Nitro Toluene prices in Asia stabilized by the mid of August xxxx owing to moderate recovery in agrochemicals and stagnated demand from pharmaceuticals and dyes. The prices have been stagnant for the last five weeks due to markets observing fewer trading sessions as global TDI and polyurethane markets have remained saturated with unsold inventories.
The prices of Nitro Toluene have been stagnant in Asia owing to moderate and softer growth in agrochemical section while major drivers like dyes/colorants were weaker due to lower consumption throughout the season as consumer spending remained under stress especially in China and South Korea. Toluene (upstream raw material of Nitro Toluene) spot prices eased by x.xx over the past four weeks due to weak demand concerns and elevated interest rates. Challenges in dyes and colorants as well as softening of pharma sector due to higher capacities has...
