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Nitrobenzene Pricing, Demand and Supply Overview
Nitrobenzene prices in Germany, the highest-cost reporting region, rose 2.3% in Q2 2026 to USD 1,330.00/MT from USD 1,300.00/MT in Q1, holding at the top of the range that has characterized this market throughout 2025 and into 2026. Chinese prices posted the strongest quarterly gains of the four regions, rising 6.1% in Q2 to USD 1,220.00/MT, driven by strong demand from the aniline and downstream chemical production chain. Globally, the average rose from USD 1,180.20/MT in Q1 to USD 1,219.00/MT in Q2, a 3.3% gain, continuing a firming trend that began in Q3 2025 after a softer first half. For H2 2026, a global average of USD 1,100.00-1,350.00/MT is expected, with MDI demand cushioning prices even as Chinese integrated capacity keeps a lid on Asian spot values.
Nitrobenzene is a pale yellow oily liquid produced commercially by the nitration of benzene with a mixed acid of nitric and sulphuric acid. It sits inside the aromatic nitro compounds category rather than the commodity aromatics one, and is overwhelmingly captive to a single downstream value chain: the conversion into aniline, which is further processed into MDI for polyurethane manufacturing, alongside smaller volumes feeding rubber chemicals, agrochemical intermediates, and dye production. Because it is so tightly linked to aniline and MDI economics, this market rarely appears in broader benzene or toluene price conversations, yet matters a great deal to polyurethane, automotive seating, and construction insulation manufacturers. Benzene feedstock costs, nitric and sulphuric acid costs, and downstream MDI demand cycles are what drive prices in this market.
Nitrobenzene Price Forecast for 2026
The outlook for Nitrobenzene through the remainder of 2026 leans modestly firm, with MDI demand for construction insulation, automotive seating, and refrigeration appliance foams expected to cushion prices even as Chinese integrated capacity keeps a lid on Asian spot values. European prices should continue holding a structural premium, supported by elevated benzene and natural gas costs alongside REACH compliance overhead.
The main upside risk is a further tightening of benzene or nitric and sulphuric acid feedstock availability, which could push prices higher than currently forecast. The main downside risk is a faster-than-expected softening of MDI and polyurethane demand combined with expanding Chinese integrated capacity, which could ease the current firming trend.
| Region | 2026 Price Range (USD/MT) | Outlook |
| Global Average | 1,100.00 - 1,350.00 | MDI demand cushions prices even as Chinese capacity caps gains |
| Germany | 1,250.00 - 1,450.00 | Elevated benzene and natural gas costs sustain the highest cost |
| United States | 1,100.00 - 1,300.00 | Steady MDI and polyurethane demand supports continued firmness |
| India | 1,030.00 - 1,220.00 | Growing aniline and dye demand drives continued gains |
| China | 1,080.00 - 1,320.00 | Integrated capacity keeps a lid on further gains |
For the Quarter Ending June 2026
Nitrobenzene Prices Q2 2026:
- Germany: USD 1,330.00/MT
- United States: USD 1,190.00/MT
- India: USD 1,120.00/MT
- China: USD 1,220.00/MT
Nitrobenzene Prices in Germany
German Nitrobenzene prices averaged USD 1,330.00/MT in Q2 2026, the highest of any region tracked here, up 2.3% from USD 1,300.00/MT in Q1, supported by elevated benzene and natural gas costs alongside REACH compliance overhead.
Why did the price of Nitrobenzene change in Q2 2026 in Germany?
Europe continued posting the highest regional prices, supported by elevated benzene and natural gas costs, REACH compliance overhead, and energy costs for European producers that kept this market at the top of the range tracked in this report.
Nitrobenzene Prices in the United States
US prices averaged USD 1,190.00/MT in Q2 2026, up 2.6% from USD 1,160.00/MT in Q1, as steady MDI and polyurethane demand continued supporting this market.
Why did the price of Nitrobenzene change in Q2 2026 in the United States?
Steady demand from MDI producers serving construction insulation, automotive seating, and refrigeration appliance foam applications kept US buyers active even as feedstock costs moved higher through the quarter.
Nitrobenzene Prices in India
Indian prices averaged USD 1,120.00/MT in Q2 2026, up 2.8% from USD 1,090.00/MT in Q1, as growing aniline and dye demand continued driving gains.
Why did the price of Nitrobenzene change in Q2 2026 in India?
Continued growth in demand from aniline-based dye manufacturers and downstream chemical intermediate producers kept Indian buyers competing for available supply.
Nitrobenzene Prices in China
Chinese prices averaged USD 1,220.00/MT in Q2 2026, up 6.1% from USD 1,150.00/MT in Q1, the strongest quarterly gain of any region tracked here, driven by strong demand from the aniline and downstream chemical production chain.
Why did the price of Nitrobenzene change in Q2 2026 in China?
Strong demand from aniline and downstream chemical production drove the upward trend, with active industrial operations and tightening supply conditions further supporting firm pricing momentum across the region.
For the Quarter Ending March 2026
Nitrobenzene Prices Q1 2026:
- Germany: USD 1,300.00/MT
- United States: USD 1,160.00/MT
- India: USD 1,090.00/MT
- China: USD 1,150.00/MT
Nitrobenzene Prices in Germany
German prices rose 1.6% in Q1 2026 to USD 1,300.00/MT from USD 1,280.00/MT in Q4 2025, holding at the top of its established 2025 range.
Why did the price of Nitrobenzene change in Q1 2026 in Germany?
Europe continued posting the highest regional prices, averaging above USD 1.25 per kilogram, supported by elevated benzene and natural gas costs, REACH compliance overhead, and energy costs for European producers.
Nitrobenzene Prices in the United States
US prices rose 3.6% in Q1 2026 to USD 1,160.00/MT from USD 1,120.00/MT in Q4 2025, tracking firm upstream benzene costs.
Why did the price of Nitrobenzene change in Q1 2026 in the United States?
The global Nitrobenzene market showed steady and positive growth, supported by firm upstream benzene costs, stable production rates, and consistent downstream demand across major regions.
Nitrobenzene Prices in India
Indian prices rose 3.8% in Q1 2026 to USD 1,090.00/MT from USD 1,050.00/MT in Q4 2025, tracking the broader Asian firming trend.
Why did the price of Nitrobenzene change in Q1 2026 in India?
Firm upstream benzene costs and consistent downstream demand across the aniline and dye manufacturing sectors kept Indian pricing on a steady upward path through the quarter.
Nitrobenzene Prices in China
Chinese prices rose 6.5% in Q1 2026 to USD 1,150.00/MT from USD 1,080.00/MT in Q4 2025, with the Nitrobenzene Price Trend remaining bullish throughout the quarter and noticeable increases in March due to stronger buying interest and rising feedstock costs.
Why did the price of Nitrobenzene change in Q1 2026 in China?
The upward trend was driven by strong demand from aniline and downstream chemical production, along with rising feedstock costs, with active industrial operations and tightening supply conditions supporting firm pricing momentum, reversing a brief February dip attributed to softened demand from the aniline and downstream polyurethane sectors.
Quarterly Nitrobenzene Price Trends
Global Nitrobenzene prices held a softening tone through the first half of 2025 before firming steadily from Q3 onward, with rising benzene feedstock costs and firm downstream MDI and aniline demand pushing the global average higher in every subsequent quarter tracked in this report, led by a particularly sharp Chinese acceleration in Q2 2026.
| Quarter | Price (USD/MT) | QoQ Change | Direction |
| Q2 2026 | 1,219.00 | +3.3% | ↑ Rising |
| Q1 2026 | 1,180.20 | +3.6% | ↑ Rising |
| Q4 2025 | 1,139.20 | +4.7% | ↑ Rising |
| Q3 2025 | 1,088.40 | +6.0% | ↑ Rising |
| Q2 2025 | 1,026.60 | - | — Stable |
| Q3 2026 | In Progress | - | — In Progress |
What was Nitrobenzene Price in 2025?
Nitrobenzene firmed across every market covered in this report through 2025, tracking rising benzene feedstock costs and firm downstream MDI, aniline, and dye demand, with China posting the strongest annual gain of the four regions as domestic aniline and chemical production demand accelerated through the year.
Nitrobenzene Prices in Germany in 2025
German prices firmed from about USD 1,230.00/MT in Q1 2025 to USD 1,280.00/MT by Q4, a gain of roughly 4.1%, holding this market's structural premium throughout.
Nitrobenzene Prices in the United States in 2025
US prices firmed from about USD 1,040.00/MT in Q1 2025 to USD 1,120.00/MT by Q4, up roughly 7.7%, tracking firm MDI and polyurethane demand.
Nitrobenzene Prices in India in 2025
Indian prices firmed from about USD 970.00/MT in Q1 2025 to USD 1,050.00/MT by Q4, a gain of roughly 8.2%, tracking growing aniline and dye demand.
Nitrobenzene Prices in China in 2025
Chinese prices firmed from about USD 950.00/MT in Q1 2025 to USD 1,080.00/MT by Q4, up roughly 13.7%, the strongest annual increase of the four regions, tracking accelerating domestic aniline and downstream chemical production demand.
How We Can Help
Expert Market Research: Your Source for Real-Time Nitrobenzene Price Intelligence
Expert Market Research tracks Nitrobenzene prices continuously across every major producing and consuming region, combining benzene feedstock cost data, nitric and sulphuric acid cost signals, and downstream MDI demand cycle trends into a single, regularly updated view of the market. Our team can help your procurement function benchmark current offers, plan purchases around the firming trends covered in this report, and build a defensible view of where this essential aniline precursor is headed next. Reach out to our team for a tailored briefing or a deeper look at any of the regional markets covered here.
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It is overwhelmingly captive to a single downstream value chain: conversion into aniline, which is further processed into MDI for polyurethane manufacturing, alongside smaller volumes feeding rubber chemicals, agrochemical intermediates, and dye production.
The Q2 2026 global average was USD 1,219.00/MT, ranging from USD 1,120.00/MT in India to USD 1,330.00/MT in Germany.
The global average rose from USD 1,139.20/MT in Q4 2025 to USD 1,180.20/MT in Q1 2026 and then to USD 1,219.00/MT in Q2, continuing a firming trend that began in Q3 2025 after a softer first half of that year.
Nitrobenzene sits inside the aromatic nitro compounds category rather than the commodity aromatics one, and is overwhelmingly captive to one downstream value chain, the aniline-MDI-polyurethane chain, giving it distinct demand drivers from broader benzene derivative markets.
The global average is expected in the USD 1,100.00-1,350.00/MT range, with MDI demand likely to cushion prices even as Chinese integrated capacity keeps a lid on Asian spot values.
India holds the lowest cost among the regions tracked here, while Germany carries the highest cost given elevated benzene and natural gas costs and REACH compliance overhead.
This report is updated monthly. For real-time pricing intelligence, connect with the Expert Market Research team.
Benzene feedstock costs, nitric and sulphuric acid costs, and downstream MDI demand cycles.
China maintains substantial integrated aniline production capacity, with Germany, the United States, and India also significant producing and consuming markets tied to their domestic polyurethane and dye industries.
Buyers can monitor benzene feedstock cost trends and downstream MDI demand cycles given their outsized influence on this market, time forward purchases around the quarterly breakdowns in this report, and benchmark supplier quotes against the tracked price ranges.
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