DMAPA Price Forecast Report 2024-2025 | Price Trend, Latest Prices, Market Analysis, News, Chart, Demand, Extensive Forecast, Historical and Forecast Data

DMAPA Price Forecast

In China, the recent functioning of the market suggests some instability in the price forecast for DMAPA. The trend is expected to fall gradually in the second quarter, driven by the lower-than-expected prices of its feedstock propylene and certain new additions of PDH amid weak downstream demand. However, the third quarter might witness some strong momentum, supported by the increase in China’s industrial growth and demand from consumer goods manufacturing. However, this trend is estimated to stabilize by the end of the year as the influence of higher energy costs will overpower the demand sector of the commodity. A similar scenario is expected to be followed in European countries, too. Industrial production will lead the demand from the consumer goods sector in the initial and mid-phase of the year; however, during the end phase, modest momentum of the raw materials sector is expected to degrade the market dynamics of DMAPA.

Market Dynamics

In May, the acrylonitrile prices fell beyond the expectations of the market, lowering the overall production cost of DMAPA. The propylene and other raw material sectors, however, favored some stabilization but were insufficient in sustaining the momentum of the DMAPA market, thus asserting a negative impact on its future pricing outlook. Additionally, in China, the chemical industry anticipates a 19% surge in propylene production volumes in 2024 as compared to 2023, with industry production achieving 67.47 million tonnes in production. Therefore, the current scenario suggests a southward trend in the DMAPA pricing forecast.

Annual Outlook for the DMAPA Industry

In 2024, DMAPA prices are projected to experience notable fluctuations due to varying market conditions and feedstock dynamics. In Q2 2024, DMAPA prices are anticipated to decrease by approximately 2.5% quarter-on-quarter, driven by lower feedstock propylene and acrylonitrile prices stemming from new PDH plant additions and weak downstream demand. However, in Q3 2024, prices are expected to rebound, increasing by around 4.5% quarter-on-quarter, influenced by a resurgence in industrial production in China and Europe, particularly in the consumer goods manufacturing sector, which will heighten demand.

By Q4 2024, DMAPA prices are expected to stabilize due to seasonal low downstream demand during winter in China, despite slight increases in feedstock propylene prices due to higher energy costs. Moving into Q1 2025, a modest 1% price increase is anticipated, driven by routine maintenance activities in chemical manufacturing facilities and a projected rise in propylene prices. Overall, the annual outlook for DMAPA in 2024-2025 suggests periods of price volatility, with an initial decline followed by recovery and eventual stabilization, shaped by feedstock availability and industrial production trends.

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