In September 2025, DNCB prices in India fell by 9.3%, led by lower costs of feedstock and a change in regulation. Lower prices of Benzene and Nitrobenzene impacted production costs of DNCB and a decrease in GST to 5% for industrial intermediates affected selling prices. The demand for DNCB declined because of a decline in orders of exports partly due to the stiff increases in tariffs imposed by the US on Indian imports. Despite a slowdown in manufacturing, elevated production from Gujarat and Maharashtra led to high inventory levels, prompting suppliers to offer discounts to clear excess stock. The demand for DNCB declined as the markets were well catered to in respect of stocks. Domestic demand remained stable, supported by pharmaceutical and agrochemical sectors, but export uncertainties loom. With high inventories and trade barriers persisting, DNCB prices face cautious prospects. Producers are exploring derivatives to offset risks, but market stability depends on resolving global trade issues, highlighting the complex interplay of policy, supply, and demand.
