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Nitro Benzene pricing rose across the US market in the first quarter of 2022 due to the pressure from global crude oil prices. Amidst constant escalation in upstream value, major companies have been heard facing inflationary pressure. Onset of the Ukraine-Russia crisis in the last week of February drove up global crude oil prices, resulting in a sharp jump in raw material prices in the international market. Meanwhile, the overall upswing in Nitro Benzene prices in North America was backed by global economic recovery and seasonal demand. While growing raw material costs pushed up prices of downstream goods across regional markets, demand fundamentals for the product from the downstream Aniline market remained high. Nitro Benzene prices in the USA fluctuated in the range between USD 1250-1380/MT in Q1-2022.

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