For the Quarter Ending June 2025
Asia-Pacific (India)
• The Nitrosylsulfuric Acid Price Index showed steady increases from April through June, with spot prices rising from USD 260/MT to USD 262/MT.
• Underlying strength in downstream sectors (pharma, dyes, FMCG) and constrained domestic availability supported the Nitrosylsulfuric Acid Spot Price through the quarter.
• July 2025 Price Change: In July 2025, the Nitrosylsulfuric Acid Price Index likely increased again—driven by robust FMCG and pharmaceutical demand, ongoing logistical tightening from Red Sea disruptions, and typical monsoon-season inventory restocking.
• Production & Cost Dynamics: The Nitrosylsulfuric Acid Production Cost Trend remained stable despite softening feedstock prices. Cost pressures from freight and regional transport delays helped sustain supplier margins and supported upward pricing.
• Demand Outlook: The Nitrosylsulfuric Acid Demand Outlook remains positive through July, supported by strong pharmaceutical intermediate needs, dye sector reactivation, and FMCG stability. Government initiatives and sustained consumption trends are expected to reinforce consumption into Q3.
Europe
• The Nitrosylsulfuric Acid Price Index likely fluctuated across the region in Q2 due to inconsistent industrial activity, variable pharmaceutical and specialty chemical demand, and occasional raw material cost volatility. Prices neither surged nor collapsed, reflecting a mixed regional outlook.
• July 2025 Price Change: The Price Index in Europe likely saw moderate price stabilization or slight uptick in July as regional pharma producers likely restocked ahead of Q3, while limited feedstock cost increases provided modest support.
• Production Cost & Supply Conditions: The Nitrosylsulfuric Acid Production Cost Trend in Europe would have been generally steady. Moderate energy and transport costs, combined with some reliance on imports, kept cost pressures contained. Occasional supplier maintenance may have limited local supply in select markets.
• Demand Outlook: The Nitrosylsulfuric Acid Demand Outlook remains cautious but stable. Demand from pharmaceutical and dye-intermediate applications is steady, while broader chemical demand depends on recovery in EU industrial output and downstream specialty markets.
North America
• In North America, the Nitrosylsulfuric Acid Price Index likely trended modestly upward through Q2, supported by steadier demand from pharmaceutical and specialty chemical sectors, alongside some supply constraints.
• July 2025 Price Change: For July, the Price Index likely registered a slight increase, driven by continued demand from API producers and intermittent tightness from import delays and freight cost pressures.
• Production & Cost Trend: The Nitrosylsulfuric Acid Production Cost Trend in North America remained relatively stable. Energy and raw material input prices stayed within moderate ranges; however, logistics fluctuations and feedstock sourcing complexities added mild upward pressure to costs.
• Demand Outlook: The Nitrosylsulfuric Acid Demand Outlook is solid, particularly in pharma and chemical intermediates. Demand from specialty applications is expected to stay resilient, although broader industrial demand may remain subdued unless construction or manufacturing pick up in late Q3.
For the Quarter Ending March 2025
North America
In Q1 2025, North America's Nitrosylsulfuric Acid (NSA) market faced challenges due to economic headwinds and shifts in key industries. The U.S. economy experienced a significant slowdown, with some estimates indicating a contraction in GDP during the first quarter. This economic downturn was partly attributed to businesses stockpiling goods ahead of increased tariffs, leading to a record-high goods trade deficit in March.
The pharmaceutical industry, however, showed resilience. Pfizer reported strong first-quarter 2025 earnings despite a sharp 75% decline in Paxlovid sales, with adjusted earnings surpassing analysts’ expectations. The textile sector faced uncertainties due to fluctuating demand and increased production costs, influenced by proposed import tariffs impacting global fashion supply chains. These factors contributed to a complex landscape for NSA demand, with the pharmaceutical sector providing some stability amidst broader economic challenges.
Asia
In Q1 2025, Asia's NSA market experienced moderate price fluctuations, influenced by the region's robust economic performance and key industry dynamics. Asia, led by India, is projected to contribute about 60% of global growth in 2025, with the region expected to grow by 4.3%. This economic strength supported steady demand for NSA, particularly in countries like India and Southeast Asian nations.
India's textile sector showed resilience, with exports increasing by 4.15% year-on-year in Q1 FY2025, driven by demand from CIS and South Asian markets. The pharmaceutical industry also registered strong growth, with major companies reporting a 10% year-on-year increase in Q2 FY2025, largely driven by performance in North America and the domestic market. These developments contributed to sustained demand for NSA, a key chemical used in both textile processing and pharmaceutical manufacturing.
Europe
In Q1 2025, Europe's NSA market experienced relative stability, influenced by the region's modest economic growth and key industry performance. The European Central Bank projects real GDP growth of 1.0% in 2025. This steady economic environment supported consistent demand for NSA across the continent. However, geopolitical issues spurred uncertainties in the market, which affected the outlook of downstream industries.
The pharmaceutical sector, particularly in the production of cancer treatments and dermatology medications, was a significant driver for NSA demand. The textile industry also saw stable demand, especially from southern European countries, as production of winter apparel and preparation for spring collections increased. Despite global logistical challenges, the supply chain remained relatively intact, with minimal disruptions noted. Freight rates, however, remained a concern, putting upward pressure on prices, especially in the colder months.
For the Quarter Ending December 2024
North America
In Q4 2024, the price of Nitrosylsulfuric Acid in North America experienced moderate fluctuations, primarily driven by the performance of key industries such as pharmaceuticals, textiles, and agrochemicals.
As the quarter progressed, demand from the pharmaceutical sector showed significant growth, particularly in the production of active pharmaceutical ingredients (APIs) for treatments such as oncology and dermatology. The expansion of biopharmaceutical manufacturing in the region and a strong pipeline of new drugs kept demand for high-value chemical intermediates, including Nitrosylsulfuric Acid, elevated. In addition, demand from the textile sector showed seasonal upticks, as manufacturers prepared for the winter and spring fashion seasons, thus fueling demand for chemicals used in textile processing.
The U.S. textile industry remained strong, supported by robust export growth to regions like Europe and Asia. Logistics challenges, including ongoing container shortages and rising freight costs, slightly impacted the supply chain but did not significantly disrupt availability, with most supply coming from domestic producers. The overall pricing trend in the region was upwards in November and December, driven by the combination of steady pharmaceutical demand and seasonal textile production.
APAC
In Q4 2024, the price of Nitrosylsulfuric Acid in the APAC region, particularly in India, saw a moderate upward trend, driven by sustained demand from key industries such as textiles, pharmaceuticals, and chemicals. The textile sector, despite facing challenges like fluctuating cotton prices and logistics disruptions, continued to show resilience, particularly due to strong export growth, which increased by 17.3% in September 2024. This buoyed the demand for Nitrosylsulfuric Acid, a key chemical used in textile processing, contributing to a 1.1% price increase in October. In November, the price surged by 3.2%, fueled by heightened demand from the pharmaceutical sector, which benefited from the growth in dermatology, oncology, and anti-cardiac drugs. The continued expansion of the pharmaceutical industry and increasing exports of active pharmaceutical ingredients (APIs) drove the demand for high-value intermediates like Nitrosylsulfuric Acid. While supply remained steady with stable imports and domestic production, logistical challenges and fluctuating freight rates had a minor impact on the availability of the chemical.
Europe
In Europe, the price of Nitrosylsulfuric Acid in Q4 2024 followed an upward trajectory, primarily driven by sustained demand from the pharmaceutical, textile, and coatings industries. The pharmaceutical sector, which has seen an uptick in investment, especially in the production of cancer treatments and dermatology medications, was a significant driver for the chemical. As Europe continues to be a key hub for pharmaceutical manufacturing, the steady demand for intermediates like Nitrosylsulfuric Acid remained firm throughout the quarter. The textile sector also saw stable demand, particularly from southern European countries, as production of winter apparel and preparation for spring collections increased. The European textile industry benefited from strong domestic demand and exports to North America and other markets. The demand for Nitrosylsulfuric Acid in textile production supported prices through a moderate increase in October and November. The coatings and agrochemical sectors also contributed to demand, with increased activity in the agricultural and automotive industries in Europe. Despite global logistical challenges, the supply chain remained relatively intact, with minimal disruptions noted. Freight rates, however, remained a concern, putting upward pressure on prices, especially in November and December as colder months increased transportation challenges.
For the Quarter Ending September 2024
North America
In Q3 2024, the Nitrosylsulfuric Acid prices remained relatively stable within a narrow range, influenced by various concurrent factors. The U.S. economy displayed mixed signals, with underlying resilience offset by persistent inflation worries and geopolitical instability. Supply conditions were driven by steady manufacturing output and shifting trade patterns.
The Producer Price Index (PPI) for manufacturing industries dipped slightly from 249.624 in Q2 to 248.383 in Q3, indicating modest cost savings for producers. Inventory replenishment after significant drawdowns earlier in the year supported economic recovery, with Q2 GDP growth reaching 3.0% and forecasted annual growth at 2.7%. Consumer activity and business investments, propelled by initiatives like the CHIPS Act, sustained demand, while inflation eased below 3.0% in July.
Nevertheless, ongoing geopolitical tensions, such as conflicts in Ukraine and the Middle East, alongside potential import tariffs, posed risks to supply chains and trade flows. Although the Fed’s planned interest rate cuts are expected to boost spending and growth, uncertainties in labor markets and trade policies could influence the supply outlook moving into 2025.
Asia
The third quarter of 2024 for Nitrosylsulfuric Acid in the APAC region saw a notable increase in prices, driven by various factors influencing the market dynamics. Robust industrial activity, growing demand in key sectors, and rising infrastructure developments played a significant role in pushing prices upwards. Despite a slowdown in certain segments, overall economic indicators remained positive, fueling demand for chemicals used in manufacturing and construction. Additionally, increased export orders in sectors like textiles further boosted the demand for Nitrosylsulfuric Acid. In India, the market experienced the most significant price changes, with prices steadily increasing throughout the quarter. Overall trends indicated a positive pricing environment, with seasonality and correlation in price changes showcasing a consistent upward trajectory. The quarter-ending price for Nitrosylsulfuric Acid Ex-Mumbai in India stood at USD 220/MT, reflecting a 6% increase from the first half of the quarter. No disruptions or plant shutdowns were reported during this period.
Europe
During Q3 2024, Nitrosylsulfuric Acid prices in Europe fluctuated within a narrow range, influenced by economic uncertainties linked to the ongoing conflict in West Asia and sluggish growth in both Europe and the U.S. Rising freight costs, container shortages, and logistical issues were prominent. Shipping giants such as MSC and CMA CGM raised FAK rates to as high as $6,500 per container, driven by space limitations and added operational fees. Delays due to Red Sea disruptions and Singapore port congestion further complicated the situation. Air freight rates from Northeast Asia to Europe also spiked, fueled by booming e-commerce and semiconductor demand, with spot rates rising 40% year-over-year. Despite efforts to expand capacity, the imbalance between outbound and return loads persisted. With rising geopolitical tensions and seasonal demand, freight market volatility is likely to extend into Q4. Economically, Europe experienced stagnation in Q3, as Germany’s industrial sector struggled with weak output, high energy costs, and falling exports, contributing to broader challenges across the eurozone.
Frequently Asked Questions (FAQs)
1. What is the current price of Nitrosylsulfuric Acid?
As of June 2025 in India, the Nitrosylsulfuric Acid Spot Price was USD 263 per MT. Based on market trends, this reflects a modest upward trajectory into early July.
2. How is the current market situation of Nitrosylsulfuric Acid in the global market?
The global Price Index for Nitrosylsulfuric Acid shows moderate firmness, backed by steady pharmaceutical, dye, and FMCG demand, combined with some constraints in logistics and upstream sulfuric acid sourcing.
3. What is the Nitro sulfuric Acid Production Cost Trend?
The Nitrosylsulfuric Acid Production Cost Trend has been relatively stable. Although raw material prices moderated slightly, increased freight and transport costs—especially from Red Sea shipping disruption—helped sustain supplier margin requirements.
4. What is the Nitrosylsulfuric Acid Demand Outlook for the coming months?
The Nitrosylsulfuric Acid Demand Outlook remains constructive, especially in pharmaceutical, FMCG, and textile intermediate sectors. Unless macroeconomic sentiment weakens significantly, demand is expected to stay resilient in Q3 2025.
