Rotterdam (The Netherlands):The first quarter of the fiscal year xxxx-xxxx witnessed a positive turnaround for the Nitrobenzene market in both North America and Europe. This upswing followed a weak Qx impacted by economic downturns and high energy costs. This report analyzes the key factors contributing to the market recovery in each region, along with potential challenges to consider moving forward.
Nitrobenzene prices in North America experienced a significant rise in Qx FYxx-xx. This can be attributed to a confluence of factors. Firstly, energy and gas supply contracts saw a cooling-off period, with lower premiums offered compared to historical averages. Abundant gas inventories in the spot market further reduced production costs for Nitrobenzene manufacturers. Pricing insights and data from the US reveal significant improvement in prices observed from January as benzene supply contracts turned higher by xx Q-o-Q basis with spot prices...
