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GermanyAt the onset of Q1 2025, the market experienced a more pronounced decline. Prices of ONT Industrial Grade (99%) CIF Hamburg came down to USD 1592/MT, down 8.06% from the previous quarter. Weak demand from key sectors like dyes and agrochemicals remained a major factor. Some buyers held back on new orders due to high inventories and uncertain market signals. At the same time, increased availability of cheaper imports in Europe put additional pressure on local prices. Despite the decline, Germany’s manufacturing capacity remained stable, ensuring uninterrupted supply to both domestic and regional markets.
In the fourth quarter of 2024, the market turned downward, with prices of ONT Industrial Grade (99%) CIF Hamburg falling to USD 1732/MT, showing a 4.94% decline from Q3. This was mainly due to reduced buying interest from end-users, especially as many industries slowed operations toward the year-end. A buildup of inventories in some regions also contributed to the price drop. Additionally, a decline in global feedstock costs led to reduced production expenses. Even so, German producers kept supply in check, and exports moved steadily without facing any significant barriers.
By the third quarter of 2024, prices continued to rise modestly, reaching USD 1822/MT for ONT Industrial Grade (99%) CIF Hamburg—up 1.58% from the previous quarter. Demand remained steady from downstream sectors, especially for fine chemicals and intermediates used in the pharmaceutical industry. Though the pace of buying was not aggressive, consistent orders kept the market balanced. There were also occasional delays in raw material shipments, which made suppliers slightly cautious with pricing. Production across Germany remained steady, and logistics operated without major delays.
In Q2 2024, prices saw a slight improvement, rising to USD 1793/MT for ONT Industrial Grade (99%) CIF Hamburg, a 1.41% increase from Q1. Some seasonal recovery in demand was observed, especially from the agricultural chemical and pigment industries. Manufacturers increased procurement to rebuild their inventories. Also, some maintenance shutdowns at nearby production facilities reduced the availability of Ortho Nitro Toluene in the regional market, supporting a gradual price rise. However, overall activity remained stable without any major supply disruptions.
In the first quarter of 2024, the Ortho Nitro Toluene market in Germany faced a mild decline. Prices of ONT Industrial Grade (99%) CIF Hamburg averaged USD 1768/MT, down 6.52% from the previous quarter. This drop happened because demand from the dye and pharmaceutical sectors softened slightly after strong activity at the end of 2023. At the same time, a few buyers delayed their orders, waiting for better price offers. On the supply side, production levels stayed normal, but lower feedstock costs added to the downward pressure on prices.
In Q1 2025, the ONT market experienced a drastic price fall. Prices of Industrial Grade (99%) FOB Nhava Sheva dropped to USD 1492.12 per metric ton, a precipitous 13.02% drop from Q4. This was because demand from all key downstream industries, especially agrochemicals and dyes, was weak during this period when the market entered a lean phase. Import volume rose, and some domestic producers discounted to dispose of old stocks, putting additional pressure. Market sentiment remained subdued, with ongoing production leading to a supply-demand mismatch that significantly impacted prices.
In Q4 2024, ONT prices for Industrial Grade (99%) FOB Nhava Sheva recovered at USD 1715.48 per metric ton, a 5.11% increase over Q3. This was driven by a resurgence in the dye and chemical sectors as they prepared for year-end orders and exports. The pharmacy sector also improved in consumption, contributing to the demand base. Raw materials such as toluene and nitric acid slightly improved, pushing production costs higher. This, in addition to greater offtake and programmed plant turnarounds, backed increased ONT prices.
By Q3 2024, prices of Industrial Grade (99%) FOB Nhava Sheva fell again to USD 1632.06 per metric ton, -1.62% on Q2. This was largely because of a tapering in agrochemical consumption following the end of the high application period. Export activity was also subdued with weakening global demand. While local production held at regular levels, the market grappled with larger inventory levels and weaker offtake. As a result, prices continued to face moderate downward pressure throughout the quarter.
During Q2 2024, India ONT prices for Industrial Grade (99%) FOB Nhava Sheva staged a slight comeback and rose to USD 1658.95 per metric ton, a paltry increase of 0.72% compared to Q1. The growth was primarily on account of better demand from the textile dyeing and pigment industries as summer season fabric production picked up. Agrochemical firms also started stock replenishment ahead of the monsoon crop season. On the supply side, production leveled off, while the modest tightness in inventories and purchasing activity assisted the market to come up slightly.
In Q1 2024, India’s Ortho Nitro Toluene (ONT) market witnessed a definite price fall. Prices of Industrial Grade (99%) FOB Nhava Sheva settled at USD 1647.11 per metric ton, registering a 10.95% fall from the last quarter. The primary cause of this decline was lower demand from agrochemical and dye industries. Most downstream plants held inventory from the close of 2023, which reduced fresh buying. Besides, the supply of lower-priced imported ONT and consistent feedstock supply kept the local market in tension, driving the prices down.
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Molecular Weight[g/mol]
CAS No
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Molecular Formula
Ortho Nitro Toluene (ONT) is a pale yellow, oily liquid with an aromatic odor, primarily used as an industrial chemical intermediate. It is an important raw material in the production of dyes, pigments, agrochemicals, and pharmaceuticals. ONT is produced by the nitration of toluene, using a mixture of nitric and sulfuric acids. It plays a vital role in the manufacture of azo dyes, pesticide intermediates, and rubber chemicals, making it essential in the textile, agriculture, and specialty chemical industries.
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.
| Physical Properties | |
| Density | 1.163 g/cm³ @ 20 °C |
| Flash point | 88 °C (Closed Cup) |
| Boiling point | 222 °C |
| Vapor pressure | 0.03 kPa @ 25 °C |
| Appearance | Yellow oily liquid with an aromatic odor |
Applications
Ortho Nitro Toluene (ONT) is mainly used as an essential chemical intermediate in the production of dyes, pigments, and agrochemicals. It serves as a key raw material for manufacturing azo dyes, which are widely used in the textile and printing industries. ONT is also important in the synthesis of pesticides and herbicides, playing a critical role in crop protection formulations. Additionally, it is used in the production of pharmaceuticals, especially for creating intermediates in drug manufacturing. Its strong nitrating and electron-withdrawing properties make it valuable in specialty chemical production, including rubber accelerators and photographic chemicals.
The price of Ortho Nitro Toluene (ONT) is primarily influenced by the costs of key feedstocks, such as toluene and nitric acid, which are essential in its production. Supply-demand dynamics, plant operating rates, and production disruptions also significantly impact pricing. In addition, geopolitical factors, regulatory changes, and transportation costs can create market fluctuations. As ONT is a critical raw material in the production of dyes, pharmaceuticals, and agrochemicals, changes in demand from downstream industries, including the chemical and agricultural sectors, can further drive pricing trends.
Global shifts in supply and demand have a direct influence on ONT prices. Increased demand from industries such as dye manufacturing, pharmaceuticals, or agrochemicals can drive prices higher, especially during times of tight supply. Conversely, excess supply from new production capacities or decreased demand from downstream sectors—such as during economic recessions—can lead to price reductions. Procurement professionals must closely track global production levels, plant maintenance schedules, and demand forecasts to predict price movements and adjust purchasing strategies accordingly.
ONT pricing varies across regions due to differences in feedstock availability, production capacity, local demand patterns, and logistics costs. For example, regions with robust chemical manufacturing infrastructure, such as North America and Europe, may experience more stable pricing, whereas markets in Asia may see more volatility due to fluctuating demand from key industries like textiles and pharmaceuticals. Procurement teams should carefully analyze regional price trends, trade flows, and supplier networks to identify strategic sourcing opportunities, diversify suppliers, and minimize risks associated with regional price volatility or supply disruptions.
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