and robust trading activities. The depreciation of the Korean Won exacerbated the situation, adding inflationary pressure. Triethanolamine CFR Busan closed at USD 1135/MT, reflecting varied trends across the region.
Europe
The Triethanolamine market in Europe faced challenges in Q4 2023 due to supply shortages from plant shutdowns and maintenance turnarounds, notably at BASF's facilities in Germany and Belgium. Rising raw material costs led to price increases, with Belgium seeing a spike. Increased import costs prompted inventory adjustments, preventing buildup. The European Ethanolamine market saw an upswing due to supply disruptions, particularly following BASF's extended Force Majeure in Germany, influencing inventory in the German market.
Middle East Asia
In the MEA region, the Triethanolamine market in Q4 2023 saw increased demand from the construction sector, driving prices up despite rising input costs. Limited supply and high demand led to price surges, notably in Saudi Arabia. Market uncertainty impacted new orders, and foreign sales contracted. However, low feedstock prices contributed to a decline in product prices by December 2023. Input cost inflation slowed for the first time in three months. Triethanolamine prices in Saudi Arabia closed at USD 1049/MT FOB Al Jubail.
Get Real Time Prices of Triethanolamine: https://www.chemanalyst.com/Pricing-data/triethanolamine-1208
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