Indian Nitrobenzene Prices

Nitrobenzene dropped to Rs 103.00/kg in Delhi after declining by Rs 12.00/kg during the week. Indian Nitrobenzene prices were assessed at Rs 115.00/kg only four days earlier, showing a rapid short-term reduction. The monthly fall is larger at Rs 37.00/kg from the earlier value of Rs 140.00/kg. The latest assessment is close to the lower end of recent trading and provides buyers with a substantially reduced benchmark compared with the levels recorded earlier in the month.
The product is down Rs 27.00/kg over three months from Rs 130.00/kg. However, Nitrobenzene prices in India remain Rs 18.50/kg above the six-month level of Rs 84.50/kg. Indian Nitrobenzene prices have traded as high as Rs 150.00/kg during the past year, illustrating the difference between the yearly peak and the current value. Support is identified near Rs 100.00/kg, while resistance is noted around Rs 115.00/kg. Manufacturers, traders and procurement teams can use the stated range, monthly decline and longer historical comparisons to review supplier quotations and immediate buying requirements. The data reflects verified observed market movements only. It does not predict whether the support level will hold, whether the decline will continue or whether purchasing conditions will change in the next assessment. Nitrobenzene, Chemical Prices, Market Weakness, Petrochemicals, Weekly Decline, Monthly Decline.
Read the full verified update on IndianPetrochem.com.