In Asia, the dawn of 2023 brought about market rejuvenation as downstream industries sparked inquiries and increased production to meet demands, further aided by the Lunar New Year. Nitrobenzene prices surged initially, yet as inventory levels escalated and demands waned, prices slid downwards.
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Europe experienced akin trends due to soaring inflation and energy costs propelling prices upwards initially, followed by demand declines amidst economic challenges, leading to price descent. Similarly, North America encountered fluctuating prices mirroring downstream demand shifts.
Definition
Nitrobenzene is a chemical compound with the molecular formula C6H5NO2. It is a pale-yellow oily liquid with a distinct odor. Used primarily as an intermediate in the production of aniline and other chemicals, it has applications in industries including pharmaceuticals, dyes, pesticides, and explosives due to its versatile chemical properties.
Key Details About the Nitrobenzene Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Nitrobenzene in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Nitrobenzene Price Trends, including India Nitrobenzene price, USA Nitrobenzene price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Nitrobenzene Price Trend:
Nitrobenzene plays pivotal roles in various industries. It serves as a precursor for aniline, a fundamental compound in dye production. In addition, it finds application in manufacturing pharmaceuticals, pesticides, and explosives. Its versatility extends to the synthesis of chemicals essential for sectors such as electronics and plastics.
Key Players:
- BASF SE
- The Chemours Company (DuPont)
- Covestro AG
- Huntsman International LLC
- Wanhua
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