During the latter part of January, there was a decrease in the global market price of Triethylamine, a trend that commenced in the second week of the Jan xxxx. This decline is primarily linked to the downward movement in Ammonia prices, coupled with a slight increase in Ethanol costs. The market is currently undergoing destocking activities, leading suppliers to adopt a cautious stance toward new inventory accumulation. These pivotal factors have notably impacted the pricing dynamics of Triethylamine in the market.
In the US market, the Pharma sector is experiencing strong performance, while the Agrochemical sector is demonstrating moderate to lower performance, directly impacting the demand for Triethylamine in the production of herbicides, fungicides, and insecticides. The robust growth in the Automobile industry is driving demand for Rubber production, playing a crucial role in increasing the overall demand for Triethylamine. The economic upswing is directly contributing to...
