China Nitrobenzene Prices Hold Steady as Cost Support Meets Weak Demand

China nitrobenzene prices showed a moderate downward drift in the first week of August before stabilizing. By the final week, nitrobenzene spot prices held at unchanged week-on-week. The market moved sideways after an early dip, reflecting balanced cost support and weak demand. Demand was muted across downstream sectors. The aniline/MDI polyurethane chain remained weak due to soft construction activity. Appliance and construction applications showed limited buying. Export shipments provided some support, while Indian buyers-controlled inventories. Intermittent restocking pockets emerged but failed to drive sustained gains. Supply was adequate despite rising costs. Benzene volatility and higher sulphuric acid prices raised production expenses, but no major shutdowns occurred. Regional suppliers maintained competitive availability. Prices remained range-bound through August as hand-to-mouth buying persisted. Looking ahead nitrobenzene prices are expected to increase in the near term. Potential benzene volatility, geopolitical risks affecting crude/naphtha, and seasonal restocking in India could support offers. However, adequate imports and cautious demand may limit upside. The balance points toward a modest upward trend.