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 Prices. This report delves into the price of Nitro Toluene globally, presenting a detailed analysis, along with an informative Nitro Toluene Price chart. Through comprehensive 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 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.
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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.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/nitro-toluene-pricing-report/requestsample
Nitro Toluene Price - Last Quarter
There was a significant shift in the nitro toluene market during the first quarter of FY24–25, particularly in the ortho-nitro toluene segment. The primary driver of the market changes has been regulatory implications, including the impending bans on s-metolachlor, a herbicide that employs ortho-nitro toluene as a critical raw material. This regulation has impacted both market price and production dynamics, resulting in a considerable decline in the demand for ortho-nitro toluene in North America. The market surplus caused by the 5% increase in toluene supply over the previous quarter has exacerbated the price decline.
Nitro Toluene Market Analysis
Numerous elements coming from supply chain dynamics and overall economic conditions influenced the price of nitro toluene in March 2024. The decrease in demand for ortho-nitro toluene due to reduced usage of pesticides has a significant effect on the market. Prices were under pressure to drop as a result of the rise in inventory levels caused by this drop in demand. Furthermore, it was noteworthy that new North American energy supply contracts with lower premiums were introduced in early January 2024 as a result of rising gas stocks and falling gas prices. Together, these factors created a negative market sentiment that continued the downward price trend from the previous quarter.
Despite the general downward trend, there were regional variations and even signs of a market recovery. For instance, the demand for ortho-nitro toluene in North American dye production grew throughout the course of the quarter, perhaps due to a decline in energy prices. However, the tightening of the toluene supply in the second half of the quarter complicated the market dynamics. Prices in the USA remained below historical norms despite stable domestic demand due to supply fluctuations and the ongoing low demand for dyes and other compounds containing ortho-nitro toluene. This scenario illustrates the intricate market structure, where price is influenced by a combination of supply constraints, regulatory changes, and shifts in consumer demand across several industries.
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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