Ethanolamines price reports are published weekly in Asia and Europe at ICIS.
Information is gathered by our locally based reporters and unbiased price assessments are published for the three main grades of ethanolamines; mono, di and tri. The news and market analysis cover influencing factors such as regional activity, production issues, both planned and unplanned, and upstream movements. The up-to-date market information helps support your commercial decision-making.
Updated to Q1 2020
Covid-19 hit full China full force in late January, leading to a lockdown by the Chinese government. As such, many downstream plants were hard hit. Supply increased as several amines plant were still in production during the lockdown, but demand remained dull. Imports also choked up tanks at ports, with internal logistics issues. By late March, China had slowly recovered but supply remained long as downstream plants struggled to revive.
Amid the coronavirus pandemic, downstream plants in China, where most imports go, were shut. This resulted in a drop in demand. China is the only region which can import bulk material, while others in Asia, like southeast Asia and India, can at best import only iso-tanks. Even after China ramped up operations after the lockdown, downstream production ratios were still lower than Q4 2019.
Q1 ethanolamines supply was more balanced as a result of fewer imports and an unplanned outage at INEOS Oxides’s Lavera, France, plant in February and planned maintenance for BASF’s Ludwigshafen, Germany, plant in March/April. Imports from the US decreased on plant outages and in March logistics challenges resulting from the coronavirus meant fewer cargoes were being planned as demand and price levels became so difficult to predict.
The quarter started with relatively healthy activity, possibly as a result of restocking post-Christmas. Demand was mixed in the second half of Q1 as some end use markets declined as a result of coronavirus lockdowns across Europe. Monoethanolamine (MEA) however saw increased demand into the detergents sector, resulting from coronavirus-related buying. MEA demand into wood treatment also grew. Triethanolamine (TEA) 85% offtake was better than expected into construction due to mild weather before the coronavirus dented demand.
We offer the following regional Ethanolamines analysis and news coverage to keep you informed of factors and developments affecting prices in the Ethanolamines marketplace.
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Ethanolamines including monoethanolamine (MEA), diethanolamine (DEA) and triethanolamine 99% (TEA) find a variety of applications across several sectors of the industry.
There are three main ethanolamines: monoethanolamine (MEA), diethanolamine (DEA) and triethanolamine (TEA). They are produced by the reaction of ethylene oxide with ammonia with the product mix varying from an MEA content of about 70% to a TEA content of about 50% and any combination in between.
MEA’s main use is in the manufacture of ethylene amines and imines, personal care products and detergents, and wood treatment. Applications for DEA include herbicides, detergents and personal care products and treatment of acid gases in refineries. A large portion of TEA goes into detergents and personal care products, engineering and metal working applications and concrete manufacture.
Ethanolamines are colourless liquids which can be hazardous in high concentrations.