Nitrobenzene price April 2024 and outlook (see chart below)
- Northeast Asia:US$0.87/KG, unchanged
Business Analytiq assumes no responsibility or liability for any errors or omissions in the content of this site. The information contained in this site is provided on an “as is” basis with no guarantees of completeness, accuracy, usefulness, or timeliness.
Nitrobenzene price index
This post is a summary of the Nitrobenzene price developments. The price developments of Nitrobenzene are expressed in US$ prices converted FX rates applicable at the time when the price was valid. Nitrobenzene price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.
The outlook for Nitrobenzene prices, on the second tab, is generated from different inputs including:
- Very recent price developments of immediate cost drivers of Nitrobenzene prices
- Recent price developments of underlying feedstocks which drive the price of Nitrobenzene
- Market futures for both cost drives and feedstocks of Nitrobenzene prices
- Adjustment of current supply/demand imbalances in the Nitrobenzene market
- Longer term trends in likely demand conditions
Further information on the Nitrobenzene price index
What is Nitrobenzene
Nitrobenzene is a chemical compound with the formula C6H5NO2. It is a colorless to pale yellow liquid with a sweet, mousy odour. Nitrobenzene is highly flammable and is toxic if ingested or inhaled. It is used as an intermediate in the production of a range of chemicals, including aniline, a key feedstock in the manufacture of plastics, rubber, dyes, and pharmaceuticals. Nitrobenzene can also be used as a solvent for various materials, including resins, waxes, and rubber. It is also used in the production of a range of pesticides and herbicides. In addition to its use in the chemical industry, nitrobenzene has also been used in the past as a shoe polish and as a solvent for inks and paints. However, it has largely been replaced by safer alternatives in these applications. Nitrobenzene should be handled with caution, as it can be harmful if inhaled, ingested, or absorbed through the skin.
How is Nitrobenzene produced
There are several ways to produce nitrobenzene, but the most common method is through the nitration of benzene. This process involves the reaction of benzene with nitric acid and sulfuric acid to produce nitrobenzene. The reaction typically takes place in a reactor, and the resulting product is then separated and purified through distillation. The exact process may vary depending on the specific manufacturer and the desired characteristics of the final product.
In addition to the nitration of benzene, nitrobenzene can also be produced through the reduction of nitrosobenzene or the nitration of aniline. These methods are less common than the nitration of benzene. Nitrobenzene is a key intermediate in the production of a range of chemicals, including aniline, and it is used in the manufacture of a range of products, including plastics, rubber, dyes, and pharmaceuticals. It is also used as a solvent for various materials, including resins, waxes, and rubber, and in the production of pesticides and herbicides.
What is Nitrobenzene used for
Nitrobenzene is a chemical compound that is used as an intermediate in the production of a range of chemicals, including aniline, which is a key feedstock in the manufacture of plastics, rubber, dyes, and pharmaceuticals. Nitrobenzene is also used as a solvent for various materials, including resins, waxes, and rubber. It can be used to dissolve a wide range of substances and is particularly effective at dissolving materials that are otherwise difficult to dissolve, such as waxes and resins.
In addition to its use in the chemical industry, nitrobenzene has also been used in the past as a shoe polish and as a solvent for inks and paints. However, it has largely been replaced by safer alternatives in these applications. Nitrobenzene should be handled with caution, as it can be harmful if inhaled, ingested, or absorbed through the skin.
How big is the Nitrobenzene market
It is difficult to accurately estimate the size of the nitrobenzene market, as it is a chemical intermediate that is used in the production of a range of chemicals and products, and data on its production and consumption is not widely available. Nitrobenzene is an intermediate in the production of a range of chemicals, including aniline, which is a key feedstock in the manufacture of plastics, rubber, dyes, and pharmaceuticals. Nitrobenzene is also used as a solvent for various materials, including resins, waxes, and rubber, and in the production of pesticides and herbicides. It is likely that the market for nitrobenzene is influenced by the demand for these end products, as well as by the availability and price of raw materials and other factors.
According to https://oec.world/ :
Nitrated, nitrosated hydrocarbons are the world’s 3266th most traded product.
In 2020, the top exporters of Nitrated, nitrosated hydrocarbons were China ($56.5M), Germany ($54.5M), Poland ($44.1M), United States ($25.3M), and Ukraine ($20.9M).
In 2020, the top importers of Nitrated, nitrosated hydrocarbons were United States ($73M), Belgium ($48.6M), India ($33.3M), Germany ($22.5M), and Japan ($12M).
Further information
- Wikipedia for general, history, production and usage information
- PubChem for chemistry and property information
Business Analytiq
BE THE FIRST TO SEE RISK AND OPPORTUNITY!
BusinessAnalytiq provides unlimited market trend data and an online tools to track market developments, key benchmarks & leading indicators.
BusinessAnalytiq leads to price visibility, better negotiations, easier budgeting and forecasting, lower raw material prices, and improved better internal and external communication. BusinessAnalytiq will decrease risk and higher profit.
Where does the data come from?
- The source of the data are exclusively public non-confidential sources. We have no access to primary data
- This the index trend of the price trend of the "product category" in general, and not a single specification of the product in particular
- The data is a combination of contract and spot pricing
- Our algorithms are set up to eliminate significant product mix impact on the reported price
- We combine public publications, import/export records, trading prices, company announcements, magazine articles, tweets, and other sources of ad-hoc public information.
- The chart shows the our best approximation of the market trend based on our algorithm interpretation of the signals
- For most indexes we have multiple sources and we focus on using statistically-correlated sources
- As a function of our automation, it is likely that recent trends will be adjusted as we discover more information. So, for example, the price trend for February 2024 will be first calculated in February 2024 and adjusted in March, April and May 2024.
- We will update the data trend as more information becomes available, and this means that recent trends will always be adjusted as we get more data available
- The algorithm will regularly revise our understanding of market trends, and indicated market trends may change
- The data is presented in US$. The UOM of measure is shown in the Index list table
- Our automated software and we do our best to create an accurate representation of the trend
Where does the data NOT come from?
- We do not purchase data from any other source and republish it.
- We will not purchase data from any other source and republish it
- We do not extrapolate trends, even for the forecast. We look for other market signals and leading indicators
What data should our company use?
- If you are making decisions driving significant share of profit, we always recommend that you buy data from the companies who invest in direct primary market access such as ICIS, amongst many others
- Our data, at best, represents an estimate of the market trend based on public information
- We have no direct access to the market, and we do not interview suppliers and customers
- Our automated analysis tools in the online software are set up to combine our data with other sources of data
- We do not recommend that you use our data for direct price mechanisms, as we may change and improve the data trends over time, including historical data
What does the quality indication in the main menu mean?
- Quality level A: Data is from a reliable and confirmed source
- Quality level B: Data is from multiple credible sources and there are no major statistical inconsistencies between them
- Quality level C: Data is from multiple credible sources and there are some statistical inconsistencies between them
- Quality level D: Data is from a single credible source, but we cannot verify the data
- Quality level E: Data is either:
- From a single source, which we consider reliable, but we cannot verify the data.
- From 2 or more sources which have some periods of contradicting trends.
- Quality level F: Data is from a single source which we consider indicatively correct, but the data is anecdotal and we cannot verify the data.
What are the disclaimers?
- We assume no responsibility or liability for any errors or omissions in the content of this site.
- The information is provided on an “as is” basis with no guarantee of completeness, accuracy, usefulness, fitness for purpose or timeliness.
- By their nature, outlooks are always uncertain
How often do we update the data?
- We aim to update the data series on the 9th and 24th of each month (but we do not always make it for each chart)
- The data for the current month and recent history are fine-tuned over time.
What are we doing to improve the data?
- We are continually improving our data collection and processing methods
- Pricing data will be updated from time to time as we improve the accuracy
- We are reviewing all data sources in the first half of 2024.
- There will be continuous fine-tuning of the trend and forecast algorithm as part of that.
- The key focus in 2024 is to add many additional indexes
How can i give feedback on the data or request for new indexes
- Feel free to contact us if you have a specific request. You can reach us via the Contact us page