Ethylenediamine Price in India
- India: 145510 INR/MT
In December 2023, the price of ethylenediamine in India hit 145510 INR/MT for Q4.
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.
Report Offering:
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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.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/ethylenediamine-pricing-report/requestsample
Ethylenediamine Price Trend- Last Quarter
Ethylenediamine (EDA) is a colorless, hygroscopic liquid with a strong ammonia-like odor, commonly used as an intermediate in the production of various chemicals. It is widely employed in the manufacturing of adhesives, resins, textiles, agrochemicals, and pharmaceuticals due to its excellent binding and cross-linking properties. EDA is also a critical component in the formulation of chelating agents, which are used in various industrial processes. The global ethylenediamine market is driven by growing demand across multiple industries, including pharmaceuticals, agriculture, and chemical manufacturing.
Increasing use of EDA in the production of agrochemicals, particularly fungicides and pesticides, is a significant driver due to rising food demand and agricultural productivity needs. In the pharmaceutical industry, its application in drug formulations further boosts market growth. Additionally, the expanding adhesive and resin sectors contribute to the rising consumption of EDA. Trends such as increasing focus on sustainable and bio-based chemicals are influencing manufacturers to explore eco-friendly production methods, while technological advancements in EDA applications are expected to further enhance market demand.
Ethylenediamine Industry Analysis
The US ethylenediamine (EDA) market experienced a notable decline in Q4 2023, mirroring trends in the global market. Despite being a major producer and exporter, weak downstream demand and an oversupply of EDA led to falling prices. Export prices dropped significantly, prompting US buyers to negotiate contract price reductions. Additionally, logistical challenges caused by Panama Canal disruptions further impacted regional market operations. Abundant inventories and reduced consumer demand also contributed to the downtrend throughout the quarter.
The ethylenediamine (EDA) market in the APAC region was impacted by moderate demand and ample supply during Q4 2023. Indian EDA prices fell due to competition from Chinese producers, who engaged in aggressive pricing practices, leading Indian manufacturers to sell at discounts, reducing profitability. Lower demand across multiple industries exacerbated the situation. Although supply remained stable, reduced demand, particularly in the tractor segment, led to a bearish market outlook, affecting inventory management and sales performance in the region.
In Q4 2023, the ethylenediamine (EDA) market in Europe rebounded due to rising freight costs and supply constraints amid increasing crude oil prices. Despite a steady demand from downstream industries, supply shortages and plant shutdowns by ethylene producers caused EDA prices to rise. Inflation rates in the Eurozone also declined during this period, but uncertainty in production rates led market participants to take a cautious approach, limiting output while regional demand fundamentals strengthened, further tightening supply.
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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