India
China
Malaysia
United Kingdom
Indonesia
GermanyQ1 2025
By Q1 2025, Pyridine prices rose to USD 2885/MT, registering a 4.89% quarter-over-quarter increase. The rebound was supported by an uptrend in Acetaldehyde and Ammonia feedstock prices, raising the production costs for Pyridine in India. Simultaneously, the pharmaceutical sector in Europe (UK and Germany) witnessed a post-holiday spike in demand for intermediates, further stimulating imports. China and Malaysia also picked up buying momentum as inventories depleted and herbicide production restarted. The overall price uptick was modest but steady, reinforcing India’s role as a primary Pyridine exporter. Exporters benefited from improved trade logistics and stronger offtake across all five CIF markets.
Q4 2024
In Q4 2024, Pyridine prices further improved to USD 2751/MT, up 2.36% from Q3. This price rise aligned with seasonal peak consumption in agrochemical markets, particularly in Malaysia and Indonesia, where plantation activities intensified. The UK and Germany also recorded a surge in Pyridine-linked pharma production ahead of winter-related medicine stockpiling. Feedstock costs for Acetaldehyde showed moderate firmness, which kept production margins tighter for Indian exporters. Despite this, export volumes from India increased, reflecting robust demand from all five importing countries. Notably, China resumed stronger import volumes after months of reduced activity, supporting the overall upward trend.
Q3 2024
Q3 2024 saw a mild recovery in Pyridine prices to USD 2687/MT, a 2.09% increase over the previous quarter. The slight uptick was driven by pre-season restocking in the agrochemical sector, especially in China and Indonesia, as they prepared for the upcoming agricultural cycle. Additionally, UK and German pharmaceutical companies began moderate reordering following improved economic sentiments and reduced inventories. Upstream, there was a slight surge in Acetaldehyde prices, increasing production costs, which were partially transferred downstream. While Indian exporters continued to face competition from alternative suppliers in China, the country maintained its dominance across CIF trade lanes due to reliable delivery schedules and relatively competitive pricing.
Q2 2024
In Q2 2024, Pyridine prices declined further to USD 2632/MT, marking a 12.72% drop compared to Q1. The downward momentum persisted due to continued weak demand from China, where stricter environmental regulations curtailed the operations of Pyridine-consuming agrochemical plants. Meanwhile, Malaysia and Indonesia were still recovering from the seasonal lull, and Germany’s chemical sector showed minimal growth amid recessionary pressures in the EU. On the supply side, a marginal reduction in feedstock costs and lower freight rates helped maintain exporter competitiveness, but oversupply in the market continued to weigh on pricing. Indian exporters faced difficulty in pushing volumes despite attractive prices, leading to subdued trade dynamics across all five importing countries.
Q1 2024
In Q1 2024, Pyridine prices dropped sharply to USD 3016/MT, reflecting a 22.86% decline compared to Q4 2023. The price correction was largely driven by post-harvest seasonality, which led to muted demand from the agrochemical sector, especially in Malaysia and Indonesia, where consumption typically slows in the early quarter. Additionally, pharmaceutical production in Europe (UK and Germany) softened due to stockpiling from Q4, limiting new offtakes. The price slump was further amplified by lower feedstock costs (Ammonia and Acetaldehyde) and an increase in Indian Pyridine inventories, leading suppliers to offer competitive rates to stimulate exports. Exporters in India faced reduced orders across all five CIF countries as buyers adopted a wait-and-watch approach.
Q1 2025
In Q1 2025, Pyridine prices further increased, with FOB India rising to USD 2885/MT (a 4.89% increase) and Ex-West India reaching USD 3464/MT (a 3.53% rise). This upward trend was supported by strong agrochemical demand, especially from China and Indonesia, which had resumed significant imports as agricultural activity ramped up. The pharmaceutical industry in Germany and the UK also contributed to the rise, with increased demand for intermediates used in winter medications. Additionally, feedstock prices for acetaldehyde saw a notable increase, as energy costs in India rose, impacting production costs and therefore pushing up final product prices. The overall market sentiment was positive, with India’s export volumes picking up as buyers sought reliable suppliers amid a stable logistics environment. The price increase indicates a shift back towards higher price levels driven by stronger demand and rising production costs.
Q4 2024
In Q4 2024, both FOB India and Ex-West India saw moderate price increases. FOB India rose to USD 2751/MT, up 2.36%, while Ex-West India increased to USD 3346/MT, reflecting a 1.88% rise. The price increase was driven by a strong rebound in agrochemical demand, particularly in Malaysia and Indonesia, where agricultural activities surged ahead of the new growing season. In Germany and the UK, the demand from the pharmaceutical sector picked up as stockpiling for winter-related health products gained momentum. On the feedstock side, acetaldehyde and ammonia prices remained stable, with moderate upward pressure as natural gas prices in India slightly increased, raising production costs. Despite these factors, India’s Pyridine exports benefited from a higher demand for both agrochemical and pharmaceutical applications, particularly in key markets.
Q3 2024
By Q3 2024, there was a slight recovery in FOB India, which rose to USD 2687/MT, marking a 2.09% increase, while Ex-West India saw a marginal increase to USD 3284/MT (up 1.62%). The recovery was primarily driven by pre-season restocking in China and Indonesia, where agrochemical producers started preparing for the upcoming planting season. The pharmaceutical sector in Germany and the UK also saw modest growth in demand, particularly for intermediate chemicals. Additionally, a slight increase in acetaldehyde prices, combined with relatively stable feedstock availability, allowed for a marginal increase in production costs. However, the price recovery was restrained due to the overall market conditions remaining relatively subdued, with India continuing to face tough competition from lower-priced alternatives in other markets.
Q2 2024
In Q2 2024, Pyridine prices further declined to USD 2632/MT (FOB India) and USD 3232/MT (Ex-West India), reflecting a 12.72% and 10.68% decrease, respectively. The continued decline can be attributed to sluggish demand from China due to tighter environmental regulations and reduced operations in the agrochemical sector. Furthermore, the pharmaceutical sector in Europe (UK, Germany) showed minimal growth due to lower restocking activities after the year-end holiday period. The Indian export market faced stiff competition from China, which lowered its pricing to capture a larger share in the global market, impacting India’s export volume. On the supply side, acetaldehyde prices remained competitive, but the overall price decrease from the previous quarter continued to affect margins, making it difficult for Indian exporters to recover pricing.
Q1 2024
In Q1 2024, both FOB India and Ex-West India saw sharp declines. FOB India dropped to USD 3016/MT, marking a 22.86% decrease, while Ex-West India fell to USD 3618/MT, a 19.79% drop. The sharp decline was primarily due to a post-harvest seasonal slowdown, which led to reduced demand from the agrochemical sector in China, Malaysia, and Indonesia. These countries experienced lower consumption of herbicides and pesticides as the planting season ended. Additionally, there was weaker demand from the pharmaceutical industry in Germany and the UK, as inventories had been sufficiently stocked in Q4 2023. The reduction in feedstock prices, including acetaldehyde and ammonia, compounded the price drop, leading to a decrease in production costs but still resulting in weaker demand from the key CIF countries.
Molecular Weight[g/mol]
CAS No
HS Code
Molecular Formula
Pyridine is a colourless to yellow liquid synthesized primarily from acetaldehyde, formaldehyde, and ammonia as feedstocks. Known for its characteristic odour, it is a key intermediate in agrochemicals, pharmaceuticals, and dyes. Pyridine’s versatile solvent properties make it essential in chemical synthesis, including the production of vitamins, herbicides, and rubber products, ensuring wide industrial applicability.
Packaging Type
Grades Covered
Incoterms Used
Synonym
PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
| Property | Specification |
| Appearance | Clear Colourless liquid |
| Purity | Min. 99.8% |
| Odour | Characteristic odour |
| Moisture | 0.20% (Max) |
| Miscibility | Miscible with water |
Applications
Pyridine is used mainly as a feedstock/intermediate to make other chemicals including:
Picoline (α-, β-, and γ-picoline)
Lutidine (α-, β-, and γ-lutidine)
Pyridoxine (vitamin B6)
Niacin (vitamin B3)
Chlorpyrifos (herbicide)
Pyrimethanil (fungicide)
Nicotine (alkaloid)
Quinoline (heterocyclic compound)
Isoquinoline (alkaloid precursor)
Rubber accelerators (such as N-cyclohexyl-2-benzothiazolesulfenamide, CBS)
Supply Chain Disruptions: The conflict has disrupted supply chains across Europe and beyond, affecting the transportation and availability of raw materials needed for pyridine production. This has created shortages and driven prices upward.
Energy Costs: The war has led to volatility in energy prices, particularly natural gas, and oil, which are critical for the chemical industry. Rising energy costs have increased production expenses for pyridine manufacturers.
Trade Restrictions: Sanctions and trade restrictions on Russian exports have affected the availability of certain chemicals and raw materials used in pyridine production, contributing to price instability.
Increased Demand for Alternatives: As some suppliers have faced difficulties, demand for pyridine from alternative sources has risen, leading to price spikes due to heightened competition for limited supplies.
Supply Chain Disruptions: Lockdowns and restrictions on movement led to factory closures and transportation delays, disrupting the supply chains for pyridine and its raw materials. This created shortages that pushed prices up.
Decreased Demand: Initially, many industries that use pyridine, such as pharmaceuticals and agrochemicals, experienced a slowdown due to reduced production activities. This decreased demand led to a drop in pyridine prices during the early months of the pandemic.
Market Recovery: As economies began to reopen, demand for pyridine surged, particularly from the pharmaceutical and agricultural sectors. This rapid recovery caused prices to spike again as companies rushed to restock and meet new demand.
Increased Costs: The pandemic led to higher operational costs due to safety measures, increased transportation costs, and shifts in sourcing strategies, contributing to price fluctuations.
Trade Wars: The U.S.-China trade war resulted in tariffs on various chemicals, including pyridine and its raw materials. This created cost pressures and disrupted trade flows, leading to price volatility.
Energy Price Volatility: Political instability in oil-producing regions affected global energy prices. As energy costs are a significant component of chemical production, rising energy prices contributed to increased pyridine production costs.
Supply Chain Disruptions: Increased tensions and sanctions on countries like Iran and Russia affected global supply chains. This made sourcing raw materials more difficult, contributing to shortages and higher prices for pyridine.
These events underscore the pyridine market’s vulnerability to global disruptions and highlight the need for continuous monitoring of supply-demand dynamics.
Plant-level visibility is your secret weapon against production delays. Our Downtime Monitor tracks what’s happening inside facilities—so you can respond fast, reduce risk, and plan better.
What You’ll Access
Why It Matters
One hour of unplanned downtime can cost thousands—or more. We give you the intelligence to spot it, solve it, and prevent it.
PriceWatch is your trusted resource for tracking global pyridine price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the pyridine market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, PriceWatch keeps you fully informed of market dynamics.
In addition, PriceWatch provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With PriceWatch, you gain a competitive edge in understanding all the elements that influence pyridine prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely pyridine market data.
Track PriceWatch's pyridine price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.
This research methodology ensures that PriceWatch delivers the most accurate, timely, and actionable pyridine pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.
Molecular Weight[g/mol]
CAS No
HS Code
Molecular Formula
Pyridine is a colourless to yellow liquid synthesized primarily from acetaldehyde, formaldehyde, and ammonia as feedstocks. Known for its characteristic odour, it is a key intermediate in agrochemicals, pharmaceuticals, and dyes. Pyridine’s versatile solvent properties make it essential in chemical synthesis, including the production of vitamins, herbicides, and rubber products, ensuring wide industrial applicability.
Packaging Type
Grades Covered
Incoterms Used
Synonym
PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
| Property | Specification |
| Appearance | Clear Colourless liquid |
| Purity | Min. 99.8% |
| Odour | Characteristic odour |
| Moisture | 0.20% (Max) |
| Miscibility | Miscible with water |
Applications
Pyridine is used mainly as a feedstock/intermediate to make other chemicals including:
Picoline (α-, β-, and γ-picoline)
Lutidine (α-, β-, and γ-lutidine)
Pyridoxine (vitamin B6)
Niacin (vitamin B3)
Chlorpyrifos (herbicide)
Pyrimethanil (fungicide)
Nicotine (alkaloid)
Quinoline (heterocyclic compound)
Isoquinoline (alkaloid precursor)
Rubber accelerators (such as N-cyclohexyl-2-benzothiazolesulfenamide, CBS)
The pricing of pyridine is influenced by several factors, including raw material costs such as acetaldehyde, formaldehyde, ammonia, fluctuations in supply and demand within industries like paints, coatings, and adhesives, as well as external elements like geopolitical events, trade tariffs, and energy prices. These factors combine to create variability in pricing depending on global economic conditions.
Regional production plays a significant role in pyridine pricing. Regions with high production, like Asia-Pacific, tend to have more competitive pricing due to local availability, whereas regions that rely on imports, such as North America and Europe, often face higher costs due to transportation fees, import duties, and potential supply chain disruptions.
The latest pricing trends for pyridine often reflect fluctuations in the cost of raw materials and changes in global supply chains. To secure better rates, procurement heads can consider locking in long-term contracts with suppliers, monitoring global price trends and indices, and optimizing bulk purchasing strategies to take advantage of volume discounts.
Copyright 2025. All rights reserved. Nidhyana Price Watch Data Analytics Private Limited