TEA demand from the agrochemical and pharmaceutical sectors continued to support higher TEA prices through April. The benchmark rose to $*,***.**/MT from $*,***.**/MT, reflecting an *.** month-on-month increase. Spot indications near $*,***.**/MT were repeatedly observed in late April as producers maintained firm offers amid steady consumption. Agrochemical demand remained strong for formulation use, while pharmaceutical offtake provided consistent support across contract and spot markets. Overall, balanced supply conditions and stable end-use consumption sustained firm TEA pricing momentum throughout the month.
Supply-side dynamics of TEA remained broadly balanced, supporting a firm but orderly TEA production environment. Stable ammonia feedstock costs helped maintain consistent operating margins across domestic units. Overall availability remained adequate across Gulf Coast and Midwest terminals. Although early April saw occasional tightness in prompt volumes, producers largely maintained stable offer levels through mid-to-late April, preventing any significant supply disruption.
Weekly movements showed...
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