Ethanolamine Market Moved Upwards in Oct 2017

The Chinese ethanolamine market moved up in October. Up to October 31, offers for monoethanolamine (MEA) were in the range of RMB 10,400-10,900/mt. Offers for diethanolamine (DEA) were in the range of RMB 10,500-11,000/mt. Offers for triethanolamine (TEA) were in the range of RMB 11,700-12,200/mt, up RMB 200/mt from last month.

The overall trading was modest. As the supply was limited, players hold firm attitude to the market. Holders of low-priced goods were unwilling to sell goods at low prices. With the establishment of anti-dumping, importers were cautious. As for the units in China, the unit at Oriental Petrochemical ran normally. The unit at Hubei Xianlin Chemical was shut at the end of October. The overall operating rate was around 40%-50%.      

According to ECHEMI, the supply is tight in the EO market, which will support the ETHANOLAMINE market in the short term. In November, the imported goods will be tight. Moreover, some units will undergo maintenance. It is predicted that the Chinese Ethanolamine market will be firm at highs in November.