For the Quarter Ending June 2026
Nitro Benzene Prices in APAC
- In Japan, the Nitro Benzene Price Index fell by 18.74% quarter-over-quarter, driven by weaker benzene feedstock costs.
- The average Nitro Benzene price for the quarter was approximately USD 945.00/MT, per regional supplier assessments.
- Market commentary reflected the Nitro Benzene Spot Price remaining under downward pressure amid cautious downstream procurement.
- Analysts adjusted the Nitro Benzene Price Forecast slightly upward in the quarter due to tightened prompt availability.
- Rising benzene feedstock influenced the Nitro Benzene Production Cost Trend, sustaining margin pressure on producers and exporters.
- The Nitro Benzene Demand Outlook remained subdued as aniline and polyurethane buyers prioritized inventory consumption over spot purchases.
- Inventory dynamics and export flows influenced the Nitro Benzene Price Index trajectory, moderating recoveries despite tight segments.
- Producers maintained high run-rates while export discipline and logistics premiums shaped quarterly supply responses across Northeast Asia.
Why did the price of Nitro Benzene change in June 2026 in APAC?
- Easing benzene costs reduced production cost pressures, enabling sellers to lower offers and weigh prompt cargoes.
- Cautious downstream procurement from aniline and polyurethane producers limited spot demand despite some localized inventory drawdowns.
- Regional logistics premiums and geopolitical freight risk elevated costs, yet export availability kept prices under pressure.
South Korea
- In South Korea, the Nitro Benzene Price Index fell by 20.3168% quarter-over-quarter, due to weak demand.
- Nitro Benzene Spot Price weakened amid balanced inventories, limited spot parcels and cautious offshore buyer behaviour.
China
- In China, the Nitrobenzene Price Index fell by 19.7% quarter-over-quarter, reflecting sustained bearish oversupply conditions.
- Nitrobenzene Spot Price weakened as benzene feedstock softened and buyers adopted wait-and-see procurement strategies recently.
Nitro Benzene Prices in Europe
- In Europe, the Nitro Benzene Price Index remained under moderate upward pressure during Q2 2026, supported by balanced supply conditions and improving downstream demand.
- The Nitro Benzene Spot Price was supported by stable procurement from the aniline, methylene diphenyl diisocyanate (MDI), rubber chemicals, dyes, and agrochemical sectors.
- Firm benzene feedstock availability alongside stable energy costs influenced the Production Cost Trend, allowing producers to maintain consistent operating rates throughout the quarter.
- Demand from polyurethane manufacturers, insulation materials, automotive production, and construction-related applications strengthened the Demand Outlook across Europe.
- Producers maintained balanced inventories while scheduled maintenance at selected facilities kept spot availability relatively controlled, supporting the Nitro Benzene Price Index.
- Stable import flows and disciplined production planning prevented significant market oversupply, allowing suppliers to maintain healthy contract deliveries.
- The Price Forecast suggests stable to firm market conditions over the near term as downstream industrial demand remains resilient and feedstock fundamentals stay balanced.
- Export demand and improving manufacturing activity continued to provide additional support to the Nitro Benzene Spot Price during the quarter.
Why did the price of Nitro Benzene change in June 2026 in Europe?
- The Nitro Benzene Price Index increased during June 2026 due to improved procurement from polyurethane, construction, and automotive supply chains.
- A firm Production Cost Trend, supported by stable benzene feedstock and energy markets, contributed to higher producer confidence.
- The Demand Outlook strengthened as manufacturers replenished inventories ahead of seasonal industrial activity while maintaining healthy contract volumes.
- Balanced inventories and controlled spot availability supported the Nitro Benzene Spot Price, while the Price Forecast indicates continued stability if downstream consumption remains healthy.
Nitro Benzene Prices in North America
- In North America, the Nitro Benzene Price Index remained stable to firm during Q2 2026, supported by steady industrial demand and balanced domestic supply.
- The Nitro Benzene Spot Price was supported by regular purchasing from aniline producers, polyurethane manufacturers, rubber chemicals, coatings, and specialty chemical sectors.
- Stable benzene feedstock availability and consistent production rates maintained a balanced Production Cost Trend across the region.
- Healthy consumption from construction materials, insulation products, automotive manufacturing, and industrial chemicals improved the Demand Outlook during the quarter.
- Domestic producers maintained regular operating schedules, while inventories remained sufficient to meet contractual and spot market requirements without creating supply pressure.
- Stable logistics, uninterrupted production, and balanced import availability helped sustain the Nitro Benzene Price Index throughout Q2 2026.
- Producers prioritized long-term contractual deliveries while maintaining adequate spot availability, supporting the Nitro Benzene Spot Price.
- The Price Forecast indicates a stable market in the near term, supported by balanced supply-demand fundamentals and continued downstream manufacturing activity.
Why did the price of Nitro Benzene change in June 2026 in North America?
- The Nitro Benzene Price Index increased during June 2026 as downstream demand from polyurethane, construction, automotive, and specialty chemical industries improved.
- A steady Production Cost Trend, supported by stable benzene feedstock and manufacturing operations, reinforced supplier pricing.
- The Demand Outlook remained positive as industrial activity and seasonal manufacturing supported routine procurement across major end-use industries.
- Balanced inventories and uninterrupted production supported the Nitro Benzene Spot Price, while the Price Forecast points toward stable market conditions in the coming months.
For the Quarter Ending March 2026
Nitrobenzene Prices in APAC
- In Japan, the Nitrobenzene Price Index rose by 2.71% quarter-over-quarter, reflecting tighter imports and demand.
- The average Nitrobenzene price for the quarter was approximately USD 1163.00/MT, reflecting measured restocking activity.
- Nitrobenzene Spot Price stayed range-bound early quarter before March acceleration from MDI and PU restocking.
- Nitrobenzene Price Forecast indicates modest near-term increases as benzene costs feed through into offers regionally.
- Nitrobenzene Production Cost Trend rose with benzene and freight inflation increasing delivered manufacturing costs margins.
- Nitrobenzene Demand Outlook remained constructive as seasonal construction and polyurethane manufacturing supported steady offtake levels.
- Inventory tightened mid-March as buyers front-loaded purchases, lifting the Nitrobenzene Price Index and spot offers.
- Domestic plants ran normally, limiting shocks, yet export delays and insurance hikes pressured spot availability and offers.
Why did the price of Nitrobenzene change in March 2026 in APAC?
- Regional outages and import caution tightened supply, reducing available cargoes and supporting upward price pressure.
- Benzene price surge and higher freight and insurance raised production and delivered costs for Japanese importers.
- Downstream aniline and MDI restocking ahead of seasonal demand increased procurement, lifting spot enquiries materially.
Nitrobenzene Prices in North America
- In the United States, the Nitrobenzene Price Index trended moderately higher quarter-over-quarter, supported by firmer benzene costs and steady downstream consumption.
- The average Nitrobenzene market tone remained stable-to-firm, reflecting measured restocking from aniline and polyurethane producers.
- Nitrobenzene Spot Price stayed range-bound early in the quarter, before firming in March as MDI and PU manufacturers increased procurement.
- Nitrobenzene Price Forecast indicates modest near-term increases, driven by benzene cost pass-through and steady industrial demand.
- Nitrobenzene Production Cost Trend rose as benzene and logistics inflationincreased delivered manufacturing costs for U.S. producers.
- Nitrobenzene Demand Outlook remained constructive, supported by polyurethane, construction, and automotive chemical applications.
- Inventory levels tightened in mid-March as buyers front-loaded purchases, lifting the Nitrobenzene Price Index and supporting firmer offers.
- Domestic plants operated normally, but import delays and higher freight premiumsreduced spot flexibility and supported upward sentiment.
Why did the price of Nitrobenzene change in March 2026 in the USA?
- Higher benzene feedstock costs and rising logistics expenses increased production costs, prompting firmer offers. • Import delays and cautious sourcing tightened supply, reducing spot availability. • Stronger downstream aniline and MDI restocking ahead of spring demand lifted procurement and supported upward price pressure.
Nitrobenzene Prices in Europe
- In Europe, the Nitrobenzene Price Index moved slightly higher quarter-over-quarter, supported by benzene cost inflation and controlled operating rates.
- The average Nitrobenzene market tone remained balanced-to-firm, reflecting steady restocking from integrated aniline–MDI producers.
- Nitrobenzene Spot Price held stable early in the quarter, before firming in March as construction-linked PU demand improved.
- Nitrobenzene Price Forecast suggests modest near-term upside, driven by benzene volatility and tighter regional supply chains.
- Nitrobenzene Production Cost Trend increased as benzene, energy, and freight costsraised delivered manufacturing costs across Europe.
- Nitrobenzene Demand Outlook remained constructive, supported by seasonal construction activity, insulation materials, and PU systems.
- Inventory levels tightened mid-March as buyers accelerated purchases, lifting the Nitrobenzene Price Index and supporting firmer spot sentiment.
- Domestic plants ran steadily, but import caution, insurance hikes, and longer transit timesconstrained prompt availability.
Why did the price of Nitrobenzene change in March 2026 in Europe?
- Rising benzene feedstock costs and higher energy-linked logistics expenses increased production costs. • Import caution and longer transit times tightened supply, reducing available spot cargoes. • Stronger downstream aniline and MDI restocking ahead of seasonal construction demand lifted procurement and supported upward pressure.
For the Quarter Ending December 2025
APAC
- In Japan, the Nitro Benzene Price Index fell by 5.7% quarter-over-quarter, driven by weak benzene.
- The average Nitro Benzene price for the quarter was approximately USD 1132.33/MT per quarterly average.
- Nitro Benzene Spot Price remained subdued as import inflows and downstream inventories constrained spot volumes.
- Nitro Benzene Price Forecast indicates upside supported by year-end restocking and improved downstream operating rates.
- Nitro Benzene Production Cost Trend rose as benzene feedstock and intra-Asia freight costs increased expenditure.
- Nitro Benzene Demand Outlook remains cautious with weak aniline consumption offset by MDI and automotive demand.
- Nitro Benzene Price Index pressure persisted due to competitive Korean imports and domestic inventory overhangs.
- Export inquiries and domestic inventory builds motivated sellers to protect margins rather than discount aggressively.
Why did the price of Nitro Benzene change in December 2025 in APAC?
- Declining benzene feedstock lowered import costs, tightening domestic supply economics margins.
- Weak aniline consumption and conservative procurement reduced buying interest, limiting upward price momentum across markets.
- Stable port operations and balanced inventories removed restocking urgency, muting volatility despite import price upticks.
Europe
- In Europe, the Nitrobenzene Price Index declined quarter-over-quarter, reflecting weak downstream aniline and MDI demand amid broader chemical sector slowdown.
- Nitrobenzene Spot Priceremained under pressure as buyers relied on contract volumes and avoided discretionary spot procurement toward year-end.
- Nitrobenzene Production Cost Trend softenedduring the quarter as benzene feedstock prices eased and energy cost volatility reduced compared with earlier quarters.
- Nitrobenzene Demand Outlook stayed subdued, with construction-linked polyurethane demand remaining weak, while automotive recovery was insufficient to lift consumption materially.
- Nitrobenzene Price Forecast suggests limited near-term upside, as high inventories and cautious restocking behavior are expected to persist into early 2026.
- The Nitrobenzene Price Index remained cappedby steady imports and adequate regional supply despite selective plant operating rate adjustments.
- Export competitiveness from Asia and muted European downstream operating rates restricted pricing power across major hubs.
Why did the price of Nitrobenzene change in December 2025 in Europe?
- Softer benzene feedstock and lower energy costs reduced production cost support.
• Weak downstream aniline and MDI demand limited restocking interest.
• Year-end inventory optimization and cautious procurement pressured spot sentiment.
North America
- In the USA, the Nitrobenzene Price Index edged lower in Q4 2025, driven by subdued domestic demand and sufficient supply availability.
- Nitrobenzene Spot Price activity remained limited, as buyers prioritized contract fulfillment and delayed spot purchases ahead of year-end.
- Nitrobenzene Production Cost Trend moderated, supported by easing benzene prices and relatively stable operating costs across US producers.
- Nitrobenzene Demand Outlook remained cautious, with stable but unspectacular offtake from aniline, MDI, and insulation segments.
- Nitrobenzene Price Forecast points to a stable-to-soft trend, as downstream buyers continue conservative purchasing into early 2026.
- The Nitrobenzene Price Index faced pressurefrom ample inventories and balanced domestic supply despite isolated logistical tightness.
- Limited export pull and muted construction-linked demand constrained any meaningful price recovery.
Why did the price of Nitrobenzene change in December 2025 in North America?
- Lower benzene feedstock costs reduced pricing support.
• Soft year-end demand from downstream polyurethane and chemical segments.
• Inventory sufficiency reduced urgency for spot restocking.
For the Quarter Ending September 2025
APAC
- In Japan, the Nitro Benzene Price Index rose by 5.14% quarter-over-quarter, reflecting balanced supply conditions.
- The average Nitro Benzene price for quarter was approximately USD 1200.33/MT on FOB Osaka basis.
- Domestic Nitro Benzene Spot Price remained rangebound, supported by steady plant operations and port inventories.
- The Nitro Benzene Price Forecast stays cautious, reflecting muted regional demand and limited export upside.
- Observed Nitro Benzene Production Cost Trend showed mild benzene-driven pressure and currency import cost impacts.
- Regional Nitro Benzene Demand Outlook remained subdued with aniline, dyes and coatings limiting spot buying.
- The Nitro Benzene Price Index showed limited volatility, supported by disciplined producers and adequate supply.
- Inventory levels and weak export demand capped upside, keeping Nitro Benzene spot talks largely unchanged.
Why did the price of Nitro Benzene change in September 2025 in APAC?
- Balanced domestic production and steady imports maintained supply, preventing price declines despite soft export demand.
- Muted downstream buying and contractual procurement constrained spot activity, limiting upward pressure on Nitro Benzene.
- Low energy and freight costs eased production expense, while yen weakness raised landed cost risks.
North America
- In the United States, the Nitro Benzene Price Index declined quarter-over-quarter, reflecting weak demand from downstream aniline and MDI sectors.
- Domestic Nitro Benzene Spot Price softened in September as inventory levels remained high and downstream offtake slowed.
- The Nitro Benzene Price Forecast remains neutral, with limited upside expected unless construction-linked demand improves.
- The Nitro Benzene Production Cost Trend eased slightly due to lower benzene feedstock prices and stable energy inputs.
- The Nitro Benzene Demand Outlook was sluggish, with muted activity in polyurethane intermediates and coatings applications.
- The Nitro Benzene Price Index reflected oversupply conditions and competitive import offers, pressuring domestic margins.
- Gulf Coast logistics remained stable, but inland freight inflation added cost pressure to delivered pricing.
Why did the price of Nitro Benzene change in September 2025 in the USA?
- Weak demand from aniline and MDI sectors reduced spot buying, softening the Price Index.
- Lower benzene feedstock prices and high inventories prompted price corrections across key terminals.
- Competitive imports and slow construction activity capped any upward price movement.
Europe
- In Germany and Belgium, the Nitro Benzene Price Index rose quarter-over-quarter, supported by restocking and stable pharmaceutical and coatings demand.
- Nitro Benzene Spot Price firmed in September due to tighter supply and increased procurement from downstream aniline producers.
- The Nitro Benzene Price Forecast is cautiously optimistic, with potential support from seasonal coatings demand and limited imports.
- The Nitro Benzene Production Cost Trend remained stable, with benzene prices holding firm and energy costs elevated in Western Europe.
- The Nitro Benzene Demand Outlook was steady in pharmaceuticals and coatings, while agrochemical demand remained flat.
- The Nitro Benzene Price Index was supported by disciplined production and reduced Asian imports, tightening regional availability.
- Inland transport delays and rising energy tariffs added pressure to delivered pricing, especially in Central Europe.
Why did the price of Nitro Benzene change in September 2025 in Europe?
- Restocking by downstream aniline and coatings sectors lifted demand, supporting the Price Index.
- Stable benzene feedstock costs and controlled production maintained supply balance, preventing volatility.
- Logistics constraints and energy inflation sustained firm spot offers across key European terminals.
