The global DMAPA price trend continued to show year-on-year declines through the final quarter of 2024, reflecting ongoing market softness, fluctuating demand from downstream sectors, and competitive supply conditions across major producing regions. Based on Ex-Works China benchmarks for technical grade DMAPA, the market experienced mild to moderate downward pressure as industrial consumption lagged behind production capabilities.In October 2024, DMAPA prices were assessed at 2209 USD/MT, marking a significant 18% YoY decline from 2700 USD/MT recorded in October 2023. This notable drop was primarily influenced by weak demand from personal care, coatings, water treatment, and surfactant industries. Overcapacity among leading manufacturers and lower feedstock cost volatility further weighed on market sentiment, limiting price strength during the period.
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The downward trend moderated in November 2024, with market prices rising slightly compared to October but still showing a 9% YoY decrease, settling at 2368 USD/MT versus 2612 USD/MT in November 2023. This softening gap indicates early signs of demand stabilization as certain downstream segments — particularly in personal care and chemical intermediates — showed improved procurement activity ahead of year-end production rounds. However, overall buying momentum remained cautious, keeping price performance subdued.
By December 2024, the DMAPA market showed additional stabilization, with prices closing at 2425 USD/MT, a mild 4% YoY decline from 2535 USD/MT in December 2023. This narrowing difference reflects improved seasonal demand and more balanced inventory management across suppliers. Producers adjusted operating rates to prevent excessive stock accumulation, which helped cushion further price declines and maintain healthier market balance.
According to Expert Market Research, DMAPA prices are expected to show a gradual recovery in the second half of 2025, following anticipated fluctuations in the first two quarters. The forecast suggests that early 2025 may see continued volatility driven by uncertain demand patterns and variable feedstock costs. However, a more favorable outlook is projected for H2 2025 as end-user industries regain momentum, supported by expected improvements in manufacturing, construction, and specialty chemical consumption.
Despite the YoY declines observed through late 2024, the DMAPA market remains positioned for gradual strengthening as global industrial activity recovers. Stakeholders are advised to monitor feedstock amines pricing, export trends from key Asian producers, and demand trends across personal care and surfactant industries, all of which will significantly influence price direction in early 2025.
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