Dinitrochlorobenzene (DNCB) Prices: During the Quarter Ending December 2023

In North America, particularly in the United States, the fourth quarter of 2023 witnessed notable shifts in the Dinitrochlorobenzene (DNCB) market. Initially, prices experienced a moderate increase from October to November, buoyed by heightened consumer spending, signs of easing inflation, and more affordable gas prices, all contributing to increased demand. However, December saw a decline attributed to reduced demand from downstream industries and ample market supply. Despite sustained high demand driven by decreased inflationary pressures and increased consumer confidence, the depreciation of the US dollar against foreign currencies, particularly the Chinese yuan, resulted in more expensive imports and restricted domestic supply. These factors, coupled with heightened holiday season demand, led to elevated DNCB prices. However, prices dipped towards the end of the quarter due to a resurgence of inflationary pressure, prompting cautious consumer spending and impacting DNCB demand overall.

Get Real Time Prices of Dinitrochlorobenzene (DNCB): https://www.chemanalyst.com/Pricing-data/dinitrochlorobenzene-1553

In the APAC region, the fourth quarter of 2023 for Dinitrochlorobenzene (DNCB) was characterized by several influential factors affecting market dynamics and prices. Strong demand from the healthcare and pharmaceutical sectors, coupled with constrained supplies, drove prices up. Additionally, rising costs of key raw materials like sulphuric acid and nitric acid increased production costs, further contributing to price hikes. In India, significant price fluctuations were observed, with a bullish trend in November driven by heightened demand and constrained supply, followed by a slight decline in December due to slower demand and high interest rates. Overall, the pricing trend for DNCB in India showed an initial increase in October and November followed by a decrease in December, with the current quarter's price of 2,4-Dinitrochlorobenzene (DNCB) Ex-Mumbai standing at USD 1267/MT.

In Europe, the DNCB market faced notable influences on prices during the fourth quarter of 2023. Initially, prices improved due to increased demand from end-user sectors like printing, plastic, and textiles, driven by rising consumer spending and reduced inventories. However, prices later declined due to persistent inflationary pressures, particularly high energy costs, impacting consumers' purchasing power. This price downturn coincided with an overall slowdown in business activity, marked by a contraction in new orders and purchases. In Spain, although the market remained stable, inflation moderation was observed, with constrained DNCB supply in the domestic market and consumer inclination towards spending despite high interest rates. The price of 2,4-Dinitrochlorobenzene (DNCB) CFR Barcelona in Spain during the fourth quarter of 2023 was USD 1420/MT.

Get Real Time Prices of Dinitrochlorobenzene (DNCB): https://www.chemanalyst.com/Pricing-data/dinitrochlorobenzene-1553

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