Dimethyl Sulphate Price Trend and Forecast

Dimethyl Sulphate Regional Price Overview

Get the latest insights on price movement and trend analysis of Dimethyl sulphate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Dimethyl Sulphate Price Trend for the Q3 of 2024

Asia

The dimethyl sulphate market in Asia showed strong upward movement during the period, driven by rising sulfuric acid costs and volatile methanol prices. Chinese producers increased prices multiple times due to tight feedstock availability post-holidays.
 

Dimethyl Sulphate Price Chart

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Agrochemical demand remained robust, while water treatment sectors maintained steady consumption. Regional supply tightened as manufacturers struggled with escalating production costs.

Europe

European DMS prices surged as sulfuric acid availability remained constrained amid high sulfur costs. The volatile methanol market added to production cost uncertainties. Agricultural sector demand strengthened seasonally, supporting the upward trend. Several producers reduced operating rates due to margin pressures.

North America

The North American market witnessed consistent price increases throughout the quarter. Domestic availability remained limited while import volumes stayed restricted. Strong downstream demand from agrochemicals supported the rising trend. Producers implemented price hikes to offset climbing feedstock costs.

Analyst Insight

According to Procurement Resource, the price for Dimethyl Sulfate is expected to maintain their upward trajectory in the coming months. Continued strength in sulfuric acid costs and methanol volatility suggests further pressure on production margins.
 

Dimethyl Sulphate Price Trend for the Q2 of 2024

Asia

Dimethyl sulphate prices in Asia maintained a strong upward trend due to increased downstream demand and supply disruptions in China. This bullish trend was further supported by higher feedstock sulphuric acid costs and rising crude oil prices. In China, the real estate sector faced challenges despite an increase in momentum after monetary stimulus, impacting overall market dynamics. The supply chain disruptions due to adverse weather conditions, power outages, and production facility closures in southern China, particularly in the Pearl River Delta, escalated supply shortages and pushed up prices.

The Labor Day holiday spurred heightened procurement activity, and robust manufacturing growth in April sustained strong trading activity. Additionally, global shipping container rates also rose, contributing to the price increase. Similarly, in India, dimethyl sulphate prices remained strong due to robust demand from downstream industries such as paint, coatings, adhesives, automotive, and construction.

The real estate market also saw significant growth, with notable increases in sales figures. The automotive sector's continued demand for dimethyl sulphate and related products, coupled with a modest recovery in the global dimethyl sulphate and chemical industry, especially in the Petrochemicals division, further supported the price trend.

Europe

The European manufacturing sector showed resilience and growth despite weather-related disruptions and elevated feedstock sulphuric acid prices throughout the second quarter of 2024. Further, the strong procurement rates of downstream industries widened the supply-demand gap of the commodity, turning in favor of the trading community as they had room to increase their price quotations. Additionally, the paint and coating industries, supported by increased vehicle sales and positive market sentiments, supported a significant growth in demand for dimethyl sulphate, supporting a northward trend in its prices.

North America

Dimethyl sulphate prices in North America saw a steady increase driven by several drivers of the market throughout the second quarter of 2024. The rising raw material costs and escalating local demand, coupled with expanding export opportunities, significantly impacted prices.

The downstream sectors, such as paints, coatings, and industrial applications, experienced heightened costs due to increased demand and logistical challenges. Additionally, geopolitical tensions, notably the Hamas-Israel conflict, led to higher crude oil prices, affecting global oil supplies and pushing up container shipping rates. These issues were compounded by logistical hurdles like limited container availability and rerouting around the Red Sea, which further strained the supply chain. Additionally, the USA's export growth supported domestic demand for DMS.

Analyst Insight

According to Procurement Resource, the price trend of Dimethyl sulphate is expected to be driven by the positive procurement rates of the downstream industries and ample cost support from the feedstock industries.
 

Dimethyl Sulphate Price Trend for the Q1 of 2024

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Asia

In Asia, dimethyl sulphate prices stabilized as they were driven by robust demand from the end-user pharmaceutical and agrochemical industries. The price increase reflects higher production costs due to a rise in sulphuric acid prices, a key feedstock for dimethyl sulphate production. Additionally, escalating crude oil prices are inflating energy costs, further impacting production expenses.

In view of the high demand from downstream agrochemical enterprises, existing inventory levels were insufficient, prompting increased production rates and trade activities among major manufacturing units. The traders thus used this window of a bullish market to enhance profits.

However, in Japan, the dimethyl sulphate market maintained stability, with prices fluctuating at lower levels. The imbalance between the downstream demand and supply of dimethyl sulphate caused this market downturn. Additionally, the Bank of Japan's recent monetary policy signaled a significant shift in the economic indicators of the region, such as discontinuing its negative interest rate policy and ceasing guidance on long-term interest rates, altering the overall outlook of the dimethyl sulphate market.

Europe

The fluctuating trajectory of sulphuric acid prices resulted in oscillations in the prices of dimethyl sulphate. Further, the weak demand from the agrochemical sector disrupted the equilibrium between supply and demand and hindered the smooth supply chain for the product. The major drivers of the market also exercised caution in their activities to mitigate potential losses amid the challenging market conditions. However, as the quarter approached its end, the dynamics of the market started to improve, stabilizing the overall dynamics of the market. The European Union's efforts to address greenhouse gas emissions from the farming sector through policy overhauls as part of the European Green Deal further impacted the supply chain.

North America

In the US market, dimethyl sulphate prices remained stable after oscillating in the previous quarters, alongside the steady sulphuric acid prices. However, weak demand from the downstream industries met with ample inventory levels, disbalancing the demand-supply equilibrium of the region. The market players were thus maintaining stable prices in order to preserve this equilibrium, while cautious buyers opt for on-demand procurement over bulk purchases.

Analyst Insight

According to Procurement Resource, the price trend of Dimethyl Sulphate is estimated to dwindle in the forthcoming quarters as the fluctuating demand from the downstream industries and feedstock materials might restrict the growth of the dimethyl sulphate market.
 

Dimethyl sulphate Price Trend for the October - December of 2023

Asia

The initial parts of the fourth quarter of 2023 were accompanied by the rising cost of raw materials such as sulphuric acid and other chemicals. However, in the later stages, the Indian market witnessed an influx of excess of the product. Due to this excessive oversupply, the traders had no choice but to opt for destocking practices. As the quarter progressed, the support from the hiked prices of sulphuric acid also began to fade out, leaving the dimethyl sulphate price trend amid the challenges of slow demand and constricted industrial activities.

Europe

The rising cost of feedstock materials was first thought to be sufficient in stretching the dimethyl sulphate price trend in the northward direction. However, soon, the supply chain disruptions and contraction in the consumers' spending budget came into play and caused ripples in the dimethyl sulphate market. Moreover, the fertilizers sector, amid the existing tensions, also faced the repercussions of adverse climate conditions and abrupt heavy rainfalls.

North America

Dimethyl Sulphate prices in the USA experienced a decline in the last month of the fourth quarter. The fall in the price trend was attributed to the weak demand in downstream sectors such as textiles and agrochemicals and, on the other hand, the oversupply of the product in the domestic market.

To further raise the concerns of the manufacturers, the cost of feedstock materials slid southwards. The traders, therefore, adopted a cautious approach as the economic and demand recovery seemed to be a far-fetched idea.

Analyst Insight

According to Procurement Resource, the price trend of Dimethyl sulphate are expected to have a tough run in the coming quarters as the demand sector is likely under the influence of the global financial crisis and the spending appetite of consumers.
 

Dimethyl Sulphate Price Trend for the July - September of 2023

Asia

The initial fall in the dimethyl sulphate prices was a result of feeble demand and weak dynamics of the Asia Pacific countries. However, as the quarter progressed, the scenario of demand from the fertilizers sector and support from the feedstock helped in the growth of dimethyl sulphate price trend. In addition to this, the pharmaceutical industries revamped their production rates, which in turn escalated the demand for dimethyl sulphate and, along with it, its price trend.

Europe

In European countries, the dimethyl sulphate price trend experienced a downfall in the initial phase of this quarter due to weak trading activities and an extensive supply of the product. The market conditions stabilized moderately towards the end of this quarter, resulting in an incline in the dimethyl sulphate price trend. This stabilization in the market was favored by the rise in demand for dimethyl sulphate and a hike in the cost of feedstock materials.

North America

The trajectory of the dimethyl sulphate price graph took a dip during the first months of the third quarter. This downfall of the dimethyl sulphate price trend was an ill-consequence of an abrupt rise in the interest rates and high uncertainties in the economic sector. But the inclination in the prices of raw materials and gradual improvement in the demand from the downstream industries helped in the rise in the dimethyl sulphate price trend towards the end of the third quarter.

Analyst Insight

According to Procurement Resource, the price trend of Dimethyl Sulphate are expected to experience a surge as its procurement rates seem to be improving in the upcoming quarters.
 

Dimethyl Sulphate Price Trend for the First Half of 2023

Asia

The dimethyl sulphate price trend in the first quarter was affected by the fall in demand from pesticides, dyes, and other downstream industries. The purchasing appetite of the buyers in Asian as well as European nations also depleted in the first quarter of 2023.

In the second quarter, the availability of cheap imports, a fall in energy and freight charges, and low demand from the downstream industries hampered the growth of dimethyl sulphate prices. The price trend of dimethyl sulphate eventually fell with the weak market sentiments of the Asia Pacific market.

Europe

In the first quarter, the price trend of dimethyl sulphate fell with the fall in the procurement rates from the downstream industries and the weak movement of the overall European market. In the second quarter also, the price trend of dimethyl sulphate was affected by the soaring rates of inflation along with declining costs of feedstock materials and crude oil. Thus, the sliding market sentiments of the region affected the price trend of dimethyl sulphate negatively.

North America

The slow movement of the downstream industries and low consumption of downstream industries, such as dyes, pesticides, surfactants, etc., resulted in weak demand from both domestic and international sectors that affected the price trend of dimethyl sulphate adversely in the first quarter. In addition to this, the second quarter also suffered from the influx of cheap imports from Asian countries and a low number of fresh orders from the downstream industries. This declined interest of buyers caused the level of inventories to rise, and thus, the price trend of dimethyl sulphate eventually faced southwards.

Analyst Insight

According to Procurement Resource, the price trend of Dimethyl sulphate is estimated to follow a falling trend as it will be affected by the slump in demand from the downstream industries and decreased rates of procurement from the consumer sector.

Procurement Resource provides latest prices of Dimethyl Sulphate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.