Polypropylene glycol diamine

Recent Market Dynamics Intelligence
1. Price Trends
- The domestic polyetheramine market in China is overall stable with minor adjustments. The mainstream price for D230 polyetheramine in the East China region ranges from 22,000 to 23,000 RMB/ton, with a fluctuation of approximately ±200 RMB/ton compared to the previous period. In the South China region, the price for the same product model is between 22,500 and 23,500 RMB/ton, with relatively smaller price fluctuations.
- Imported polyetheramine prices have slightly increased due to factors such as international market supply and exchange rates, with some high-end models seeing price increases of 300 to 500 RMB/ton.
2. Supply Situation
- The operating rate of domestic polyetheramine production enterprises remains around 70% to 75%. Some enterprises have reduced output due to equipment maintenance or raw material supply issues, but the overall supply still meets market demand.
- On the import side, the volume of arriving shipments has recently increased. However, due to some importers' optimistic expectations for the future, there is a certain degree of reluctance to sell, meaning the actual market circulation of goods has not increased significantly.
3. Demand Situation
- Demand from the downstream wind power industry remains stable, with procurement levels of polyetheramine maintained. With the continued advancement of wind power installation projects, demand for polyetheramine is expected to remain stable in the short term.
- Demand in the construction industry has slightly recovered, with increased start-up rates for real estate projects in some regions, leading to increased demand for polyetheramine in fields such as waterproof coatings. However, the overall increase is limited.
- Demand in the adhesive industry is performing steadily, with procurement of polyetheramine conducted on an as-needed basis, showing no significant sharp increase or decrease.
4. Raw Material Dynamics
- Propylene oxide, a primary raw material for polyetheramine, has seen narrow price fluctuations recently. The market price for propylene oxide in the East China region is between 9,000 and 9,200 RMB/ton, providing relatively stable cost support for polyetheramine.
- Prices for other raw materials, such as primary amines, are also relatively stable, with no significant fluctuations, resulting in minimal changes in the overall production cost of polyetheramine.

Analysis and Judgment
1. Price Aspect: The current polyetheramine market is basically balanced in supply and demand, with small price fluctuations. Although imported product prices have risen slightly, domestic supply is stable and cost support is limited. It is expected that significant price increases or decreases are unlikely in the short term, with the market remaining stable with minor adjustments.
2. Supply Aspect: The operating rate of domestic production enterprises is relatively stable. Although imported shipments have increased, the available market supply is limited, so the overall supply situation is not expected to change significantly. However, attention should be paid to equipment maintenance at some enterprises and the stability of raw material supply, as issues could lead to localized supply tightness.
3. Demand Aspect: Stable demand from the wind power industry provides certain support for the market, and the recovery in the construction industry brings some incremental demand. However, the overall growth in demand is limited. The lack of explosive growth in downstream industry demand makes it difficult to exert strong upward pressure on polyetheramine prices.

Forecast
1. Short-term (1-2 weeks): Polyetheramine market prices are expected to continue a stable trend with minor adjustments. The price for D230 in the East China region is expected to fluctuate in the range of 21,800 to 23,200 RMB/ton, while prices in the South China region are expected to be around 22,300 to 23,700 RMB/ton.
2. Medium-term (1-2 months): If demand from the downstream wind power industry remains stable, demand in the construction industry further recovers, and raw material prices show no significant fluctuations, polyetheramine market prices are expected to rise slightly by 300 to 500 RMB/ton. However, if raw material prices fall or downstream demand falls short of expectations, prices may face downward pressure.
3. Long-term (3-6 months): Attention needs to be paid to the impact of the macroeconomic situation on downstream industries and the release of new industry capacity. If the macroeconomic environment improves, downstream industry demand continues to grow, and the release of new capacity is orderly, polyetheramine market prices are expected to rise steadily. Conversely, if the economic situation is poor or the concentrated release of new capacity leads to oversupply, prices may experience a significant decline.