Triethanolamine Price Trend and Forecast

Triethanolamine Regional Price Overview

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

Triethanolamine Price Trend for the First Half of 2024

Asia

In Asia, triethanolamine prices followed global suit as the pricing patterns of the commodity trended upward, influenced by rising freight rates and logistical bottlenecks caused by the Red Sea crisis. A shortage of container and vessel space led to significant delays and increased transportation costs, which were passed on to buyers.
 

Triethanolamine Price Chart

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Despite relatively weak end-product demand, local supply tightness and the surge in freight costs drove up prices. In China, macroeconomic factors, such as a reduction in interest rates, provided some positive momentum, boosting local market prices and contributing to an overall improvement in the market during May. For most other months, the procurement rates were fueled by escalating overseas queries and rising transportation charges.

Europe

In Europe, the triethanolamine market faced similar challenges as the US market, with prices rising sharply due to reduced production rates and maintenance turnarounds at major facilities, such as BASF SE in Germany. The shutdown of upstream ethylene oxide plants added to the supply shortage, exacerbating the tightness in the market. European producers grappled with low profitability and intense competition, leading some to consider closing upstream units and relying more on imports from Asia. Additionally, geopolitical tensions and logistical issues, particularly related to the Red Sea crisis, further disrupted supply chains and increased freight costs, contributing to the elevated prices in the region.

North America

In the US market, prices were notably affected by severe shortages and production delays, particularly due to an extended Force Majeure declared by Dow Chemicals. This production halt, coupled with harsh weather conditions that disrupted operations, led to reduced inventory levels and escalated operational costs for key producers. As a result, sellers in the US market offered triethanolamine at higher prices, anticipating further disruptions and preparing for a potential uptick in March.

The situation was compounded by ongoing logistical challenges, including port closures and adverse weather conditions, which further constrained supply chains. Traders adjusted their pricing strategies based on limited stock availability, and market participants took a cautious approach to inventory management to mitigate profitability pressures. Despite some recovery in downstream industries like construction, the balance between supply and demand remained delicate, with ongoing supply constraints exerting upward pressure on prices.

Analyst Insight

According to Procurement Resource, the price of Triethanolamine is expected to move northwards as the market outlook remains uncertain, with geopolitical tensions and continued supply chain challenges expected to keep prices elevated in the near term.
 

Triethanolamine Price Trend for the Second Half of 2023

Asia

The positive momentum of the triethanolamine market was carried forward into the third quarter, too, as the prices inclined swiftly throughout the quarter. The Asian currencies registered a slight uptick in comparison to the US Dollar, and with increased export volumes, the overall dynamics of the market moved northwards.

In view of this rising consumer demand and favorable market conditions, a number of manufacturers increased their profit margins and expanded their consumer base. However, these sentiments were not carried forward in the fourth quarter as across the Asian countries, the trading activities declined due to the disruption of the Red Sea route, and the inventories rose beyond demand, resulting in the downfall of the triethanolamine price trend.

Europe

The European countries registered a significant uptick in the triethanolamine market outlook during the third quarter of 2023 as supply chain disruptions caused by the unexpected shutting down of several production plants worked in favor of the market. In addition to this, the downstream demand from domestic and overseas industries also remained in the green zone throughout the quarter, resulting in an incline in the triethanolamine price trend. The lower level of inventories and limited availability of raw materials kept this momentum of the market going in the fourth quarter, too, as the prices ended the year on a positive note.

North America

The disturbance in the supply of feedstock materials and rapidly depleting inventories, along with rising demand for triethanolamine, created an imbalance of supply-demand equilibria and led to the rise in the triethanolamine price trend. The market, however, took on a bearish note during the end phase of the third quarter due to insufficient inquiries but soon regained its pace in the fourth on account of rising demand and scarcity of raw materials.

Analyst Insight

According to Procurement Resource, the price trend of Triethanolamine is estimated to be driven by the support from the downstream procurement rates and unbalanced trade of raw materials.
 

Triethanolamine Price Trend for the First Half of 2023

Asia

In the initial months of the first quarter of 2023, the price trend of triethanolamine dipped due to the weak support from the feedstock materials and declining demand from the downstream industries. But in the subsequent months, the demand and overall market sentiments of the triethanolamine sector improved, giving the required push to the triethanolamine price trend.

In the second quarter, the downstream industries, such as cosmetics and automotive sectors, increased their number of orders and thus drove the price trend of triethanolamine in an upward trajectory. However, the trading activities saw a delay that slightly depleted the availability of the product in the market.

Europe

In Europe, the price trend of triethanolamine declined steeply in the first quarter as the domestic downstream industries continued to showcase low demand amid a high supply of the product in the region. In addition to this, in the second quarter, the falling prices of feedstock materials, weak economic conditions, and strong supply of triethanolamine adversely affected triethanolamine prices and ultimately caused the price trend of triethanolamine to slump.

North America

In North America, the price trend of triethanolamine suffered from muted demand from domestic and international buyers. Along with this, the cost of feedstocks also failed to support the triethanolamine market. Additionally, a high number of cheap imports from Asian nations and strong supply led to the problem of oversupply amid the falling North American economy, which eventually caused the price trend of triethanolamine to fall.

Analyst Insight

According to Procurement Resource, the price trend of Triethanolamine is estimated to depict a falling trend as struggling global economic conditions are expected to affect the demand for triethanolamine negatively.

Procurement Resource provides latest prices of Triethanolamine. 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.