Shanghai (China): Nitrobenzene prices remained subdued globally in the fourth quarter of FYxx, partially due to the subdued polyurethane markets and negative feedstock pressures. By the end of December, Nitrobenzene markets remained largely stable amidst improving market demand for dyes and pharmaceuticals, arresting the steady fall in prices as polyurethane producers destocked inventories in Qx FYxx. Prices of Nitrobenzene, largely traded in China, were assessed at USD xxxx/mt by the end of December.
In European and American markets, Nitrobenzene markets are largely driven by polyurethane volumes. Analysts argue that marginal rebounds in China during the third quarter remained the only bright spot for polyurethanes and nitrobenzene markets globally. European and American demand remained subdued, largely owing to a tight credit environment, and the slowing down of automotive markets, largely driven by the lowering of EV sales, continues to remain a major risk for the producers of Nitrobenzene...
