Dimethylacetamide Prices, Monitor, Analysis & Demand

North America

During the fourth quarter ending in December 2023, the US market Dimethylacetamide Prices showcased bullishness in its trend. The market players attributed this to the heightened demand from the downstream textile and polymer manufacturing sectors along with the low supplies of the product. In terms of the upstream market, the prices of dimethylamine supported the prices of the commodity, however, acetic acid followed the opposite trend.

Despite this, the prices of the commodity followed an upward trend. This market situation gave the market players to play in their terms which led to the increase in ex-quotations, to enhance their profit margins along with the sales. Additionally, the buyers went toward bulk procurement to attain the supply and demand equilibrium.

Furthermore, considering the market situation the producers raised their production rate to fill the gap required to attain the smoothness of the supply chain. An increase in the demand from the downstream textile and polymer manufacturing sector resulted in the increased consumption rate of the existing inventories creating the need to restock the storage facilities.

APAC

The APAC Dimethylacetamide market in the fourth quarter of 2023 witnessed a bullish trend with low supply and high demand. The market was affected by various factors such as low supply over high demand. One of the major players in the market, China, observed a price incline of approximately 8% towards the end of the quarter, with the latest price of Dimethylacetamide FOB-Nanjing standing at USD 1152/MT. However, the market remained bullish with insufficient product availability amid strong market sentiments and a potential decrease in supply due to manufacturers reducing their production capacity. Additionally, an increase in energy prices may further surge the overall production cost of the product. A primary reason for the market fluctuations was the supply-demand imbalance driven by heightened demand from downstream industries, including textiles, pharmaceuticals, and the coating sector. The market witnessed no plant shutdown during the quarter. In response to this market condition, traders adjusted their ex-quotations, marginally raising prices to improve their profit margins.

Get Real Time Prices Of Dimethylacetamide Prices:- https://www.chemanalyst.com/Pricing-data/dimethyl-acetamide-1237

Europe

In the European market, the prices of Dimethylacetamide recorded an upward trend showcasing the bullishness in the market situation of the commodity. This upward movement was attributed to heightened demand from the textile and polymer manufacturing sectors downstream, coupled with limited product supplies. Although the prices of dimethylamine, an upstream component, provided support, acetic acid exhibited an opposing trend. Despite this, the overall trajectory for dimethylacetamide prices remained upward. Market dynamics favored players, allowing them to adjust ex-quotations for increased profitability and sales. Buyers responded with bulk procurement to achieve supply and demand equilibrium. Producers responded to market conditions by elevating production rates to address supply chain smoothness. Rising demand in the textile and polymer manufacturing sector led to increased consumption of existing inventories, prompting the need for restocking storage facilities.

About Us:-

ChemAnalyst is an online platform offering a comprehensive range of market analysis and pricing services, as well as up-to-date news and deals from the chemical and petrochemical industry, globally.

Being awarded ‘The Product Innovator of the Year, 2023’, ChemAnalyst is an indispensable tool for navigating the risks of today's ever-changing chemicals market.

The platform helps companies strategize and formulate their chemical procurement by tracking real time prices of more than 400 chemicals in more than 25 countries.

ChemAnalyst also provides market analysis for more than 1000 chemical commodities covering multifaceted parameters including Production, Demand, Supply, Plant Operating Rate, Imports, Exports, and much more. The users will not only be able to analyse historical data but will also get to inspect detailed forecasts for upto 10 years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.