Ethanolamines Prices, markets & analysis
ICIS coverage of the Asian ethanolamines market provides timely information and valuable insights into Asia’s key markets and helps industry players to better understand the impact of events on markets in the region.
Use ICIS information to:
- Identify potential business opportunities in the volatile market
- Monitor supply availability and the demand situation in Asia
- Negotiate contract prices with confidence
Our editor gives their expert view
Ethanolamines Asia Transcript
The ICIS Ethanolamines Asia report w as launched on 29 February 2012, and provides unique weekly market coverage of the market in Asia.
The report covers key markets including China, India and South East Asia.
For monoethanolamines and diethanolamines quotes provided are CIF India, CIF south East Asia, CIF China and ex-warehouse, which is the Chinese domestic price.
Triethanolamine prices are quoted: CIF South East Asia, CIT China and again ex Warehouse for the Domestic China market. Information is collected through direct contact with producers, traders and end-users.
The report features a dedicated section which summarises feedstock market trends including ethylene oxide (EO), ethylene and ammonia. Downstream markets are discussed by region too
. Users like the report because it brings transparency to the market and is a good and timely reference which helps them to understand Asian ethanolamine markets.
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China's domestic ethanolamines prices have been on a decline throughout the first quarter, as the downstream markets were marred by weakening domestic demand amid an economic decline in the country.
Diethanolamines (DEA) prices fell by 3.7% from the week ended 8 January to an average of yuan (CNY) 11,700/tonne ex-warehouse (EXWH) east China, ICIS data showed.
Over the same period, monoethanolamines (MEA) prices lost 4.7% to an average of CNY11,150/tonne EXWH east China, while triethanolamines (TEA) prices were down by 4.7% to an average of CNY12,150/tonne EXWH east China, according to ICIS.
The price decline was a reflection of the underperforming distribution chain, while the operating rates of the ethanolamines plants in China remained stable at 60-70% capacity on average.
The amines prices took a beating despite largely stable feedstock ethylene oxide (EO) prices throughout the quarter, owing partly to a deteriorating monoethylene glycol (MEG) market. MEG is a major EO derivative, followed by ethanolamines.
The spot MEG prices have been undermined by a massive build-up of inventories and sluggish domestic demand following the Lunar New Year holidays in the first half of February.
By contrast, China's import amines prices firmed at the high end of the range in response to higher offers by overseas producers, who diverted much supply to the more lucrative European markets, where supply was in shortage amid production issues and low imports.
On the import front, the TEA prices in China stood at $1,400-1,640/tonne CIF (cost, insurance & freight) China in the week ended 19 March, compared with $1,450-1,590/tonne CIF China in the week ended 8 January.
Over the same period, China's MEA prices were at $1,300-1,450/tonne CIF China versus $1,350-1,400/tonne CIF China in early January, and DEA prices in China stood at $1,400-1,560/tonne CIF China compared with $1,450-1,530/tonne CIF China previously.
Similarly, because of tighter import cargo availability, net buyer India recorded spot DEA import prices at $1,450-1,600/tonne CIF India in the week ended 19 March, compared with $1,400-1,480/tonne CIF India during the week closing at 8 January. DEA demand was firm in India.
However, poor MEA consumption in India led to a widened gap between buying and selling levels, as end-users preferred to keep low stocks, partly also because of the financial year-end closing in March. MEA prices in India stood at $1,350-1,550/tonne CIF India during the week ended 19 March, compared with $1,420-1,500/tonne CIF India in the week ended 8 January. While prices at the high end of the range increased because of limited and high-priced offers, the levels at the low end tumbled in reflection of bearish demand.
Production issues in southeast Asia also led to tightened supply. A major producer in the region conducted routine plant maintenance from mid-January to mid-February. However, there were production issues following the turnaround, which led to a reduction in supply for exports, and this led to high offers in the market.
Updated to Q1 2014
The ICIS Asia Ethanolamines report covers weekly price assessments, market updates and production capacities of all the major ethanolamines markets in the region – China, India and southeast Asia – providing insights on the increasingly dynamic and volatile Asian market to key industry players including producers, buyers, traders and distributors.
Production news in Asia, including trade flows in China and India, and analyses on how capacity expansions in the Middle East affect Asia and other regional markets, are also covered in the report, providing a holistic view of the ethanolamines market.
What the report covers
- CIF price quotes on MEA, DEA and TEA for China, India and southeast Asia
- China domestic price quotes
- Comprehensive commentary on China, India, and southeast Asia
- Asia, China and Middle East production news
- Ethylene oxide feedstock price movements and its supply situation
- Plant shutdowns and start-ups
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Ethanolamines. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Ethanolamines, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.