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Nitro Benzene Prices Ease in Asia in June, Weakness to Persist Amidst Regional Oversupply

Nitro Benzene Prices Ease in Asia in June, Weakness to Persist Amidst Regional Oversupply

Stella Fernandes 08-Jul-2024

Nitro Benzene prices eased in June xxxx by a meagre xx M-o-M basis owing to higher output and lower spot trades to South Asia and Europe owing to freight charges surging as high as USD xxxx to USD xxxx/TEU. The situation has further triggered the conversion of Nitro Benzene to Aniline downstream at higher pace subsequently easing the price pressure through the entire value chain till Methylene Diphenyl Isocyanate. The situation in June also saw upstream price pressure remain stronger as benzene prices largely remained stable yet elevated over May prices by xx. With Nitro Benzene and its derivatives prices remaining lower in June, 果酱视频 predicts further easing and partially stabilizing prices for the next two months.

Nitro Benzene prices in China saw stability since April partially due to lower production through its major plants as capacities remained excess in...

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