N-Methyl Aniline Prices In China
- China: 2,448 USD/MT
The price of n-methyl aniline in China for Q4 2023 reached 2,448 USD/MT in December.
The latest report by IMARC Group, titled "N-Methyl Aniline Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of the N-Methyl Aniline Prices. This report delves into the price of N-Methyl Aniline globally, presenting a detailed analysis, along with informative Price Chart. Through comprehensive Price analysis, the report sheds light on the key factors influencing these trend. 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 Industry dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
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The study delves into the factors affecting N-Methyl Aniline 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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N-Methyl Aniline Price Trend- Last Quarter
The N-methyl aniline (NMA) market is primarily driven by its extensive use in various industries, particularly in the production of dyes, agrochemicals, and pharmaceuticals. In the dye industry, NMA serves as an important intermediate for the synthesis of azo dyes and pigments, which are widely used in textiles, plastics, and printing inks. The agrochemical sector utilizes NMA in the formulation of herbicides and pesticides, contributing to its demand due to the ongoing need for effective agricultural solutions to boost crop yields and manage pest resistance. Additionally, the pharmaceutical industry leverages NMA as a building block in the synthesis of active pharmaceutical ingredients (APIs), supporting its growth given the expanding global healthcare needs. The rise in industrial activities, coupled with technological advancements in chemical synthesis, further propels the market.
N-Methyl Aniline Industry Analysis
In the fourth quarter of 2023, NMA prices in North America remained stable, with no significant changes in purchasing from the downstream fertilizer industry. Buyers paused their activities, expecting potential discounts due to challenges like logistics issues and reduced production rates. Export prices for US NMA showed no variation in mid-December and were influenced by uncertain downstream market dynamics.
Globally, elevated demurrage costs and longer transit times due to congestion in major waterways, particularly the Panama Canal, which faced restrictions due to low water levels, affected supply and transit volumes throughout the quarter. Besides this, in the APAC region, some countries experienced stable prices due to a slow increase in downstream demand, particularly in India, while others faced downward pressure from weak demand and abundant stocks. Limited supply led to price increases in certain areas.
The overall market sentiment remained cautious, with buyers adopting a wait-and-see approach. Despite no plant shutdowns, the market saw balanced conditions with moderate to high demand. Along with this, European NMA prices declined due to sluggish downstream demand, particularly from the fertilizer industry. Despite concerns about freight disruptions and extended import transit times, ample inventories kept price fluctuations modest. Meanwhile, in Europe, Germany saw the most significant price changes, reflecting a bearish trend throughout 2023. Efforts to cut production to protect profit margins were ineffective against competitive import pressures.
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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