When you are measuring ORP, what you are actually measuring is the relative ratio of various redox active metals, such as manganese, iron, etc.
Adding anything that is a reducing agent or an "antioxidant" can skew these ratios and lower ORP.
The primary ingredient in Amquel is a complicated molecule and could have a variety of reactions in seawater that are not clearly understood, even by the original inventor. Those reactions will last for a period until the material (hydroxymethanesulfonate) is depleted.