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Pyridine Price Trend and Forecast

UNSPC code: 12352004
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⟳ Weekly Update
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Historical Data Since 2015
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Forecast for 2026

pyridine Price Trends by Country

inIndia
cnChina
myMalaysia
gbUnited Kingdom
idIndonesia
deGermany

Global pyridine Spot Market Prices, Trend Analysis and Forecast

Price Watch™ provides real-time price assessments and price forecasts for Pyridine across top trading regions:   

Pyridine Regional Coverage Pyridine Grade and Country Coverage Pyridine Pricing Data Coverage Explanation
Asia Pyridine Pricing Analysis Pyridine IG (99.5% min) FOB at JNPT Port, India Weekly Price Update on Pyridine Real-Time Export Prices from JNPT Port, India to Global Markets
Pyridine IG (99.5% min) Ex-West India Domestic Prices, India Real-Time Weekly Price Update of Pyridine Domestic Prices in West India, India
Pyridine IG (99.5% min) CIF Prices at Shanghai Port, China, Importing from India Weekly Price Update on Pyridine Real-Time Import Prices at Shanghai Port, China from India
Pyridine IG (99.5% min) CIF Prices at Jakarta Port, Indonesia, Importing from India Weekly Price Update on Pyridine Real-Time Import Prices at Jakarta Port, Indonesia from India
Pyridine IG (99.5% min) CIF Prices at Penang Port, Malaysia, Importing from India Weekly Price Update on Pyridine Real-Time Import Prices at Penang Port, Malaysia from India
Europe Pyridine Pricing Analysis Pyridine IG (99.5% min) CIF Prices at Hamburg Port, Germany, Importing from India Weekly Price Update on Pyridine Real-Time Import Prices at Hamburg Port, Germany from India
Pyridine IG (99.5% min) CIF Prices at Southampton Port, United Kingdom, Importing from India Weekly Price Update on Pyridine Real-Time Import Prices at Southampton Port, United Kingdom from India

Note: In assessments structured as CIF [Importing Port] (Exporting Country), the country mentioned in brackets indicates the primary origin of supply (exporting country), while the named port refers to the destination port in the importing country. Other Incoterms (FOB, FD, EXW, etc.) should be interpreted in accordance with standard international trade definitions.

Pyridine Price Trend Q1 2026

In Q1 2026, the global pyridine market experienced a decline in pricing, reversing the gains seen in the previous quarter. Price movements ranged from a modest -5% to -15% across regions. The markets in the United Kingdom, Malaysia, Indonesia, and Germany faced notable downward pressure, driven by weaker-than-expected demand from key downstream sectors such as agrochemicals and pharmaceuticals.

This slowdown is largely attributed to reduced consumption and cautious inventory management amid ongoing global economic uncertainties. India’s FOB pyridine prices also saw a decrease, reflecting lower domestic demand and an oversupplied market.

On the supply side, feedstocks like formaldehyde and ammonia remained stable, but the oversupply of pyridine from China and competition in global markets, particularly from competitive imports, led to downward pricing pressure. Overall, market conditions are subdued in Q1 2026, with a cautious procurement outlook, soft industrial demand, and regional supply imbalances continuing to influence pricing trends.

India: (Pyridine export prices FOB Nhava Sheva, India; Grade- Industrial Grade (99.5% min)

According to Price-Watch™, in Q1 2026, the Pyridine price trend in India has declined by 4.00% as compared to the previous quarter average on an FOB basis, reflecting a modest price correction from the relatively firm levels recorded during the preceding quarter alongside a measured pullback in international export demand from key pharmaceutical, agrochemical, and specialty chemical importing destinations.

The market has experienced a cautiously subdued trading environment as overseas buyers have adopted conservative inventory replenishment strategies and deferred discretionary procurement amid prevailing macroeconomic uncertainties and softer end-use sector demand across major importing regions.

Pyridine prices in India have faced persistent yet moderate downward pressure throughout the quarter, with domestic production remaining broadly adequate to meet softened export demand and limiting any meaningful FOB price recovery.

In March 2026, Pyridine price in India has recovered by 6.00% as compared to the previous month average, largely due to supply disruptions triggered by the Middle East war, which has constrained key raw material availability and driven export freight and logistics costs noticeably higher.

Tightening export supply availability, renewed procurement urgency from international buyers, and escalating logistical bottlenecks have collectively supported a meaningful short-term price rebound for Pyridine in India during this period.

United Kingdom (CIF from India): (Pyridine Import prices CIF Southampton, United Kingdom; Grade- Industrial Grade (99.5% min)

In Q1 2026, the Pyridine price trend in United Kingdom has declined by 5.00% as compared to the previous quarter average on a CIF basis, reflecting a meaningful correction from the modestly firm import price levels recorded during the preceding quarter alongside a cautious and deliberate pullback in downstream procurement confidence across key domestic consuming industries.

The market has experienced a broadly subdued and risk-averse import trading environment as British buyers have embraced conservative inventory management approaches, systematically deferring purchases amid persistent macroeconomic headwinds, post-Brexit trade cost uncertainties, softer end-use sector demand from domestic pharmaceutical and agrochemical industries, and comfortable competing import supply availability from multiple international exporting origins.

Pyridine prices in United Kingdom have remained under consistent and broad-based downward pressure throughout the quarter, with adequate CIF import supply from key supplying regions continuing to suppress landed valuations and prevent any sustained price recovery attempt.

In March 2026, Pyridine price in United Kingdom has rebounded notably by 7.00% as compared to the previous month average, largely due to significant supply disruptions directly triggered by the escalating Middle East war, which has considerably constrained raw material availability across major exporting regions and driven transoceanic CIF freight and logistics costs to materially elevated levels.

Acute global logistical bottlenecks, tightening import supply pipelines from key Indian and Chinese producers, and a decisive resurgence in procurement urgency among British importers have collectively generated meaningful and sustained short-term price recovery momentum for Pyridine in United Kingdom during this period.

China (CIF from India): (Pyridine Import prices CIF Shanghai, China; Grade- Industrial Grade (99.5% min)

In Q1 2026, the Pyridine price trend in China has declined by 6.00% as compared to the previous quarter average on an FOB basis, reflecting a meaningful correction from the marginally firm price levels recorded during the preceding quarter alongside a cautious and broad-based pullback in both domestic and international downstream procurement confidence.

The market has experienced a persistently subdued and risk-averse trading environment as domestic Chinese buyers and international importers have adopted highly conservative inventory management strategies, systematically deferring purchases amid prevailing macroeconomic uncertainties, weakened downstream pharmaceutical and agrochemical sector demand, and comfortable domestic production supply levels continuing to weigh on FOB export valuations.

Pyridine prices in China have remained under consistent and broad-based downward pressure throughout the quarter, with adequate domestic production capacity and sufficient export supply availability from Chinese manufacturers continuing to suppress FOB price levels and limit any meaningful or sustained market recovery.

In March 2026, Pyridine price in China has nudged higher by 4.00% as compared to the previous month average, largely due to emerging supply disruptions triggered by the escalating Middle East war, which has constrained key upstream raw material availability and driven export freight and logistics costs incrementally higher across major international trade lanes.

Gradually tightening export supply conditions, modest resurgence in international procurement inquiries, and increasing logistical bottlenecks have collectively supported a measured yet meaningful short-term price recovery for Pyridine in China during this period.

Indonesia (CIF from India): (Pyridine Import prices CIF Jakarta, Indonesia; Grade- Industrial Grade (99.5% min)

In Q1 2026, the Pyridine price trend in Indonesia has declined by 6.00% as compared to the previous quarter average on a CIF basis, reflecting a notable correction from the marginally firm import price levels recorded during the preceding quarter alongside a cautious and systematic pullback in downstream procurement confidence across key domestic consuming industries.

The market has experienced a broadly subdued and risk-averse import trading environment as Indonesian buyers have embraced highly conservative inventory management strategies, deliberately deferring purchases amid persistent macroeconomic uncertainties, currency volatility concerns, softened end-use sector demand from domestic pharmaceutical and agrochemical industries, and comfortable competing import supply availability from multiple international exporting origins including India and China.

Pyridine prices in Indonesia have remained under consistent and broad-based downward pressure throughout the quarter, with sufficient CIF import supply from key supplying regions continuing to suppress landed valuations and prevent any meaningful or sustained price recovery attempt in the domestic market.

In March 2026, Pyridine price in Indonesia has recovered modestly by 4.00% as compared to the previous month average, largely due to emerging supply disruptions directly triggered by the escalating Middle East war, which has incrementally constrained raw material availability across major exporting regions and driven transoceanic CIF freight and logistics costs to noticeably elevated levels across key Asian trade routes.

Gradually tightening import supply pipelines, a measured resurgence in procurement urgency among Indonesian importers, and increasing regional logistical bottlenecks have collectively supported a modest yet meaningful short-term price recovery for Pyridine in Indonesia during this period.

Malaysia (CIF from India): (Pyridine Import prices CIF Penang, Malaysia; Grade- Industrial Grade (99.5% min)

In Q1 2026, the Pyridine price trend in Malaysia has declined by 6.00% as compared to the previous quarter average on a CIF basis, reflecting a notable correction from preceding quarter levels alongside a cautious pullback in downstream procurement confidence.

The market has experienced a broadly subdued trading environment as Malaysian importers have adopted conservative inventory strategies, deferring purchases amid macroeconomic uncertainties and comfortable import supply availability from India and China.

Pyridine prices in Malaysia have remained under consistent downward pressure throughout the quarter. In March 2026, Pyridine price in Malaysia has recovered modestly by 4.00% as compared to the previous month average, driven by Middle East war supply disruptions, elevated freight costs, and renewed procurement urgency among Malaysian importers.

Germany (CIF from India): (Pyridine Import prices CIF Hamburg, Germany; Grade- Industrial Grade (99.5% min)

In Q1 2026, the Pyridine price trend in Germany has declined by 6.00% as compared to the previous quarter average on a CIF basis, reflecting a meaningful price correction alongside a deliberate pullback in downstream procurement confidence across domestic consuming industries.

The market has experienced a broadly subdued trading environment as German importers have adopted conservative inventory strategies, deferring purchases amid macroeconomic headwinds, sluggish industrial demand, and comfortable competing import supply from India and China.

Pyridine prices in Germany have remained under persistent downward pressure throughout the quarter. In March 2026, Pyridine price in Germany has recovered by 4.00% as compared to the previous month average, driven by Middle East war supply disruptions, elevated CIF freight costs, and renewed procurement urgency among German importers.

Pyridine Price Trend Analysis: Q4 2025

In Q4 2025, the global pyridine market showed a positive uptick, reversing the previous quarter’s performance with a steady rise in prices, particularly in regions dependent on imports from China.

Markets in the United Kingdom, Malaysia, Indonesia, and Germany experienced a significant rebound, driven by improving demand from key downstream industries, including agrochemicals and pharmaceuticals, which are major consumers of pyridine derivatives.

Formaldehyde and ammonia, key feedstocks for pyridine production, remained stable, ensuring consistent supply. In contrast, India’s FOB pyridine prices showed a moderate increase, reflecting strong domestic demand and improved market conditions.

This uptick is also supported by tighter supply from China, where production constraints and a shift in export strategies led to reduced availability, contributing to upward price pressures.

Despite competitive imports, regional supply-demand dynamics and improving consumption across sectors helped maintain a favourable pricing trend globally, marking a recovery in the pyridine market for the quarter.

India: (Pyridine export prices FOB Nhava Sheva, India; Grade- Industrial Grade (99.5% min)

In Q4 2025, the Pyridine price trend in India has recorded a moderate increase of 4.00% as compared to the previous quarter average on an FOB basis, driven by gradually firming feedstock cost pressures and steady export demand from key international buying destinations across pharmaceutical, agrochemical, and specialty chemical consuming sectors.

The market has displayed measured upward momentum as Indian producers have faced incrementally tightening raw material availability, lending consistent support to prevailing FOB price levels throughout the quarter.

Pyridine prices in India have maintained a cautiously bullish trajectory, underpinned by healthy export inquiry volumes and relatively constrained domestic production capacity additions. Export order books have remained adequately filled, supporting producer pricing confidence during this period.

In December 2025, Pyridine price in India has eased by 2.00% as compared to the previous month average, reflecting a seasonal deceleration in international export demand and deliberate inventory destocking among overseas buyers approaching the year-end period.

Softer procurement appetite from key pharmaceutical and agrochemical importing destinations alongside modest easing in feedstock costs have collectively exerted mild downward pressure on Pyridine prices in India during the final month of this quarter.

United Kingdom (CIF from India): (Pyridine Import prices CIF Southampton, United Kingdom; Grade- Industrial Grade (99.5% min)

In Q4 2025, the Pyridine price trend in United Kingdom has edged higher by 2.00% as compared to the previous quarter average on a CIF basis, driven by mildly firming import freight costs, gradual upstream feedstock cost pressures, and steady procurement demand from domestic pharmaceutical, agrochemical, and specialty chemical manufacturing sectors.

The market has displayed restrained yet positive upward momentum as British importers have maintained consistent replenishment activity amid modest concerns over import supply availability from key exporting origins, particularly India and China.

Pyridine prices in United Kingdom have held a cautiously constructive trajectory throughout the quarter, supported by stable import order flows and incrementally rising CIF landed valuations from principal supplying regions. Domestic inventory positions have remained lean enough to sustain measured buying interest among downstream consumers.

In December 2025, Pyridine price in United Kingdom has slipped by 3.00% as compared to the previous month average, reflecting a pronounced seasonal slowdown in domestic import procurement activity and systematic inventory destocking undertaken by pharmaceutical and agrochemical manufacturers approaching the year-end holiday period.

Softening global export prices from competing supplying origins and considerably reduced procurement urgency have jointly exerted noticeable downward pressure on Pyridine prices in United Kingdom during the closing month of this quarter.

China (CIF from India): (Pyridine Import prices CIF Shanghai, China; Grade- Industrial Grade (99.5% min)

In Q4 2025, the Pyridine price trend in China has registered a modest increase of 2.00% as compared to the previous quarter average on an FOB basis, driven by incrementally firming upstream feedstock cost pressures and gradually recovering export demand from key international pharmaceutical, agrochemical, and specialty chemical importing destinations.

The market has displayed cautiously positive upward momentum as Chinese producers have maintained consistent export order flows amid modest concerns over domestic raw material availability and gradually tightening production economics.

Pyridine prices in China have held a marginally constructive trajectory throughout the quarter, supported by stable domestic demand from downstream consuming industries and incrementally rising FOB export valuations from principal Chinese production hubs.

Domestic inventory positions have remained broadly manageable, sustaining measured producer confidence and preventing any significant price deterioration during the early part of this quarter.

In December 2025, Pyridine price in China has retreated by 4.00% as compared to the previous month average, reflecting a sharp seasonal deceleration in both domestic procurement activity and international export demand alongside deliberate inventory destocking by downstream buyers approaching the year-end period.

Softening domestic consumption, easing feedstock cost pressures, and considerably reduced export procurement urgency have collectively applied notable downward pressure on Pyridine prices in China during the closing month of this quarter.

Indonesia (CIF from India): (Pyridine Import prices CIF Jakarta, Indonesia; Grade- Industrial Grade (99.5% min)

In Q4 2025, the Pyridine price trend in Indonesia has edged upward by 2.00% as compared to the previous quarter average on a CIF basis, driven by moderately firming import freight costs, gradual upstream feedstock cost pressures from key exporting origins, and steady procurement demand from domestic pharmaceutical, agrochemical, and specialty chemical manufacturing sectors.

The market has displayed cautiously positive upward momentum as Indonesian importers have maintained consistent replenishment activity amid modest concerns over import supply availability from principal exporting origins, particularly India and China.

Pyridine prices in Indonesia have sustained a marginally constructive trajectory throughout the quarter, supported by stable CIF import valuations and adequate yet measured buying interest from domestic downstream consuming industries.

Local inventory positions have remained sufficiently lean to sustain consistent import procurement activity and prevent any significant price deterioration during the early and middle portions of this quarter.

In December 2025, Pyridine price in Indonesia has pulled back by 4.00% as compared to the previous month average, reflecting a pronounced seasonal deceleration in domestic import procurement activity and deliberate inventory destocking undertaken by pharmaceutical and agrochemical manufacturers approaching the year-end holiday period.

Softening global export prices from competing supplying origins and considerably diminished procurement urgency among Indonesian importers have jointly exerted meaningful downward pressure on Pyridine prices in Indonesia during the closing month of this quarter.

Malaysia (CIF from India): (Pyridine Import prices CIF Penang, Malaysia; Grade- Industrial Grade (99.5% min)

In Q4 2025, the Pyridine price trend in Malaysia has edged upward by 2.00% as compared to the previous quarter average on a CIF basis, driven by moderately firming import freight costs and steady procurement demand from domestic pharmaceutical and agrochemical manufacturing sectors.

The market has displayed cautiously positive momentum as Malaysian importers have maintained consistent replenishment activity amid modest supply tightness concerns from key exporting origins. Pyridine prices in Malaysia have held a marginally constructive trajectory throughout the quarter, supported by stable CIF valuations.

In December 2025, Pyridine price in Malaysia has retreated by 4.00% as compared to the previous month average, reflecting seasonal demand deceleration and deliberate inventory destocking by downstream manufacturers approaching year-end, collectively suppressing Pyridine prices in Malaysia.

Germany (CIF from India): (Pyridine Import prices CIF Hamburg, Germany; Grade- Industrial Grade (99.5% min)

In Q4 2025, the Pyridine price trend in Germany has registered a negligible increase of 1.00% as compared to the previous quarter average on a CIF basis, driven by mildly firming import freight costs and modest procurement demand from domestic pharmaceutical and agrochemical manufacturing sectors.

The market has displayed restrained upward momentum as German importers have maintained cautious replenishment activity amid broadly balanced import supply conditions from key exporting origins. Pyridine prices in Germany have held a marginally stable trajectory throughout the quarter.

In December 2025, Pyridine price in Germany has slipped by 4.00% as compared to the previous month average, reflecting pronounced seasonal demand deceleration and systematic inventory destocking by downstream manufacturers, collectively pressuring Pyridine prices in Germany toward quarter-end.

During the third quarter of 2025, the global Pyridine market demonstrated moderate growth, as prices rose approximately 2-5% from the previous quarter. This growth was primarily driven by stable demand from key Pyridine-consuming sectors, which included agrochemicals which use Pyridine to produce herbicides and insecticides. In addition, increased consumption of Pyridine in the pharmaceutical sector, where Pyridine is an important intermediate in drug synthesis, supported rising prices.

Other positive factors included stable raw materials required for production and some recovery in international supply chains. While some regional logistical transportation challenges continue to exist, the market was overall stable and responsive.

As global production capacity continues to expand, and stable demand from key industries holds true, the Pyridine price trend is expected to maintain its growth trends in the next quarter.

India: Pyridine export prices FOB Nhava Sheva, India, Grade- Industrial Grade (99.5% min).

According to Price-Watch, in Q3 2025, Pyridine price in India saw an increase of 4.71%, in relation to Q2 2025. Pyridine price trend in India was based on stable demand shown in consistent production from the pharmaceutical and chemical sectors despite global uncertainties. Greater production costs of its feedstock and rising freight rates added pressure to higher prices.

As of September 2025, Pyridine prices in India still expressed a positive growth trajectory which reflected steady demand and underlying constraints in supply. Q4 2025 and into Q1 2026 would expect this price growth to continue as long as that demand remained strong and feedstock costs continued to increase.

United Kingdom (CIF from India): Pyridine Import prices CIF Southampton, United Kingdom, Grade- Industrial Grade (99.5% min).

During Q3 2025, Pyridine prices witness a price hike of 5.74% from Q2 2025 levels in the United Kingdom. Pyridine price trend in the UK is supported by solid demand levels from the chemical and pharmaceutical industries, which continue to support consistent production levels. There was also upward price momentum due to increasing feedstock costs and increasing freight costs from India.

In September 2025, Pyridine prices continued to trend upward in the United Kingdom due to tight supply and healthy demand levels for Pyridine. The forward-looking landscape for the upcoming quarter is likely to see continued increases in pricing due to steady demand levels and upward pressure from feedstock and transportation costs.

China (CIF from India): Pyridine Import prices CIF Shanghai, China, Grade- Industrial Grade (99.5% min).

According to Price-Watch, in the third quarter of 2025, Pyridine prices in China rose by 5.02% compared to the second quarter of 2025. The Pyridine price trend in China was sustained from its previous Q2 quarter, by firm offtake in agricultural and chemical applications, which have continued to operate, despite the persistent challenges of supply chain disruptions.

The rise in price has also been driven by rising feedstock prices and increasing freight prices from India. By September 2025, the Pyridine price in China remained at elevated levels due to solid downstream demand. Looking ahead, the price will likely remain robust due the continuation of strong demand from key consumer industries and the global nature of feedstock and shipping price increases.

Indonesia (CIF from India): Pyridine Import prices CIF Jakarta, Indonesia, Grade- Industrial Grade (99.5% min).

In the third quarter of 2025, Pyridine prices in Indonesia increased by 5.02% compared to the second quarter of 2025. Pyridine price trend in Indonesia experienced in Indonesia since the first quarter of 2025 were driven by continued end-user demand from the chemical and pharmaceutical sectors, which experienced continued production volumes. Price increases were attributed to rising costs of feedstocks while applying upward pressure on the supply curve. Additionally, freight rates from India added upward pressure on prices.

In September 2025, Pyridine prices in Indonesia continued a trend upward, and prices were based on strong demand while the supply was constrained. The expectations for Pyridine prices in the fourth quarter of 2025 are for prices to remain stable, but prices will continue to respond to increased costs for feedstock and freight.

Malaysia (CIF from India): Pyridine Import prices CIF Penang, Malaysia, Grade- Industrial Grade (99.5% min).

In the third quarter of 2025, Pyridine prices in Malaysia went up by 5.00% from the previous quarter. Pyridine price trend in Malaysia was mainly driven by strong demand from pharmaceutical and agricultural markets, which helped to maintain consistent production levels. Further price increases were also supported by higher feedstock costs, particularly propylene and increasing freight to Malaysia from India.

September 2025 Pyridine prices in Malaysia continued to rise amidst stable demand and tight supply conditions. Price projections for the next quarter indicate higher prices are likely to remain even if demand from key sectors remain strong, as feedstock costs are anticipated to continue to increase.

Germany (CIF from India): Pyridine Import prices CIF Hamburg, Germany, Grade- Industrial Grade (99.5% min).

During the third quarter of 2025, Pyridine prices in Germany rose 5.51% compared with the prior quarter, continuing an upward trajectory. Pyridine price trend in Germany was supported by stable demand from the pharmaceutical and chemical industries, which continued production amid a rigid supply chain fundamentals. In addition to stable demand, improved pricing related to rising feedstock prices, namely propylene, alongside increased freight rates from India also drove sales prices up.

September 2025 saw prices for Pyridine continue on their upward trend, reflecting strong demand amidst tightening supply. The outlook for the market in the next quarter witnesses prices will continue to rise, and that prices will remain high unless there is a significant change in the availability of feedstock or freight.

According to the Price-Watch, Pyridine prices from India (FOB) decreased by 5.77% to 2719 USD per MT in Q2 2025. The price trend reflected reduced demand from key downstream industries, including pharmaceuticals and agrochemicals, which typically experience a slowdown mid-year.

The decrease was further supported by softening feedstock prices, particularly for coal and petroleum derivatives, which are integral to Pyridine production.

Additionally, the CIF price trend in South Korea, importing from both China and Thailand, followed a similar decline, showing a decrease in Pyridine prices due to weaker demand and high inventory levels.

The domestic market in India saw a corresponding dip, with less export activity during the second quarter, which is generally marked by slower industrial activity. In comparison to Q1 2025, this price decline indicated a cooling market, with seasonal factors and low industrial production rates contributing to the lower pricing trend. 

According to the PriceWatch, Pyridine prices from India (FOB) increased by 4.89% to 2885 USD per MT in Q1 2025. The price trend was largely influenced by a rebound in demand from the pharmaceutical and agrochemical sectors, which traditionally experience a surge at the beginning of the year. The feedstock market remained stable, and the increase in prices was supported by strong export demand.

South Korea, importing from China and Thailand, also experienced an increase in CIF prices, with both regions seeing an uptick due to stronger demand. The Q1 2025 price growth could also be attributed to the global economic recovery and a rise in production levels, which helped support the price increases.

In comparison to Q4 2024, the price rise signaled a healthy recovery after the prior quarter’s dip, with global and regional markets showing stronger confidence in Pyridine’s demand. 

Pyridine Price Trend Analysis: Q4 2024

According to the PriceWatch, Pyridine prices from India (FOB) rose by 2.36% to 2751 USD per MT in Q4 2024. The price trend showed a moderate increase compared to the previous quarter, driven by steady demand from downstream pharmaceutical and agrochemical industries, which tend to increase production before the year-end. Feedstock prices for coal and petroleum remained stable, contributing to this gradual rise in prices.

In South Korea, the CIF price trend mirrored the upward movement, with imports from China and Thailand seeing a corresponding increase. The Q4 2024 price rise can be attributed to both seasonal demand increases and a more stable global supply chain, which helped facilitate smoother trade flows.

Compared to Q3 2024, the increase in prices was relatively modest, but it highlighted the recovery in the Pyridine market, driven by steady production rates and a seasonal uptick in industrial activities. 

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. 

According to the PriceWatch, Pyridine prices from India (FOB) increased by 2.09% to 2687 USD per MT in Q3 2024. The price trend showed a small but positive shift due to a recovery in demand from key downstream sectors, such as agrochemicals and the pharmaceutical industry. The feedstock market remained relatively stable, with minor fluctuations in coal and petroleum costs. South Korea’s CIF price also showed a slight increase, as imports from China and

Thailand remained steady due to moderate demand from the domestic market. The comparative price increase from Q2 2024 indicates a seasonal recovery in production and consumption, as industries started to ramp up after the slower second quarter. While the growth was modest, it was a clear indication of market stabilization, as both supply chains and demand improved compared to the preceding quarter. 

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. 

According to the PriceWatch, Pyridine prices from India (FOB) decreased by 12.72% to 2632 USD per MT in Q2 2024. The price trend was primarily driven by reduced demand from the agrochemical and pharmaceutical sectors, which tend to experience a dip in activity during mid-year.

The feedstock market also saw some softening, which contributed to the overall price decline. In South Korea, the CIF price trend mirrored the price fall from India, with imports from China and Thailand showing a decline due to the weakened demand and oversupply concerns.

The Q2 2024 decrease in prices was reflective of typical seasonal fluctuations, where industrial production slows down in the middle of the year. Compared to Q1 2024, the decline in prices highlighted a cooling market, with seasonal and economic factors contributing to lower demand and production during the quarter. 

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. 

According to the PriceWatch, Pyridine prices from India (FOB) decreased significantly by 22.86% to 3016 USD per MT in Q1 2024. The sharp drop in prices was largely driven by a slump in demand from downstream pharmaceutical and agrochemical industries, which traditionally see weaker activity after the holiday season.

Additionally, the feedstock market saw a decline in coal and petroleum prices, contributing to the overall price reduction. In South Korea, imports from both China and Thailand followed a similar price trend, reflecting the global downturn in demand and pricing pressures.

Compared to Q4 2023, the Q1 2024 drop was significant, highlighting the market’s adjustment after the peak season in the previous quarter. Despite the downturn, India’s export market remained steady, although the reduced prices indicated the challenges faced by both global and regional markets during this period. 

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. 

Technical Specifications of Pyridine Price Trends

Product Description

Pyridine is a colorless to yellow liquid synthesized primarily from acetaldehyde, formaldehyde, and ammonia as feedstocks. Known for its characteristic odor, 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.

Identifiers and Classification:

  • CAS No – 110-86-1
  • HS Code – 29333100
  • Molecular Formula – C5H5N
  • Molecular Weight (in gm/mol) – 79.1


Pyridine Synonyms:

  • Azabenzene
  • Azine


Pyridine Grades Specific Price Assessment:

  • Industrial Grade (99.5% min)


Pyridine Global Trade and Shipment Terms

  • Quotation Terms (Product & Country Specific): 25-28 MT, 10-15 MT
  • Packaging Type (Product & Country Specific): ISO Tank, Drum


Incoterms Referenced in Pyridine Price Reporting

Shipping Term  Location  Definition 
FOB Nhava Sheva  Nhava Sheva  Pyridine Export price from India 
CIF Southampton (India)  Southampton, United Kingdom  Pyridine import price in United Kingdom from India 
CIF Shanghai (India)  Shanghai, China  Pyridine import price in China from India 
CIF Jakarta (India)  Jakarta, Indonesia    Pyridine import price in Indonesia from India 
CIF Penang (India)  Penang, Malaysia  Pyridine import price in Malaysia from India 
CIF Hamburg (India)  Hamburg, Germany  Pyridine import price in Germany from India 
Ex-West India  West India   Domestically Traded Pyridine price in West India  

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

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

Key Pyridine Manufacturers

Manufacturer 
Jubilant Ingrevia  
Resonance Specialities 

Pyridine Industrial Applications

pyridine market share end use

Historically, several events have caused significant fluctuations in Pyridine prices

  • Russia-Ukraine Conflict (2022-Present): The Russia-Ukraine conflict, which began in 2022, has had a profound impact on global supply chains, leading to significant fluctuations in butyl pyridine prices. Key factors include: 

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. 

  • COVID-19 Pandemic (2020):  

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. 

  • Geopolitical Tensions (2018-2019):  

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.

Why Price Watch™?

Price Watch™ 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, Price Watch™ 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 pyridine prices worldwide. Stay ahead of the curve with Price Watch’s™ reliable, accurate, and timely pyridine market data.

Track Price Watch'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.

Pyridine Market Price Trend published by Price Watch™ 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 Watch™ assumes no liability for decisions taken based on this information.

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.

Pyridine is an organic heterocyclic compound commonly used in the manufacturing of agrochemicals, pharmaceuticals, and solvents. It plays an essential role in producing pesticides, herbicides, and veterinary drugs. The price of pyridine is crucial because it directly impacts production costs in these industries.

Fluctuations in pyridine prices can influence the pricing of end products in agriculture, pharmaceuticals, and chemical manufacturing, ultimately affecting the supply chains and overall cost structures of businesses in these sectors. Understanding price trends helps companies to make informed purchasing decisions and manage operational costs effectively.

Pyridine prices fluctuate depending on region, market demand, and supply dynamics. Prices are typically quoted per metric ton and can vary based on factors such as feedstock costs, regional availability, and import/export trends.

Price-Watch™ provides real-time price assessments for pyridine across various global markets, allowing buyers and sellers to make informed purchasing decisions based on the most accurate and up-to-date pricing data available.

The market for pyridine has seen consistent fluctuations, driven by factors such as feedstock costs, demand from key downstream industries, and geopolitical events. Key industries like agrochemicals, pharmaceuticals, and solvents drive the demand for pyridine, influencing price trends.

Additionally, energy costs, production capacity utilization, and feedstock availability can directly impact pyridine prices. In times of higher demand or supply disruptions, prices tend to rise, whereas periods of low consumption can result in price decreases. Supply chain dynamics and fluctuations in the broader chemical market also play an essential role in shaping pricing trends.

The largest consumers of pyridine are industries involved in the production of agrochemicals, pharmaceuticals, and solvents. Pyridine is a key component in the production of pesticides and herbicides, where it is used as an intermediate in chemical synthesis.

It is also extensively used in pharmaceutical formulations for creating active ingredients. Additionally, pyridine serves as a solvent in the chemical manufacturing and rubber industries. These sectors account for the majority of pyridine consumption globally, significantly influencing market demand and pricing.

Pyridine is primarily produced through the cyclization of 3-cyanopyridine, a process involving the reaction of various precursors, including nicotinic acid or acetaldehyde. The compound is typically produced in petrochemical facilities, often as a by-product in the manufacture of other chemicals like pyridine bases and nicotine derivatives.

The largest production hubs for pyridine are in regions with established chemical and agrochemical industries, such as China, India, and parts of Europe, where it is synthesized in large-scale chemical plants for global distribution.

The largest exporters of pyridine include China, India, and Germany, all of which have established chemical production industries. China is particularly dominant, as it has a robust manufacturing sector and significant pyridine production capacity, supplying large quantities to global markets. India also plays a vital role in pyridine exports, driven by its growing agrochemical and pharmaceutical industries.

Germany serves as a major exporter in Europe, providing pyridine to neighboring markets and beyond. Export volumes can vary based on regional supply demand imbalances, logistical costs, and global production trends. Price-Watch™ tracks production levels, export flows and trade patterns to help businesses understand global supply chains and identify sourcing opportunities.

Currently, there is sufficient production capacity to meet global pyridine demand. However, regional imbalances can occur due to fluctuations in feedstock availability, production disruptions, or unexpected surges in demand from agrochemical or pharmaceutical sectors. Planned or unplanned plant maintenance, as well as transportation issues, can cause localized shortages.

Major producers in China, India, and Europe typically have the capacity to adjust their supply levels based on changing demand, though temporary shortages can occur during peak seasons or following significant production disruptions. Price-Watch™ monitors these supply-demand imbalances to alert the market about potential shortages or surpluses.

Pyridine is available in different grades, including industrial-grade and pharmaceutical-grade. The primary difference between these grades is the purity level. Industrial-grade pyridine is typically used in agrochemical production and has a lower purity, while pharmaceutical-grade pyridine is highly refined and complies with strict regulatory standards for use in drug formulations. Prices differ based on the purity, application, and production standards required.

Higher-purity grades generally command a premium due to the more rigorous production and quality control processes needed for their production. Price-Watch™ provides separate price assessments for different delivery bases and contract types to ensure market transparency.

When demand for pyridine increases suddenly, prices typically rise due to pressure on supply chains. This surge can occur when there is an uptick in demand from the agrochemical, pharmaceutical, or solvents sectors.

The increase in demand can strain existing production capacities, and suppliers may prioritize long-term contract customers, leaving spot buyers to face higher prices and longer lead times.

In cases of sustained high demand, producers may increase production, but this takes time and may require additional investments in capacity. Price-Watch™ captures these market dynamics in real-time, providing businesses with insights into sudden price shifts.

Energy prices have a significant impact on the cost of producing pyridine, as its production process is energy intensive. When energy prices rise, particularly for natural gas and electricity, the cost of manufacturing pyridine increases.

These higher production costs are often passed on to consumers in the form of higher prices. Additionally, fluctuations in global energy markets can influence the cost of feedstocks used in pyridine production, as well as transportation costs.

Price Watch™ analyzes these relationships to provide businesses with a better understanding of how energy price fluctuations impact pyridine pricing. Price Watch™ analyzes these relationships in its price assessments & market reports.

Regional price differences for pyridine arise from a combination of factors, including local production capacities, feedstock availability, transportation costs, and logistical challenges. Regions with large-scale pyridine production, such as China and India, often experience lower prices due to lower operational costs and proximity to feedstock supplies.

Conversely, areas that rely heavily on imports or face logistical challenges, such as shipping and tariffs, tend to have higher prices. Additionally, differences in energy prices, demand balances, and regulatory conditions also contribute to regional pricing variations. Price-Watch™ tracks these regional price differences to provide a comprehensive overview of global pyridine pricing.

The forecast for pyridine prices suggests moderate growth in the medium term, driven by steady demand from key sectors like agrochemicals, pharmaceuticals, and solvents. While production capacity remains sufficient to meet demand, price fluctuations may arise due to changes in feedstock prices, energy costs, and global supply chain dynamics.

Geopolitical tensions, particularly in regions that are major suppliers of raw materials, could also impact prices. Overall, the pyridine market is expected to remain relatively stable, with some volatility driven by seasonal demand cycles and potential disruptions in production or logistics. Price-Watch™ provides detailed forecasts based on a comprehensive analysis of market conditions.

Absolutely. Accurate price forecasting allows businesses to optimize purchasing decisions, secure better contract terms, and budget more effectively. If Price-Watch™ forecasts a price increase in the near term, businesses can decide to stock up on pyridine or lock in long-term contracts at current rates, potentially saving on future costs. Forecasting also helps businesses plan their procurement strategies, manage risks, and stay competitive in the market.

Global events such as natural disasters, feedstock supply disruptions, geopolitical tensions, and trade policies can significantly impact pyridine supply and pricing. For instance, geopolitical events that disrupt crude oil and natural gas markets can lead to higher feedstock costs, affecting pyridine production.

Trade disputes or transportation disruptions can also create logistical challenges, leading to supply shortages or price increases. Additionally, major production plant outages, due to accidents or maintenance, can reduce supply, leading to price spikes. Price-Watch™ provides timely alerts when such events affect pyridine markets.

Price-Watch™ 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 pyridine industry, covering various grades and specifications across global markets.

Access Real-Time Pyridine Price Trends
Access Real-Time Pyridine Price Trends