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Nitro Benzene

Nitro Benzene Prices Overview

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Market Overview

Quarterly Update on Global Nitro Benzene Market

For the Quarter Ending December 2020

Asia

During the October month of 2020 due to hurricane delta and Laura there were some logistics disruptions which caused a major gap in demand and supply fundaments of Nitro Benzene across Southeast Asia. The supply pressure eventually led to a two-fold increase in prices of Nitro Benzene in Q4 2020. Prices of Nitro Benzene continued to witness an upward crawl in the quarter ending December weighed the increase in prices of feedstock Benzene due to consistent increment in the values of crude. The CFR of Nitro Benzene in India in last quarter of 2020 averaged was USD 618.75 per MT.

Europe

During Q4 of 2020, prices of Benzene remained high due to its lower supply against appreciable demand across the region. Since Benzene is used as the feedstock to prepare Nitro Benzene, prices of Nitro Benzene also observed an upward climb during the last quarter of 2020. Although the demand in Q4 of FY20 was deemed low as compared to last year due to fear of new coronavirus and second lockdown across the region but was still little high with respect to the complete 2020. With revival in the values of crude, traders were heard optimistic over a substantial rebound in its values in Q1 2021.

North America

After months of low demand for Benzene, the petrochemical market seemed to have transitioned into a recovery phase in Q4. Supplies which were stranded due to lockdown and lack of manpower during corona were pushed quickly towards their destination in the final quarter. Benzene demand remained high during December month due to consistent surge in crude values and its limited supply into the region due to a spate of hurricanes. Thus, in line with the market fundamentals surge in Benzene prices ultimately affected the supply, demand, and pricing for Nitro Benzene as well in the region.

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Services

Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Nitro Benzene is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

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Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

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Company Profile

Basic details and information on financial performance of leading global players in the Nitro Benzene market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Nitro Benzene manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.

Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Nitro Benzene market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.

Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.

Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Nitro Benzene market.

Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis.

Finally, region-specific markets for Nitro Benzene are analyzed and region-wise demand pattern is tracked.

About

Nitro Benzene is an oily, yellow color or dark brown liquid with almond like smell, which when undergoes combustion produces toxic nitrogen-oxide fumes. Its feedstock is Benzene which on nitration produces Nitro Benzene which is primarily used as a precursor for Aniline. Nitro Benzene is used in automobile industry to manufacture synthetic rubber which is used to make tyre. Owing to its almond like odor it is used as a smell mask for shoes, leather etc. Nitro Benzene, is also gaining popularity in construction industry due to its binding nature Major manufacturers of Nitro Benzene across the globe are BASF, Huntsman, Chemours etc. Although Nitro Benzene is used in medicine acetaminophen its direct exposure on skin may cause irritation while its direct inhalation may lead to methemoglobinemia condition in which oxygen is not able to bind with hemoglobin. Thus, it can be used in commercial purposes only after purification.

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Nitro Benzene Prices Overview