India&#**;s o-Nitro Toluene market witnessed a downward trend through late May **** as selling pressure and market rebalancing outweighed a brief cost-driven rally observed during the middle of the month. While the o-Nitro Toluene market began May on a stable note with balanced demand from general buyers and importers, rising feedstock costs temporarily pushed prices higher before the market softened toward month-end.
The Indian o-Nitro Toluene sector continued to benefit from steady demand from pharmaceutical and agrochemical intermediate manufacturers. Market participants reported that domestic production of o-Nitro Toluene remained sufficient to meet near-term requirements, ensuring uninterrupted availability despite fluctuations in production costs.
According to market assessments, o-Nitro Toluene Ex-Vadodara was quoted at USD *,***/MT in May ****, compared with USD *,***/MT in the previous reference period, reflecting a significant monthly correction. Domestic pricing also followed a similar pattern. Meanwhile, last **-week moving averages...
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