Dinitrotoluene Price Trend and Forecast

Dinitrotoluene Regional Price Overview

Get the latest insights on price movement and trend analysis of Dinitrotoluene in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Dinitro Toluene Price Trend for Second Half of 2023

In the third and fourth quarters of 2023, the dinitrotoluene price trend remained stable in the Asian market, notably in China, moving opposite to the general trend observed around the globe. This stability reflects Asia's strong and distinct market dynamics and demand patterns, particularly in key sectors like dyes and pharmaceuticals.
 

Dinitrotoluene Price Chart

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However, in Europe, the prices of dinitrotoluene experienced a decline due to volatility in toluene and nitric acid prices. These oscillations in the market were further fueled by the oscillations in the supply rates of crude oil after sanctions were imposed on Russian supply lines. European manufacturers, therefore, adjusted prices in response to global supply chain dynamics and petrochemical market shifts. North America, on the other hand, mirrored Asia's stability in dinitro toluene prices despite a downtrend in its feedstock prices.

This relatively positive outlook of the market is attributed to the stabilization in inflationary pressure and interest rates charged by the banking sector. Along with this, sustained demand in the automotive and construction sectors also played a significant role in keeping the market dynamics above the red line. But North America wasn't entirely immune to global influences, with potential adjustments looming due to broader economic factors and feedstock price fluctuations. Stakeholders across regions exercised caution amidst the complex and evolving market landscape.

Analyst Insight

According to Procurement Resource, the price trend of Dinitrotoluene is estimated to trace the trajectory followed by its feedstock toluene and nitric acid prices. The market momentum is further expected to be altered by the procurement rates from the downstream automotive and construction industries.
 

Dinitrotoluene Price Trend for the First Half of 2023

Dinitrotoluene, or DNT, is an organic chemical primarily used in manufacturing other important chemicals as a precursor or intermediate. The prices mostly depend upon the downstream demands from various chemical, dyeing, and pharma industries and the fluctuations in its feedstock nitric acid and toluene prices.

Dinitrotoluene prices fluctuated throughout the first half of the year 2023 as the downstream demands were very limited, which could easily be catered by the existing inventory stocks. So, more and more supplies kept piling up, raising the inventory levels. But the market offtakes didn’t pick up, and market performance remained on the weaker side. Overall, bearish market sentiments were observed.

Analyst Insight

According to Procurement Resource, the price trend for Dinitrotoluene are expected to continue fluctuating since the downstream demands continue to remain bearish.

Procurement Resource provides latest prices of Dinitrotoluene. 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.