Ethylenediamine (EDA) Prices Trend and Forecast

North America

The Ethylenediamine Prices decreased in the fourth quarter of 2022 as a result of the declining feedstock of ammonia in the US market. In the fourth quarter, the global market remained stagnant, and the product was stockpiled due to declining orders from the overseas and US domestic markets. The low demand from the downstream automotive, paints, and other key driving sectors also contributed to the negative price trend. Consumer spending and purchases decreased as a result of high-interest rates and inflation. The approaching holiday in the final month of Q4 further reduced buyer demand and orders in the USA market.

APAC

Due to weak cost pressure from feedstock Ammonia from the Asian market, the price of Ethylenediamine decreased throughout the fourth quarter of 2022. Further, the demand from the downstream paints, adhesives, and other sectors saw a decline during Q4. The government imposed the zero COVID restriction in China during Q4, which affected the trading activities in the domestic and overseas markets, and products got stockpiled in the market. At the same time, India also followed the same price trend because traders on the Indian domestic market had a lot of stockpiled products from exporting nations like Saudi Arabia and Japan.

Europe

During the fourth quarter of 2022, the price trend of Ethylenediamine decreased as a result of negative market sentiment. The weak-cost pressure from feedstock Ammonia also contributed to the negative price of the Ethylenediamine market. End-use industries saw little demand as a result of high inflation and a declining buying trend in the European market. Due to the ample gas storage in major EU nations, the availability of natural gas on the market increased, lowering production costs. Several businesses slowed down their production rates due to low demand from end-use industries, but the product was readily available. Producers offered to destock their products at a low price at the end of the quarter as the holidays got closer.

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