In the latter half of February, the global market for Methyl Amine witnessed surge in its pricing despite decreases in key feedstock prices such as Ammonia and Methanol. Mixed demand from downstream sectors, including Pharma, Agrochemical, Dyes, and Pigments, has influenced the Methyl Amine demand and subsequently impacted its market price for the respective period. The global aliphatic amines market heavily relies on China, where Lunar New Year holidays halted production and exports, causing a global imbalance in demand and supply dynamics.
In the US market, the price of Methyl Amine experienced a challenging turn in the second half of February. The general business activity index for manufacturing in Texas, as reported by the Federal Reserve Bank of Dallas, plunged by xx points to xx.x in January xxxx. This marked its lowest level in eight months, indicating a deeper contraction in manufacturing activities. Despite these challenging economic...
