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United StatesIn Q1 2025, the Technical Grade (>99%) Nitrobenzene, FOB Busan, market in South Korea showed a slight price decrease, reported at USD 971/MT, marking a decline of -1.42%. This was mainly due to slower demand from core industries like automotive, agriculture, and chemicals, which utilize Nitrobenzene in the production of aniline and other derivatives. The early part of the year witnessed subdued industrial activity, contributing to the softening of prices. Furthermore, an oversupply situation emerged due to abundant production by local manufacturers, which added further downward pressure on the market.
In Q4 2024, prices of Technical Grade (>99%) Nitrobenzene, FOB Busan, in South Korea were reported at USD 985/MT, showing a slight decrease of -2.48% from Q3 2024. This decline was attributed to a mix of factors. While demand from key sectors like automotive and agriculture remained steady, it did not meet the growth expectations for the fourth quarter. Moreover, a stable and ample supply of Nitrobenzene helped ease price pressures. Despite consistent demand from industries such as agrochemicals, the market lacked the momentum to sustain the previous quarter’s gains, leading to a marginal drop in prices.
In Q3 2024, prices of Technical Grade (>99%) Nitrobenzene, FOB Busan, in South Korea continued to rise, reaching USD 1,010/MT, showing an upward trend of 2.33% from Q2 2024. This increase was largely due to stronger demand from the automotive and chemical industries, where Nitrobenzene serves as an essential precursor for aniline. The heightened demand for aniline to produce polyurethane foams, dyes, and other chemical products supported this upward movement. Additionally, price fluctuations in the global chemical market prompted manufacturers to adjust production rates, further influencing the price increase during the quarter.
In Q2 2024, Technical Grade (>99%) Nitrobenzene, FOB Busan, prices in South Korea showed a slight recovery, reaching USD 987.333/MT, reflecting a 1.29% increase from Q1. This rebound was mainly driven by renewed demand from the construction and automotive sectors, as the global economy began to show signs of recovery. Crude oil prices saw a moderate increase during this period, which, combined with higher production costs, pushed Nitrobenzene prices upward. Globally, the demand for polyurethane foams and related products also began to pick up, further supporting the positive trend. Additionally, supply chain bottlenecks in certain regions added pressure to the market, contributing to the gradual price increase.
In Q1 2024, the global Nitrobenzene market experienced a decreasing trend, particularly in South Korea, a key player in the Asia-Pacific (APAC) region. Prices for Technical Grade (>99%) Nitrobenzene, FOB Busan, were reported at USD 974.8/MT, reflecting a -9.75% decline from the previous quarter. This drop was mainly due to sluggish demand from downstream industries, particularly in the production of aniline, which is used in manufacturing MDI for polyurethane foams. The overall slowdown in the construction and automotive sectors, both major consumers of these foams, contributed to the lower demand. Additionally, a slight easing in crude oil prices led to lower raw material costs, further pulling down prices in Q1. Global factors like reduced industrial activity and improved supply chain efficiency also contributed to the market’s overall stability.
In Q1 2025, the Technical Grade (>99%) Nitrobenzene, Ex-Mumbai, market in India further stabilized, with prices recorded at USD 1060.60/MT, showing a 10.10% softening from Q4 2024. The slower start to the year, combined with reduced international demand for Indian dyes and intermediates, led to cautious procurement by manufacturers. The downstream agrochemical sector also experienced a seasonal lull. Despite stable Benzene availability and low freight pressures, tepid end-user demand and high inventories led to limited upward movement in prices, keeping the market relatively balanced.
In Q4 2024, Technical Grade (>99%) Nitrobenzene, Ex-Mumbai, prices in India saw a more notable correction, averaging USD 1179.76/MT, reflecting a 10.36% decline from Q3. This drop was attributed to subdued market sentiment post-monsoon, along with abundant supply in the western region, especially around the Mumbai industrial belt. Producers ramped up operations in anticipation of festive demand, but actual offtake from downstream sectors remained moderate. Additionally, weakening global crude oil prices and reduced input costs supported lower pricing trends in the domestic market.
By Q3 2024, the Technical Grade (>99%) Nitrobenzene, Ex-Mumbai, market showed a slight decrease, with prices dipping to USD 1316.05/MT, down 1.20% from Q2. The onset of the monsoon season across India brought a temporary slowdown in industrial and construction activities, including reduced demand for paints, coatings, and related chemicals. Domestic consumption of Aniline also eased slightly, impacting upstream Nitrobenzene purchases. While raw material Benzene prices remained steady, increased local availability and improved production rates kept supply levels healthy, balancing out the market.
In Q2 2024, Technical Grade (>99%) Nitrobenzene, Ex-Mumbai, prices in India continued a slightly positive path, averaging USD 1331.99/MT, a 0.64% increase from Q1. The market was supported by continued downstream demand from agrochemical manufacturers preparing for the upcoming Kharif season. Moreover, better availability of raw materials and steady port-side inventories in Mumbai helped stabilize the supply chain. Export activity from India remained consistent, particularly for downstream products like dyes and intermediates, which helped keep the domestic demand for Nitrobenzene buoyant despite minor fluctuations in input costs.
In Q1 2024, the Technical Grade (>99%) Nitrobenzene, Ex-Mumbai, market in India witnessed a firm upward movement, with average prices reaching around USD 1323.52/MT, marking a 9.01% increase from the previous quarter. The spike was largely driven by rising demand from the agrochemical sector, particularly in the production of Aniline, a key intermediate for herbicides and dyes. The start of the Rabi cropping season further supported consumption. Additionally, limited domestic production due to maintenance shutdowns and slightly higher feedstock Benzene prices contributed to tighter supply. Festive-related industrial activities also supported the demand for paints and dyes, indirectly lifting Nitrobenzene consumption.
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Molecular Weight[g/mol]
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Molecular Formula
Nitrobenzene is a pale yellow to brownish oily liquid with an almond-like Odor, primarily used as an intermediate in the production of aniline, which is further processed into dyes, rubber chemicals, pharmaceuticals, and agricultural chemicals. Nitrobenzene is also used as a solvent in some industrial applications and as a precursor in the synthesis of various organic compounds.
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Incoterms Used
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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.
| Properties | Specification |
| Boiling point | 211 °C (1013 h Pa) |
| Density | 1.20 g/cm3 (20 °C) |
| Explosion limit | 1.8 - 40 %(V) |
| Flash point | 88 °C |
| Ignition temperature | 480 °C DIN 51794 |
| Melting Point | 5.26 °C |
| pH value | 8.0 - 8.5 (1.00000 g/l, H₂O, 20.0 °C) |
| Vapor pressure | 0.2 h Pa (20 °C) |
| Refractive Index | 1.553 (20 °C, 589 nm) |
| Solubility | 1.90 g/l |
Applications
Due to its toxicity and environmental impact, nitrobenzene must be handled with care in industrial processes, adhering to safety regulations to prevent harmful exposure.
Nitrobenzene prices are primarily driven by fluctuations in the cost of raw materials like benzene and nitric acid, which are used in its production. Additionally, supply chain disruptions, regional production capacities, changes in environmental regulations, and demand from key industries such as agriculture, rubber chemicals, and pharmaceuticals can significantly impact pricing. Other factors like geopolitical events, trade policies, and transportation costs also play a role in determining the market price.
Procurement heads can anticipate Nitrobenzene price fluctuations by closely monitoring key market indicators such as feedstock (benzene) price trends, changes in production capacities, and regulatory shifts. Keeping an eye on global economic conditions, demand trends in end-user industries like dyes, rubber, and pharmaceuticals, as well as potential disruptions due to geopolitical events or environmental regulations, can also provide early warnings of price volatility. Engaging in long-term contracts or securing bulk purchase deals during periods of stable pricing can help mitigate risks.
To secure competitive Nitrobenzene pricing, procurement heads should consider diversifying suppliers, establishing long-term relationships with reliable producers, and negotiating bulk purchase agreements during periods of lower market demand. Additionally, staying informed about market trends, understanding regional price variations, and leveraging advanced forecasting tools to predict price movements can help procurement teams lock in favourable prices. Using real-time price assessment platforms like PriceWatch can also aid in making data-driven purchasing decisions.
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