In the recent week, the cost of Nitro Chlorobenzene continued its declining pattern in the Asian markets due to the weak demand from the downstream industries. Nitro Chlorobenzene supply in October continued to remain on the higher end of dynamics as more capacities in China, South Korea came online to cater for Autumn festivities need while the global shipping companies continue to keep their prices up for deliveries from India and other South Asian nations due to geopolitical tensions in the Western Indian Ocean region. Prices have therefore been relatively weaker and fell marginally in August while September observed turnaround in prices due to logistical situation easing for shipping and more ships diverted towards Asia as US-East coast undergoes severe hurricane season. Driven by logistical improvement, spot benzene prices weakening and moderate demand in NE Asia, Nitro Chlorobenzene prices subdued due to weaker demand pressure....
