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Nitrobenzene Price Trend and Forecast

⟳ Weekly Update
|
Historical Data Since 2015
|
Forecast for 2026
  • Commodity Pricing
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nitrobenzene Price Trends by Country

inIndia
sgSingapore
usUnited States
krSouth Korea

Global nitrobenzene Spot Market Prices, Trend Analysis and Forecast

Price-Watchâ„¢ provides real-time price assessments and price forecasts for Nitrobenzene across top trading regions:

Nitrobenzene Regional Coverage Nitrobenzene Grade and Country Coverage Nitrobenzene Pricing Data Coverage Explanation
Asia-Pacific Nitrobenzene Pricing Analysis Nitrobenzene Technical Grade (>99%) FOB Prices at Busan, South Korea Weekly Price Update on Nitrobenzene Real-Time Export Prices from Busan, South Korea to Global Markets
Nitrobenzene Technical Grade (>99%) CIF Prices at Nhava Sheva, India. Importing from South Korea Weekly Price Update on Nitrobenzene Real-Time Import Prices at Nhava Sheva, India from South Korea
Nitrobenzene Technical Grade (>99%) CIF Prices at Port of Singapore, Singapore. Importing from South Korea Weekly Price Update on Nitrobenzene Real-Time Import Prices at Port of Singapore, Singapore from South Korea
Nitrobenzene Technical Grade (>99%) Ex-Mumbai Domestic Prices, India Weekly Price Update on Nitrobenzene Real-Time Domestic Prices in Ex- Mumbai, India
North America Nitrobenzene Pricing Analysis Nitrobenzene Technical Grade (>99%) CIF Prices at Houston, USA. Importing from South Korea Weekly Price Update on Nitrobenzene Real-Time Import Prices at Houston, USA from South Korea

Nitrobenzene Price Forecasts & Market Foresight Q3 2026

Outlook: Bearish to Strongly Bearish

Confidence: High

Nitrobenzene prices are expected to remain under pressure globally for much of Q3 2026, weighed by comfortable regional supply, softer benzene and nitric acid feedstock costs, and cautious procurement from Aniline and MDI manufacturers, before showing a mild recovery towards quarter-end on downstream restocking.

Asia is likely to witness persistent oversupply-driven weakness despite firmer feedstock costs, India may see a steadier rebound on agrochemical and dye demand, while North America is anticipated to see comfortable import availability keep the market subdued through the quarter.

Global Nitrobenzene Market Overview by Region (July–September 2026)

Country Grade/ Incoterm Outlook
South Korea Technical Grade (>99%) FOB Busan Bearish to Strongly Bearish
India Technical Grade (>99%) CIF Nhava Sheva (South Korea) Bearish to Strongly Bearish
India Technical Grade (>99%) Ex-Mumbai Mildly Bearish to Bearish
Singapore Technical Grade (>99%) CIF Port of Singapore (South Korea) Bearish to Strongly Bearish
USA Technical Grade (>99%) CIF Houston (South Korea) Bearish to Strongly Bearish

*Nitrobenzene Forecast represents an analytical assessment based on information available at the time of publication. Actual market prices may vary due to unforeseen operational, regulatory, geopolitical, or economic developments.

Explore the Complete Price Watch™ Nitrobenzene Forecast

Access comprehensive Acetone market intelligence, including a 3-Month Rolling Forecast, 12-Month Price Forecast, forward price curves, country-wise market outlooks, procurement insights, and monthly forecast updates.

Explore Price Watch™ Nitrobenzene Forecasts

What’s Included

The 3-Month Forecast (Updated Monthly)

It reflects changes in benzene and nitric acid feedstock costs, energy prices, producer operating rates, plant outages, inventory levels, trade flows, freight rates, regional demand, and geopolitical developments affecting the global nitrobenzene market.

The 12-Month Forecast (Published Annually)

It provides a strategic outlook based on expected capacity additions, supply-demand balances, feedstock economics, macroeconomic conditions, industrial production trends, trade policies, seasonal demand patterns, and long-term supply chain developments, supporting procurement, budgeting, and strategic planning.

Our Proprietary Hybrid Forecasting Model Evaluates:

  • Feedstock & production economics
  • Plant operating rates & outages
  • Inventory and supply-demand balance
  • Regional trade flows & freight
  • Import-export dynamics
  • Macroeconomic & geopolitical developments

 

Track Supply Chain Disruptions in Real Time

As geopolitical risks continue to reshape global supply chains, stay ahead of the events that drive price movements by monitoring plant shutdowns, maintenance turnarounds, force majeure events, logistics bottlenecks, trade restrictions, and operational disruptions before they impact Nitrobenzene markets.

Access the Price Watchâ„¢ GIO Tracker

Nitrobenzene Price Trend Q2 2026

In Q2 2026, Nitrobenzene prices moved higher across all monitored markets as elevated benzene feedstock costs, tied to the USA-Israel vs Iran conflict, pushed up crude oil-linked production economics.

The USA recorded by far the steepest quarterly gain at nearly 33%, while India posted the sharpest increase among Asian import markets at 23.45%. South Korea and Singapore posted more contained increases near 19%. June 2026 brought a broad correction across most markets, though the USA bucked the trend, posting a further gain as import demand stayed firm.

The Nitrobenzene Price Chart reflected this steady feedstock cost transmission into finished product pricing. The Nitrobenzene Price Index stayed supported by steady demand from aniline, polyurethane, and dye intermediate buyers.

South Korea: Nitrobenzene Export Prices FOB Busan, South Korea, Grade-Technical Grade (>99%)

The Nitrobenzene Price Trend in South Korea rose in Q2 2026, up by around 19.52%. Elevated benzene feedstock costs, tied to the USA-Israel vs Iran conflict, pushed up domestic production economics. FOB Busan export valuations climbed steadily through the quarter as a result.

The Nitrobenzene Price in South Korea stayed elevated on steady demand from aniline and polyurethane buyers. In June 2026, Nitrobenzene Prices in South Korea corrected, falling by around 6.97%, as buyers moderated procurement during the month.

India: Nitrobenzene Imported Prices CIF Nhava Sheva from South Korea, India, Grade-Technical Grade (>99%)

The Nitrobenzene Price Trend in India rose in Q2 2026, up by around 23.45%. Firming South Korean FOB prices passed through into import valuations, as elevated benzene feedstock costs tied to the USA-Israel vs Iran conflict lifted origin-side production economics.

CIF Nhava Sheva pricing climbed steadily through the quarter as a result. The Nitrobenzene Price in India stayed elevated on steady demand from aniline and dye intermediate buyers. In June 2026, Nitrobenzene Prices in India corrected, falling by around 6.42%, as the South Korean origin correction transmitted into import valuations during the month.

Singapore: Nitrobenzene Imported Prices CIF Port of Singapore from South Korea, Singapore, Grade-Technical Grade (>99%)

The Nitrobenzene Price Trend in Singapore rose in Q2 2026, up by around 18.68%. Firming South Korean FOB prices passed through into import valuations, as elevated benzene feedstock costs tied to the USA-Israel vs Iran conflict lifted origin-side production economics.

CIF Port of Singapore pricing climbed steadily through the quarter as a result. The Nitrobenzene Price in Singapore stayed elevated on steady demand from aniline and polyurethane buyers. In June 2026, Nitrobenzene Prices in Singapore corrected, falling by around 6.64%, as the South Korean origin correction transmitted into import valuations during the month.

USA: Nitrobenzene Imported Prices CIF Houston from South Korea, USA, Grade-Technical Grade (>99%)

The Nitrobenzene Price Trend in the USA recorded the steepest quarterly gain among all monitored markets in Q2 2026, up by around 32.93%. Firming South Korean FOB prices passed through into import valuations, as elevated benzene feedstock costs tied to the USA-Israel vs Iran conflict lifted origin-side production economics. CIF Houston pricing climbed to peak levels through the quarter as a result.

The Nitrobenzene Price in the USA stayed at peak levels on firm demand from aniline and polyurethane buyers. In June 2026, Nitrobenzene Prices in the USA bucked the broader correction trend, rising a further 8.08%, as sustained import demand kept valuations climbing during the month.

Nitrobenzene Price Trend Analysis: Q1 2026

Nitrobenzene Price Trend Q1 2026

During the first quarter of 2026, the world Nitrobenzene market showed steady growth owing to strong benzene pricing, stable logistics, and consistent downstream demand. There continued positive nitrobenzene price trend in leading exporters and importers, especially in Asia and North America.

Some notable exporters in Q1 2026 are South Korea. Meanwhile, strong import demand came from countries like India, Singapore, and the USA. There are substantial increases in pricing of Nitrobenzene in the month of March 2026 on account of higher feedstock prices and improved buying interest.

South Korea: Nitrobenzene Export prices FOB Busan, South Korea, Grade- Technical Grade (>99%)

According to Price-Watchâ„¢, during the first quarter of 2026, Nitrobenzene price in South Korea rose by 6.15% on account of constant feedstock prices of benzene and constant production volumes.

The nitrobenzene price trend in South Korea continued to show positive performance owing to regular export orders and constant supply of the product. The efficiency of the refineries coupled with good trading environment ensured strong market sentiment in the period.

The Nitrobenzene prices showed gradual increase on account of stable buying by overseas buyers. In March 2026, Nitrobenzene price in South Korea surged by 17.06%, supported by strengthening global demand and improved downstream consumption.

India: Nitrobenzene Import prices CIF Nhava Sheva from South Korea, India, Grade- Technical Grade (>99%)

Nitrobenzene price in India witnessed an increase of 9.98% in Q1 2026 owing to robust import demands and consumption. The nitrobenzene price trend in India is bullish for the quarter because of rising cost of raw materials along with sustained import from South Korea.

Nitrobenzene price is resilient due to a balanced supply chain and stable market fundamentals. In March 2026, Nitrobenzene price in India increased by 21.17%, reflecting higher import costs and strengthening global benchmarks.

Singapore: Nitrobenzene Import prices CIF Port of Singapore from South Korea, Singapore, Grade- Technical Grade (>99%)

In Q1 2026, Nitrobenzene price in Singapore increased by 5.38%, supported by stable import flows and steady regional demand. The nitrobenzene price trend in Singapore remained firm due to balanced supply conditions and Singapore’s strategic role as a key trading hub in Asia.

Nitrobenzene prices reflected consistent procurement and efficient logistics throughout the quarter. In March 2026, Nitrobenzene price in Singapore rose by 15.33%, driven by strengthening global demand and rising upstream cost pressures. Major suppliers included leading South Korean petrochemical producers.

USA: Nitrobenzene Import prices CIF Houston from South Korea, USA, Grade- Technical Grade (>99%)

In Q1 2026, Nitrobenzene price in the United States increased by 3.40%, supported by stable import demand and balanced market fundamentals. The nitrobenzene price trend in the United States remained moderately positive amid steady procurement and consistent supply from South Korean exporters.

Nitrobenzene prices reflected cautious optimism due to stable industrial activity. In March 2026, Nitrobenzene price in the United States surged by 16.64%, driven by rising feedstock benzene costs and strengthening global trade conditions.

Nitrobenzene Price Trend Analysis 2025

Nitrobenzene Price Trend Q1 2025

In 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 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.

Nitrobenzene Price Trend Q2 2025

According to the PriceWatch, in Q2 2025, Nitrobenzene prices on an FOB Busan basis fell to USD 941.50 per metric ton, reflecting a quarterly decrease of -3.10%. This decline was largely driven by easing raw material costs, particularly Benzene, which saw softer pricing due to reduced Crude Oil values and improved regional supply conditions.

Additionally, downstream demand from the Aniline and MDI sectors remained lukewarm, with buyers adopting a cautious procurement stance amid broader economic uncertainties and slow recovery in end-use industries like construction and automotive.

Export volumes from South Korea remained steady, but competitive pricing from alternative Asian suppliers added downward pressure on market sentiment. As a result, Q2 concluded with a slight dip in prices, shaped by favourable input costs and subdued downstream momentum. 

According to the PriceWatch market report, Nitrobenzene prices in India increased modestly in Q2 2025, with Ex-Mumbai levels reaching USD 1100.28 per metric ton, reflecting a +2.73% rise from the previous quarter. This upward movement in Nitrobenzene prices was primarily attributed to stronger seasonal demand from the agrochemical sector during the kharif sowing season, which led to higher procurement by downstream manufacturers.

The Nitrobenzene Market also experienced a tightening supply situation due to planned maintenance shutdowns at select production units in western India, while import activity remained limited as elevated freight rates reduced the competitiveness of overseas offers. The Nitrobenzene price Trend remained firm throughout the quarter, supported by stable feedstock Benzene costs and steady domestic production.

According to the Nitrobenzene price Chart, weekly average prices strengthened progressively, reflecting a stable and demand-driven market environment. Overall, the Nitrobenzene Market in Q2 was marked by seasonally aligned demand, controlled supply, and a confident buying sentiment across key industrial regions. 

Nitrobenzene Price Trend Q3 2025

In Q3 2025, the global Nitrobenzene market experienced a softening price trend, driven by stable feedstock availability, cautious buyer sentiment, and subdued downstream demand.

Freight conditions remained largely steady, allowing for consistent international trade flows, though procurement activity showed limited momentum across the quarter. Inquiries remained moderate, with many buyers adopting a conservative approach amid comfortable inventory levels and minimal supply disruptions.

Producers maintained competitive FOB offers to sustain market presence, but limited consumption growth capped any significant price recovery. Overall, the Nitrobenzene price trend reflected a bearish outlook, with values declining gradually across most markets due to oversupply concerns and restrained buying interest.

South Korea: Nitrobenzene Export prices FOB Busan, South Korea, Technical Grade (>99%).

In Q3 2025, the Nitrobenzene prices in South Korea under FOB Busan terms registered a noticeable decline amid limited export demand and stable operating rates. Producers managed consistent output supported by steady availability of key feedstocks like Benzene and Nitric Acid, though downstream interest remained subdued across multiple trade destinations.

The export trend was weaker in the first half of the quarter, with recovery seen only toward the end. Offers were competitively placed to sustain market share in key import hubs. The Nitrobenzene price trend in South Korea reflected this soft sentiment, with prices ranging between USD 840–910 per metric ton, showing a 7.19% decline compared to the previous quarter.

In September 2025 Nitrobenzene prices reflecting a 3.44% drop from the previous month. The decline in offered prices resulted from moderate demand within core downstream chemical segments and an abundant supply of Nitrobenzene’s key raw materials such as benzene and concentrated acids.

India: Nitrobenzene Import prices CIF Nhava Sheva, India, Technical Grade (>99%).

According to Price Watch, in Q3 2025, the Nitrobenzene prices in India under CIF Nhava Sheva terms experienced a moderate downward adjustment due to softened freight rates from South Korea and balanced inventory levels. While port logistics remained efficient, the number of inquiries saw only marginal growth throughout the quarter, reflecting a cautiously optimistic market sentiment.

Domestically, buyers adopted a wait-and-watch approach amidst stable feedstock availability, mainly Benzene and Nitric Acid. Suppliers maintained consistent offers under FOB Busan terms, with Indian importers negotiating bulk volumes toward the quarter-end.

The Nitrobenzene price trend in India was slightly negative, with prices assessed between USD 925–970 per metric ton, registering a 2.57% change from the previous quarter. In September 2025 Nitrobenzene prices falling by 1.85%. Price moderation was driven by balanced market activity and steady supply of material from South Korea, with no reported shortages or escalations in spot purchasing.

Singapore: Nitrobenzene Import prices CIF Port of Singapore, Singapore, Technical Grade (>99%).

In Q3 2025, the Nitrobenzene prices in Singapore under CIF Port of Singapore terms observed a modest decline, primarily due to steady freight conditions and weak downstream demand across Southeast Asia. Trade routes from South Korea remained stable, with no significant delays reported. The number of inquiries stayed limited, suggesting buyer hesitation amid adequate stock positions.

Market participants noted that while upstream raw materials like Benzene remained steady, competitive FOB offers from South Korea capped any upward momentum. As a result, the Nitrobenzene price trend in Singapore stayed soft throughout the quarter.

Prices ranged between USD 920–995 per metric ton, reflecting a 6.87% decrease from the previous quarter. In September 2025 Nitrobenzene prices down 3.55%. This pronounced decrease was due to mild correction in export demand from Singapore, stable supply in South Korea, and competitive offers influenced by slight logistical improvements.

USA: Nitrobenzene Import prices CIF Houston, USA, Technical Grade (>99%).

According to PriceWatch, in Q3 2025, Nitrobenzene prices in USA under CIF Houston freight rates for Nitrobenzene imports from South Korea showed stability, but sluggish domestic demand and high inventory levels weighed on price realizations. The number of inquiries from U.S. buyers remained subdued as many adopted a cautious stance, driven by expectations of further price softening.

Supply from South Korea under FOB Busan terms remained active, but aggressive negotiation from buyers limited upside potential. Furthermore, subdued demand for feedstocks like Benzene added to the bearish tone. The Nitrobenzene price trend in the USA remained under pressure, with prices assessed between USD 960–1100 per metric ton, indicating a 5.90% quarter-over-quarter drop.

In September 2025 Nitrobenzene prices decreasing sharply by 4.83%. The price drop reflected active de-stocking by sellers, competitive spot offerings from South Korea, and robust supply in origin and destination markets.

Nitrobenzene Price Trend Q4 2025

In Q4 2025, global Nitrobenzene prices exhibited downward trends across major trading hubs, with quarterly declines spanning the 5-10% range amid ample refinery benzene feedstocks and cautious aniline downstream demand from MDI, rubber chemicals, and pharmaceuticals.

South Korean FOB Busan led regional softening due to high export inventories, while import destinations like India, Singapore, and USA faced landed cost pressures from Korean cargoes despite steady petrochemical consumption.

Year-end showed mixed movements with mild upticks in Asia offsetting US softness. Stable crude correlations and operational discipline curbed deeper corrections. Forward outlook anticipates Q1 2026 stabilization via controlled output and seasonal restocking.

South Korea: Nitrobenzene Export prices FOB Busan, South Korea, Grade- Technical Grade (>99%)

According to Price-Watchâ„¢, In Q4 2025, Nitrobenzene price in South Korea softened amid regional oversupply and tempered aniline procurement. Nitrobenzene price trend in South Korea recorded an 8.56% decline compared to Q3, with Busan prices ranged between USD 775-830 per metric ton. Export cargoes to India and Singapore sustained volumes despite domestic stock builds.

Nitrobenzene prices in December 2025 rose by 1.90%, driven by selective year-end restocking and refinery optimizations. Benzene feedstock stability supported low costs. MDI producers maintained steady offtake. Port logistics efficiencies aided flows. Producer discipline mitigated excess risks. Regional aniline dynamics position gradual recovery ahead.

India: Nitrobenzene Import prices CIF Nhava Sheva from South Korea, India, Grade- Technical Grade (>99%)

In Q4 2025, Nitrobenzene price in India weakened under steady Korean import arrivals and balanced domestic demand. Nitrobenzene price trend in India declined 5.40% from Q3, with Nhava Sheva prices ranged between USD 840-900 per metric ton. Local aniline makers like Gujarat Alkalies absorbed cargoes consistently. Nitrobenzene prices in December 2025 climbed 2.47%, reflecting restocking momentum and port efficiencies.

Rubber chemical sectors ramped utilization steadily. Benzene parity ensured supply reliability. Currency movements aided importers favorably. Agrochem inquiries provided support. Infrastructure growth boosted end-uses further. Forward balance signals stabilization into Q1 2026.

Singapore: Nitrobenzene Import prices CIF Port of Singapore from South Korea, Singapore, Grade- Technical Grade (>99%)

In Q4 2025, Nitrobenzene price in Singapore faced downward pressure from Korean supplies amid hub transshipment roles. Nitrobenzene price trend in Singapore eased 7.94% versus Q3, with Port of Singapore prices ranged between USD 855-915 per metric ton.

Southeast Asian aniline demand held moderate absorption. Nitrobenzene prices in December 2025 gained 2.18%, via inventory adjustments and selective buying. Storage terminals enhanced flexibility effectively.

Downstream MDI and dyes sectors sustained uptake. Regional logistics optimized reliably. Producer run rates aligned with softer inquiries. Supply chain resilience counters pressures. Balanced positioning persists ahead.

USA: Nitrobenzene Import prices CIF Houston from South Korea, USA, Grade- Technical Grade (>99%)

In Q4 2025, Nitrobenzene price in USA encountered sharp softening through Korean Gulf imports and domestic caution. Nitrobenzene price trend in USA dropped 10.34% over Q3, with Houston prices ranged between USD 885-955 per metric ton. Petrochemical firms sourced amid ample arrivals.

Nitrobenzene prices in December 2025 fell 4.73%, reflecting oversupply dynamics. Aniline for MDI held steady consumption. Port handling improved distributions. Benzene cost alignments stabilized margins. Capacity utilizations tempered aggression. Forward positioning hints at consolidation with recovery emerging steadily.

Nitrobenzene Price Trend Q1 2024

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 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. 

Nitrobenzene Price Trend Q2 2024

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 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. 

Nitrobenzene Price Trend Q3 2024

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. 

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. 

Nitrobenzene Price Trend Q4 2024

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 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. 

Technical Specifications of Nitrobenzene Price Trends

Product Description:

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.

Identifiers and Classification:

  • CAS No – 98-95-3
  • HS Code – 29042010
  • Molecular Formula – C6H5NO2
  • Molecular Weight[g/mol] – 123.11 g/mol


Nitrobenzene Synonyms:

  • Mirbane Oil


Nitrobenzene Grades Specific Price Assessment:

  • Technical Grade (>99%) 


Nitrobenzene Global Trade and Shipment Terms

  • Quotation Terms (Product & Country Specific): 25-30 MT, 10-15 MT
  • Packaging Type (Product & Country Specific): Tanker, Drum 200 kg


Incoterms Referenced in Nitrobenzene Price Reporting

Shipping Term  Location  Definition 
FOB Busan  Busan, South Korea  Nitrobenzene Export Price from South Korea 
CIF Nhava Sheva (South Korea)  Nhava Sheva, India  Nitrobenzene Import price in India from South Korea 
CIF Port of Singapore (South Korea)  Port of Singapore, Singapore  Nitrobenzene Import price in Singapore from South Korea 
CIF Houston (South Korea)  Houston, USA  Nitrobenzene Import price in USA from South Korea 

*Quotation Terms refers to the quantity range specified for the Nitrobenzene being quoted or offered in a commercial transaction.

**Packaging Type refers to standard packaging size commonly used for Nitrobenzene packing, ease of handling, transportation, and storage in industrial and commercial applications.


Key Nitrobenzene Manufacturers

Manufacturer 
LG Chem 
Huntsman Corporation 
Aarti Industries 

Nitrobenzene Industrial Applications

nitrobenzene-market-share-end-use

Historically, several events have caused significant fluctuations in Nitrobenzene prices

  • Russia-Ukraine Conflict (2022-Present): The ongoing conflict led to disruptions in the global supply chain for raw materials, impacting the chemical industry, including nitrobenzene, causing price volatility. 
  • Environmental Regulations (2019-Present): Stricter environmental regulations, particularly in China and the European Union, have impacted the production and usage of nitrobenzene, leading to increased production costs and price fluctuations. 
  • Texas Winter Storm (2021): This severe weather event disrupted chemical production in the U.S., including nitrobenzene, leading to temporary supply shortages and price hikes. 
  • COVID-19 Pandemic (2020): The pandemic caused significant demand fluctuations in the nitrobenzene market. While demand dropped initially due to industrial shutdowns, it rebounded as the economy restarted, driven by the recovery in sectors like construction and automotive. 
  • Trade Disputes (2018-2019): Ongoing U.S.-China trade tensions affected global supply chains, creating uncertainty in the chemical markets, including nitrobenzene, and contributing to price instability.

Why Price Watchâ„¢?

Price Watchâ„¢ is your trusted resource for tracking global nitrobenzene price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the nitrobenzene market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, Price Watchâ„¢ keeps you fully informed of market dynamics.

In addition, Price Watch™ provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With Price Watch™, you gain a competitive edge in understanding all the elements that influence nitrobenzene prices worldwide. Stay ahead of the curve with Price Watch’s™ reliable, accurate, and timely nitrobenzene market data.

Track Price Watch'sâ„¢ nitrobenzene 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.

Nitrobenzene Market Price Trend published by Price Watchâ„¢ reflect prevailing spot market conditions, derived from independent research, verified trade inputs, and proprietary market intelligence as of the publication date. Prices are published on the specified Incoterm and represent indicative base market levels, exclusive of applicable taxes, VAT, duties, tariffs, and other statutory charges. Actual transaction values may vary depending on volume, credit terms, contractual structure, and other negotiated conditions. Market prices are inherently subject to volatility, liquidity dynamics, regulatory changes, and evolving trade activity. The information provided is for reference and benchmarking purposes only and does not constitute an offer, recommendation, or guarantee of transactional outcomes. Users should exercise independent commercial judgment and assess their specific contractual, regulatory, tax, and application requirements before making business decisions. Price Watchâ„¢ assumes no liability for decisions taken based on this information.

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.

Nitrobenzene is a widely used aromatic chemical and a key intermediate in producing aniline, which feeds into dyes, pharmaceuticals, agrochemicals, and rubber chemicals. Its price directly affects the cost of downstream products like herbicides, insecticides, and specialty chemicals, making nitrobenzene a critical component of global chemical supply chains and industrial production. Price-Watchâ„¢ tracks these prices to help businesses and consumers understand and stay updated with the market trends.

Nitrobenzene prices vary by grade and region. Prices are typically quoted per metric ton and change based on supply, demand, and energy costs. Price-Watchâ„¢ provides real-time price assessments across different global markets to help buyers and sellers make informed decisions.

The Nitrobenzene market trend depends on changes in global supply and demand, driven by production capacity, feedstock availability, and manufacturing cycles. Energy and transportation costs, trade policies, and currency movements in major producing countries also play a significant role. Demand from the dye, pharmaceutical, agrochemical, and rubber chemical industries strongly affects pricing, while regulatory compliance, environmental, and safety standards further shape market dynamics. Plant shutdowns, supply-chain disruptions, and broader economic conditions add volatility, with long-term outlooks supported by steady industrial and chemical demand.

The largest buyers of Nitrobenzene are dye manufacturers and pharmaceutical companies, followed by agrochemical producers making herbicides and insecticides. Additional demand comes from rubber chemical manufacturers, specialty chemical producers, and industrial intermediates suppliers, with trading companies and distributors also purchasing significant volumes for supply to global chemical and industrial markets. Price-Watchâ„¢ analyses demand patterns across all these industries.

Nitrobenzene is produced through chemical manufacturing rather than agricultural processes. It is synthesized by nitrating benzene using nitric acid under controlled conditions in industrial chemical plants and then purified before being supplied to dye, pharmaceutical, agrochemical, and rubber chemical manufacturers.

Nitrobenzene trade is driven by production capacity, chemical plant output, and access to global dye, pharmaceutical, and agrochemical markets. Major producers include India, China, and select European chemical hubs, while key importing and trading centers are countries with large industrial chemical and pharmaceutical industries, such as the United States, Germany, and Japan. Trade volumes fluctuate based on plant operating rates, feedstock availability, regulatory compliance, environmental and safety standards, and global industrial demand. Price-Watchâ„¢ tracks production levels, export flows and trade patterns to help businesses understand global supply chains and identify sourcing opportunities.

Supply generally matches demand, but regional shortages can occur due to plant shutdowns, transportation problems, or sudden spikes in industrial activity. Price-Watchâ„¢ monitors these supply-demand imbalances to alert the market about potential shortages or surpluses.

Nitrobenzene prices vary by grade and purity, with high-purity, industrial-grade Nitrobenzene commanding a premium. Premium grades attract higher prices due to their suitability for dyes, pharmaceuticals, and agrochemical production, consistent quality, and compliance with safety standards. Lower-grade or technical Nitrobenzene trades at a discount as it may require further processing or is limited to less demanding industrial applications. Price-Watchâ„¢ provides separate price assessments for each grade to ensure market transparency.

When Nitrobenzene demand rises sharply, often due to increased dye, pharmaceutical, or agrochemical production, prices typically increase. Suppliers may prioritize long-term or key industrial buyers, while others face tighter availability, longer lead times, or higher premiums to secure high-purity or specification-grade Nitrobenzene supplies. Price-Watchâ„¢ captures these market dynamics in real-time.

Processing and logistics are among the largest cost components for Nitrobenzene. When feedstock, energy, or transportation costs rise, producers and traders often pass these costs on to buyers, driving up Nitrobenzene prices. This is why prices in regions with lower production or transport costs tend to be more competitive, a correlation that Price-Watchâ„¢ analyses in its price assessments & market reports.

Nitrobenzene prices vary by region based on production capacity, feedstock availability, transportation costs, regulatory requirements, and local demand from dye, pharmaceutical, and agrochemical industries. Regions with limited supply, higher logistics expenses, or stricter quality and safety standards typically see higher prices due to the added costs of compliance and distribution. Price-Watchâ„¢ tracks prices across all major regions to highlight these differences.

The Nitrobenzene market outlook depends on factors such as growth in dye, pharmaceutical, and agrochemical demand, feedstock availability, production capacity and plant operating rates, logistics and transportation costs, and quality, safety, and regulatory compliance requirements. Price-Watchâ„¢ regularly publishes detailed forecasts that project price movements for the next 12 months based on comprehensive analysis of supply additions, demand growth in key industries, seasonal patterns, and macroeconomic indicators. Our forecasts help businesses anticipate market conditions and plan accordingly.

Absolutely. Accurate forecasting allows you to time your purchases better, negotiate contracts more effectively, and budget more accurately. If Price-Watchâ„¢ forecasts predict a price increase in three months, you might choose to stock up now or lock in long-term contracts at current rates, potentially saving thousands of dollars.

Events like plant shutdowns, feedstock shortages, trade disputes, or economic slowdowns can disrupt Nitrobenzene production or shipping routes, causing supply shortages and price spikes. For example, major refinery turnarounds, geopolitical tensions affecting raw material supply, or logistic bottlenecks have historically created significant market volatility. Price-Watchâ„¢ provides timely alerts when such events affect the market.

Price-Watchâ„¢ collects data from manufacturers, distributors, and buyers worldwide to publish regular price assessments, market reports, and forecasts. Our transparent methodology and comprehensive coverage make us a trusted source for understanding fair pricing and market trends in the Nitrobenzene industry.

Access Real-Time Nitrobenzene Price Trends
Access Real-Time Nitrobenzene Price Trends