Product
Nitro Toluene Price Trend and Forecast
Nitro Toluene Price Trend and Forecast
Regional Market Overview
Get the latest insights on price movement and trend analysis of Nitrotoluene in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Nitrotoluene Price Trend for the H1 of 2023
Asia
The first two quarters of 2023 witnessed a declining trend in the prices of Nitrotoluene in the Asia- Pacific market. The adverse effects of subdued demand from the pesticides and drug industries and rising stockpiles of raw materials were the major factors influencing the price trend of Nitrotoluene. The sales of the petrochemical sector and depletion in the elastomer sector also negatively impacted the nitrotoluene market.
Europe
The lower value of Nitrotoluene in the European region was the direct result of the slow movement of the pharmaceuticals and herbicides industries. As a result of this, the sales of end-user industries declined, which reduced the interest of investors in the market. In addition, uncertainties in the energy production costs and disruptions in the logistics sector further pushed the price trend of Nitrotoluene into the negative zone.
North America
The price trend of Nitrotoluene in North America was the opposite of that observed in the Asia-Pacific and European markets. The prices here surged as the market activities of pigments, agricultural, and antioxidants industries inclined significantly, raising the demand for Nitrotoluene. The see-saw prices of crude oil and rising requirement of the product from the downstream automotive and construction industries supported the nitrotoluene market, and thus, the trend in the first two quarters of 2023 inclined.
Analyst Insight
According to Procurement Resource, the price of Nitrotoluene is expected to showcase a fluctuating trend in the coming quarter, given the uncertain energy production costs and volatile demand from the end-user industries.
Procurement Resource provides latest prices of Nitro Toluene. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
Nitrotoluene has a chemical formula C7H7NO2 and is often found in three isomeric forms that differ in the placement of nitro group on toluene, namely ortho, para, and meta nitrotoluene. Nitrotoluenes are liquids that are light yellow in appearance and have a distinct fragment-like smell. The production of colors, agrochemicals, and medicines employ them as intermediates. They can also burn easily and release poisonous gases on heating.
Product Details
| Report Features | Details |
| Product Name | Nitrotoluene |
| Chemical Formula | CH3C6H4NO2 |
| Industrial Uses | Production of explosives, Dyes and pigments, Pharmaceuticals, Solvents |
| Molecular Weight | 132.136 g/mol |
| CAS Number | 99-99-0 (4-Nitrotoluene), 88-72-2 (2-Nitrotoluene), 99-08-1 (3-Nitrotoluene) |
| HS Code | 29042050 (4-Nitrotoluene), 29042000 (2-Nitrotoluene), 29042030 (3-Nitrotoluene) |
| Synonyms | 4-methylnitrobenzene, Nitrotoluene, p-isomer, m-isomer, o-isomer, 1-methyl-4-nitrobenzene |
| Supplier Database | Lanxess, BASF, Josef Meissner, Tsaker Chemical, Shaoxing Biotech Chemical, Huchems Fine Chemical |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Processes
The production of nitrotoluene involves the nitration of toluene in the liquid solution of sulfuric and nitric acids. In order to produce ortho-nitrotoluene, meta-nitrotoluene, and para-nitrotoluene, the temperature is initially kept at 25 degrees Celsius and then gradually increased to 35-40 degrees Celsius. Lastly, fractional distillation and crystallization are used to separate these isomers.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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