Subdued Textile Keeps Nitro Chloro Benzene Prices Soft this Month in Asia
- 04-Feb-2025 5:15 PM
- Journalist: Jacob Kutchner
The Nitro Chloro Benzene (NCB) market in key Asian regions remained stable this week, supported by steady demand from the dyes and pigments sector, particularly in textile production. While global trade uncertainties and macroeconomic pressures persist, the gradual expansion of the textile and apparel industry has ensured stable consumption of Nitro Chloro Benzene as a dye intermediate.
China’s Nitro Chloro Benzene market remained stable, with demand supported by the downstream industries. Textile manufacturing grew by 0.5%, and brand apparel sales increased by 1.5%, reinforcing the need for aniline-based dyes, a key downstream derivative. Growth in sportswear and premium apparel has further strengthened demand for high-performance dyes, contributing to the steady consumption of Nitro Chloro Benzene-derived intermediates. Export-oriented textile production continues to maintain stable raw material usage. However, factors such as macroeconomic slowdowns, trade frictions, and exchange rate fluctuations could influence the market. Despite these external challenges, the market outlook remains steady in the near term.
In India, the Nitro Chloro Benzene market saw a slight increase this week, driven by stable textile demand and government initiatives. The country’s textile manufacturing sector grew by 0.49% in January, contributing to firm demand for dye intermediates, including Nitro Chloro Benzene derivatives. However, India’s stagnant textile exports, standing at $35 billion, remain a challenge as competitors like Bangladesh and Vietnam gain market share. While domestic demand is bolstered by policy-driven initiatives, global economic uncertainties continue to weigh on long-term Nitro Chloro Benzene market prospects.
Japan’s Nitro Chloro Benzene market remained steady, with stable demand from the dye and pigment industry. Leading textile manufacturer Kurabo reported that textiles accounted for 32.9% of its total revenue in the first half of fiscal 2025, underscoring the importance of Nitro Chloro Benzene in the sector. Despite domestic demand weakness and increasing price competition from overseas, Japan’s focus on high-performance textiles and advanced dyeing technologies is expected to sustain steady consumption of Nitro Chloro Benzene. Investments in sustainable textile innovations and smart manufacturing processes will likely support long-term market stability.
South Korea’s Nitro Chloro Benzene market remained unchanged, with stable manufacturing output increasing by 4.4%. However, weak domestic textile demand, reflected in a 3.7% decline in semi-durable goods sales, poses a challenge. A 7.2% rise in construction orders may support demand for technical textiles, helping sustain consumption. With adequate stock levels and balanced supply-demand conditions, the South Korean Nitro Chloro Benzene market is expected to maintain stability in the coming weeks.
As per ChemAnalyst Database “Overall, the Asian Nitro Chloro Benzene market is expected to remain steady, supported by sustained textile sector growth and stable raw material supply. However, external factors such as trade policies, macroeconomic trends, and global competition will continue to shape the Nitro Chloro Benzene market’s trajectory.”