Dinitrochlorobenzene prices in the Spanish market decreased substantially in the first half of May xxxx after observing a slight decrease in April. The market continues to be weighed down by elevated global stock levels, diminished industrial activity levels, and a steady increase in competitive offers from overseas suppliers, especially from India. Given all of these factors, along with currency-related issues and poor demand fundamentals, prices continued to decline in the first half of May.
• Dinitrochlorobenzene prices dropped sharply in early May xxxx after a modest April decline driven by global oversupply.
• Competitive Indian exports and a stronger euro lowered Dinitrochlorobenzene import costs in Spain.
• Weakening industrial output reduced Spanish demand for Dinitrochlorobenzene, especially in key sectors.
• High inventories and cautious buying sustained downward pressure on Dinitrochlorobenzene prices.
