Hexamethylenediamine Price Trend

Hexamethylenediamine Prices (Q1 2022)

Asia

The price of ammonia rose in Q1 2022 due to a dramatic increase in raw material Nitrogen and Hydrogen prices, as well as strong demand from the Indian market. Despite sustained robust demand from the fertiliser industry, supplies remained insufficient to meet the country's entire demands. A rise in its prices in China was the primary reason of the steady decline in daily output in Shanxi, Hebei, Inner Mongolia, and Xinjiang. Coal and natural gas costs continued to rise due to a global lack of natural gas supplies. Certain coal-based ammonia manufacturers in North China have restricted output due to the Winter Olympics. Prices for aqueous ammonia were recently estimated at 812 USD/MT FOB Qingdao in March.

Europe

Prices in Europe surged throughout Q1 2022, reflecting similar trends to the previous quarter, due to high natural gas costs, sky-high inflation, and significant production cutbacks. The conflict between Russia and Ukraine added to the burden on businesses, forcing them to reduce output. Natural gas is the most prevalent feedstock in the production of ammonia. In March, multinational fertiliser company Yara suspended production at two European facilities due to increased natural gas prices. On the other side, local farmers are worried about having enough supplies for the spring season. Furthermore, in the previous quarter, downstream demand from the urea and ammonium nitrate sectors remained high. The price of anhydrous ammonia CFR Hamburg stayed unchanged at 1550 USD/MT.

North America

Anhydrous ammonia prices have risen significantly in the first quarter of 2022. The price rise is mostly due to a significant increase in the price of gas, which is a critical raw ingredient for the majority of nitrogen fertilisers. As a result, in recent months, Russia implemented temporary export limitations and restrictions on particular types of fertilisers, further decreasing global availability and driving up fertiliser prices. Supply chain issues, weather-related disruptions, and increased shipping container prices are all expected to contribute to fertiliser shortages and price hikes. The price of anhydrous ammonia CFR Tampa stayed unchanged at 1177 USD/MT.

Hexamethylenediamine Prices (Q4 2021)

Asia

Overall, Asian ammonia market sentiments were positive, with solid ammonia demand in India to meet their needs throughout the rabi crop season, and the outlook for Chinese ammonia in the local spot market remained bullish, owing to rising natural gas and coal prices. Furthermore, in the fourth quarter of 2021, the influence of Chinese authorities' dual-control energy consumption restrictions to reduce carbon emissions and limit power use prevailed. As a result, several factories had to reduce output, prompting China's government to completely restrict downstream urea shipments to the international market.

Europe

In Europe, the price had been steadily rising, owing to a surge in raw material costs due to rising natural gas prices. Since the beginning of the year, the German market has had a bullish market mood for ammonia, as demand from the nitrogen-based fertilisers industry has been strong and effective enough to maintain the overall price increase of the fertiliser. Prices in Germany assessed in December 2021 were at 934 USD/MT CFR Hamburg.

North America

The price of the fertilizer in the North American area climbed dramatically in the fourth quarter of 2021, owing to a considerable increase in the commodity's value as a result of a global nitrogen fertiliser shortage. In December, the assessed value of ammonia FOB New Orleans (USA) price reached an all-time high of 1177 USD/MT. Supplies were slow in the quarter as a result of the impaired availability of hydrogen and nitrogen in the aftermath of Hurricane Ida.

Hexamethylenediamine Prices (Q1-Q3 2021)

Asia

Throughout the quarter, demand for ammonia in the local Asian market was constant to solid. Though supplies remained constrained, trade activity was hampered by congestion on key trading routes, as well as higher freight and shipping costs. Meanwhile, the Chinese Lunar New Year cut Chinese manufacturers' inventory, putting extra pressure on pricing. The price of aqueous ammonia in the Indian market increased by 7.07% during the quarter, to 313.28 USD/MT in March. As a result, ammonia pricing recovered towards the close of Q3, with FOB Qingdao prices settling at 702 USD/MT for the week ending September 24th. Prices in India increased from 664 USD/MT to 798 USD/MT in Q3 2021. The country's prices increased due to critically low availability and frantic offtakes due to low inventory levels of numerous fertilisers in advance of upcoming seasonal demand. Furthermore, rising freight costs and stalled imports owing to a scarcity of containers exacerbated the overall pricing trend.

Europe

Domestic agrochemicals firms in Europe had a strong demand for ammonia, but supply was inconsistent. Due to high demand and limited availability, dealers were compelled to pay premium rates for ammonia. Later in March, the Suez Canal crisis hindered trading activity throughout Asia and Europe, affecting the prices in the European region. Traders expected supply activities to return to normal quickly after the region's biggest factories resumed operations. In the third quarter of 2021, its prices in Europe continued to grow sharply. Due to a steady reduction in domestic ammonia production in Europe, there has been a dramatic spike of roughly 300 USD/MT from January 2021. In September, CFR Hamburg prices were 710 USD/MT in Germany. Yara, OCI, and Borealis of Ammonia in Europe were obliged to decrease up to 50% of their production capacity in Q3 due to a significant increase in the price of European natural gas.

North America

Due to extreme weather, ammonia manufacturing in North America was hampered throughout the quarter. Supply in the region remained restricted, but demand from downstream agrochemicals businesses remained strong. Some significant ammonia factories were idled at this time. The lack of the chemical in the region caused prices to rise; FOB prices in Texas increased from 195 USD/MT in January 2021 to 205 USD/MT in January 2022. Ammonia prices grew significantly in the third quarter of 2021 in the North American area, as demand from the key downstream fertiliser sector remained robust. Due to adverse weather conditions that interrupted production in Q1 2021, inventories for the commodity in the United States were lower than expected. The price of ammonia was fixed at 605 USD/MT FOB New Orleans in the first week of August.

Hexamethylenediamine Prices Overview 2020

Asia

Being a key raw material in the production of hexamethylenediamine, ammonia influences its price to a certain extent. In the July-September quarter, supply of ammonia (RM) in Asia Pacific eased as numerous Southeast Asian producers resumed regular operations with ease following COVID-led lockout limitations. Prices began to recoup their lost pace as demand fundamentals improved in the second half of the year, somewhat offsetting the QoQ drop. In the first half of the year, disruptions in the transportation chain and personnel constraints hampered Indian DAP and NPK fertiliser output, resulting in decreased Ammonia feedstock demand. On a CFR India basis, spot ammonia was trading about 280.50 USD/MT. Ammonia demand from northeast Asian chemicals makers was uneven, with some spot transactions made for Q3 supplies in China, Taiwan, and South Korea.

North America

Hurricanes and tropical storms prompted turnarounds at many chemicals and fertiliser facilities, making the third quarter particularly difficult for US ammonia manufacturers, who reported consistent sales throughout the period. Three additional Trinidad manufacturers temporarily stopped down output in late September, including a 500,000 tpy export-oriented Trinidad Nitrogen Company Limited (Tringen) facility in Point Lisas. Due to the unexpected drop in regional prices, Nutrien was the first to shut down some of its output. While prices improved significantly in Southeast Asia, the Middle East, and Russia throughout the quarter, ammonia supplies in the Americas remained substantially discounted. Spot prices were estimated to be between 170-180 USD/MT FOB US Gulf.

Europe

The European ammonia business was seen struggling with low sales as coronavirus infections wreaked havoc on industrial and agricultural activities. Scheduled turnarounds and unanticipated outages hampered exports, resulting in a drop in ammonia shipments from the Black Sea and Baltic. During the quarter, certain Russian ammonia tankers were booked for South Korea as a more cost-effective alternative to transporting cargo from Trinidad. In July, Russia's total ammonia output reached a new high on a year-over-year basis, with FOB prices hovering around 180-190 USD/MT.

Procurement Resource Database

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Procurement Resource provides latest prices of Hexamethylenediamine. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

Chart Description:

Procurement Resource provides prices of Hexamethylenediamine for several regions around the globe, which are as follows:

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

About Hexamethylenediamine:

This compound belongs to the monoalkylamine class of organic compounds. These are organic compounds with an aliphatic amine group at the beginning. The amine odour is prominent in the colourless solid (yellowish in certain commercial examples).

Chemical Formula:

  • C6H16N2

Synonyms:

  1. 1,6-Hexanediamine
  2. 1,6-Diaminohexane
  3. Hexamethylenediamine
  4. 124-09-4
  5. HEXANE-1,6-DIAMINE

Molecular Weight:

  • 116.20g/mol

Production Processes:

  • Production of Hexamethylenediamine via Hydrogenation

The hydrogenation of adiponitrile produces it. The hydrogenation is carried out on molten adiponitrile diluted with ammonia, with cobalt and iron as usual catalysts. The yield is good, but the reactivity of partly hydrogenated intermediates produces economically important side products. 1,2-diaminocyclohexane, hexamethyleneimine, and the triamine bisphosphate are among the additional products (hexamethylenetriamine).

Industrial Uses:

  • Nylon Synthesis
  • Lubricants
  • Curing Agents
  • Biocides
  • Coating Intermediates
  • Adhesives
  • Water Treatment Chemicals

Supplier Database:

  • Compass Chemical
  • Ascend Performance Materials
  • Lanxess
  • Genomatica
  • Suzhou Sibian Chemicals Co., Ltd.
  • Chengdu Dacheng Chemical Co., Ltd.

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Methodology:

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

Procurement Resource also provides the detailed production cost analysis of Hexamethylenediamine See more

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