Definition
Nitrotoluene is a chemical compound with the molecular formula C7H7NO2. It exists in three isomeric forms: ortho-nitrotoluene, meta-nitrotoluene, and para-nitrotoluene. It is a pale-yellow liquid with a distinct odor and is primarily used as an intermediate in the production of dyes, pigments, pharmaceuticals, and explosives. Nitrotoluene’s properties include its role as a precursor for various chemical reactions and its hazardous nature, requiring careful handling and storage.
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Key Details About the Nitrotoluene Price Trend:
In the first two quarters of 2023, the Asia Pacific market saw declining prices of nitrotoluene due to subdued demand from pesticides and drug industries and rising raw material stockpiles. Europe experienced lower nitrotoluene prices, driven by slow movement in pharmaceutical and herbicides industries, logistic disruptions, and uncertainties in energy production costs. However, in North America, the prices surged, propelled by increased demand from pigments, agricultural, and antioxidants industries, along with support from downstream automotive and construction sectors, and fluctuating crude oil prices.
Industrial Uses Impacting the Nitrotoluene Price Trend:
Nitrotoluene finds various industrial applications due to its versatility as an intermediate chemical. It is primarily used in the production of dyes and pigments, where its different isomeric forms are employed to create a wide range of colors. Additionally, nitrotoluene derivatives serve as essential intermediates in the synthesis of pharmaceutical compounds, including various medicines and agrochemicals. Another crucial industrial use lies in the manufacture of explosives, such as trinitrotoluene (TNT), where nitrotoluene plays a vital role as a precursor.
Key Players:
- Lanxess
- BASF
- Josef Meissner
- Tsaker Chemical
- Shaoxing Biotech Chemical
- Huchems Fine Chemical
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