Nitro Toluene Price In USA
- China: 1935 USD/MT
During the third quarter of 2023, demand for nitrotoluene in China spiked, raising prices up to 1935 USD/MT late in September.
The latest report by IMARC Group, titled "Nitro Toluene Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of Nitro Toluene Price Trend. This report delves into the Price of Nitro Toluene globally, presenting a detailed analysis, along with an informative Nitro Toluene Price Chart. Through comprehensive Nitro Toluene price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the Nitro Toluene demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Nitro Toluene Prices December 2023:
- China: 1935 USD/MT
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The study delves into the factors affecting Nitro Toluene price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Nitro Toluene Price Trend- Q4 2023
The nitro toluene market, particularly ortho-nitro toluene, has experienced a significant shift in the first quarter of fy24-25. The primary driver behind the changes in the market has been regulatory impacts, notably the impending bans on s-metolachlor, a herbicide that utilizes ortho-nitro toluene as a key raw material. This regulation has led to a substantial drop in demand for ortho-nitro toluene in North America, influencing both market prices and production dynamics. Concurrently, the increase in toluene supply by 5% compared to the previous quarter has contributed to a surplus in the market, exacerbating the price decline. Additionally, the recovery in benzene spot prices has hinted at a rebound in industrial production, which may buffer the negative impacts on the nitro toluene market. Despite these challenges, there are emerging signs of demand recovery in specific sectors such as dye production, driven by decreasing energy costs, suggesting a complex interplay of factors influencing the market trajectory.
Nitro Toluene Market Analysis
The global nitro toluene market size reached 476.1 Thousand Tonnes in 2023. By 2032, IMARC Group expects the market to reach 648.9 Thousand Tonnes, at a projected CAGR of 3.50% during 2023-2032. In March 2024, nitro toluene prices were influenced by a constellation of factors rooted in both supply chain dynamics and broader economic conditions. The decline in demand for ortho-nitro toluene due to reduced herbicide usage significantly affected the market. This demand reduction led to a build-up of inventory levels, putting downward pressure on prices. Furthermore, the introduction of new energy supply contracts in North America at the beginning of January 2024, which featured lower premiums due to decreased gas prices and elevated gas inventories, played a crucial role. These factors combined to create a bearish market sentiment, continuing the trend of declining prices from the previous quarter.
Despite the overall downward trend, there were regional variations and potential signs of market recovery. For instance, the demand for ortho-nitro toluene in North American dye production showed an uptick as the quarter progressed, likely due to easing energy costs. However, the tightening of the toluene supply in the latter half of the quarter added a layer of complexity to the market dynamics. In the USA, while the domestic demand remained stable, the fluctuations in supply and the continued low demand for dyes and other chemicals that use ortho-nitro toluene kept prices lower than historical averages. This scenario illustrates the multifaceted nature of the market, where supply constraints, regulatory changes, and shifts in consumer demand across various industries all intersect to shape the pricing landscape of nitro toluene.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand.
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece.
- North America: United States and Canada.
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco.
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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