Nitrochlorobenzene Price Trend and Forecast

Nitrochlorobenzene Regional Price Overview

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

Nitrochlorobenzene Price Trend for the Q1 of 2024

Asia

In the first quarter of 2024, the market momentum of nitrochlorobenzene oscillated through most of the Asian countries, with Japan registering the most remarkable fluctuations. In China, domestic production was halted in view of the Chinese New Year holidays, which in turn reduced its exporting capacity, creating a supply deficit in the market during the initial phase of the quarter. However, as the quarter progressed, the demand for the commodity slumped, and the tone of the market turned bearish. Further, after the early gains, the feedstock prices also declined, reducing the cost of production and, in turn, pushing the nitrochlorobenzene prices towards the lower end of the spectrum.
 

Nitrochlorobenzene Price Chart

Please Login or Subscribe to Access the Nitrochlorobenzene Price Chart Data
 

Europe

The European countries noticed frail activities in the nitrochlorobenzene market during Q1’24. The Jan-Mar quarter witnessed quite a shrinkage as the cost of benzene declined, reflected well in the southward turn of the nitrochlorobenzene prices. The ill consequences of the downturn of agrochemicals, dyes, and other related industries further contributed to this trend of nitrochlorobenzene prices. Further, the consumers also looked hesitant as rising rates of interest and inflation amid strict policies adopted by the banking sector lowered their confidence.

North America

The price trajectory of nitrochlorobenzene in North America resembled that of Asian and European countries. The growth of inventories outpaced both domestic and overseas demand for the commodity, due to which the trading and manufacturing sectors had to resort to strict measures in order to keep the market momentum afloat. The low prices of petrochemical commodities and a steep decline in the number of inquiries further dampened the overall situation of the market. This trend was further accelerated by the high interest rates and tightening of export chains.

Analyst Insight

According to Procurement Resource, the price trend of Nitro chlorobenzene is expected to attain a stagnancy in the first quarter as the market is likely to be favored by the surge in cost of feedstock materials and improvement in downstream demand as the summer months approaches.

Procurement Resource provides latest prices of Nitrochlorobenzene. 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.