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Key Highlights

• Feedstock prices for ethylene oxide and aqueous ammonia remained stable, allowing for sustained rates of domestic production for Triethanolamine.
• Uninterrupted imports of Triethanolamine from Saudi Arabia, UAE, and the US, aided by smooth ports.
• FMCG momentum continued, bolstered by robust rural consumption, though paints and coatings faced some headwinds from urban slowdown.
• Cement demand outlook remained optimistic, driven by rural housing and infrastructure growth.
• Freight rates on US-India and UAE-India shipping lanes remained elevated.

Triethanolamine producers on the supply side continued to operate steadily throughout August as the costs of ethylene oxide and aqueous ammonia remained stable. Ethylene oxide was somewhat lower at INR ***,***/MT from INR ***,***/MT in July, while aqueous ammonia remained near INR **,***/MT. Imports of Triethanolamine from Saudi Arabia, the UAE, and the USA were continuing at a regular pace, enabled by smooth port operations and a lack...