Qingdao, China- Nitrobenzene prices have remained stable in China since the beginning of July xxxx. The stability in the prices of Nitrobenzene has largely been attributed to weak demand sentiment in the domestic market as outlook for construction and automotive sectors have shown weak growth. As the outlook of the world’s largest producer as well as consumer remained bleak, Asia’s overall demand is anticipated to be on the lower end. However, positive sentiment from India and SE Asia to keep the markets optimistic in the coming months.
Nitrobenzene is the major feedstock to produce Aniline and subsequently MDI (Methylene Diphenyl Isocyanate). China is the largest producer of MDI globally is also one of the largest producers of Nitrobenzene. The Chinese suppliers have not been revising prices downwards despite the markets look overstocked for the given volumes. The downstream Aniline FOB...
