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As mid-September was coming to a close, the price of TEA fell to **** USD/MT FOB-Qingdao, down from the week before due to continued declines in ammonia as well. Ethanol increased slightly this week again but continues to follow a downward trend overall. In Northeast China, the Huanan facility of Hongzhan was operational with both production lines in Jixian running. Laha was running at full capacity, while the Bayan and Wanli plants were running, and fuel supply was stable. TEA pricing remained stable in India, and ethanol and ammonia pricing had no changes, maybe from prior weeks. Demand is supported by pharmaceuticals and agrochemical applications specifically in generics and crop protection.聽
From the supply-side perspective, TEA demand in China stays limited, despite the evidence of underlying structural growth in the pharmaceutical and agrochemical markets. Even as API syntheses and biopesticide formulations still drive TEA...
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