Nitro Cellulose Prices In India
- India: 3415 USD/MT
The price of nitro cellulose in India increased and hit $3,415 per metric ton in the last quarter of 2023.
The latest report by IMARC Group, titled “Nitro Cellulose Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of Prices. This report delves into the price of Nitro Cellulose globally, presenting a detailed analysis, along with an informative Nitro Cellulose Price Chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Nitro Cellulose Prices Analysis
- Saudi Arabia: 3950 USD/MT
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The study delves into the factors affecting nitro cellulose price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/nitro-cellulose-pricing-report/requestsample
Nitro Cellulose Price Trend Last Quarter
The nitro cellulose market is primarily driven by its extensive application in various industries, including coatings, printing inks, automotive, and cosmetics. In the coatings industry, nitro cellulose is valued for its quick-drying properties, making it essential in automotive paints, wood finishes, and industrial coatings. The demand from the printing inks sector is bolstered by the increasing need for high-quality, durable inks in packaging and labeling, which require nitro cellulose for their adhesive and film-forming properties. Additionally, the growing cosmetics industry utilizes Nitro Cellulose in products like nail polishes, where its fast-drying and glossy finish are highly desirable.
Nitro Cellulose Industry Analysis
The nitrocellulose market in North America experienced significant price fluctuations in Q2 2024 due to supply constraints and cost variations for critical raw materials like nitric acid. The US, as a net importer, was particularly susceptible to global market changes, with rising nitric acid prices directly impacting the cost of Nitro Cellulose. Supply chain disruptions, geopolitical tensions, and higher freight costs tightened the market. Demand remained strong across key sectors such as coatings, printing, and cosmetics, but supply challenges kept prices volatile.
A price rebound towards the end of the quarter reflected these supply chain issues and a steady demand environment, creating a bullish market sentiment. In the Asia-Pacific region, nitro cellulose prices saw an upward trend due to increased demand and constrained supply. Shipping disruptions, particularly around key maritime routes like the Strait of Malacca and the Port of Singapore, created logistical bottlenecks, driving up transportation costs. Adverse weather conditions and geopolitical tensions further exacerbated these challenges, contributing to a hike in ocean freight rates.
Similarly, nitro cellulose prices in Europe increased due to higher nitric acid costs and increased demand from industries like explosives, printing, and rubber. Geopolitical uncertainties and logistical disruptions further strained supply lines. However, improved supplier delivery times and increased subcontractor availability stabilized prices, resulting in cautious optimism.
In the Middle East and Africa (MEA) region, nitro cellulose prices were driven up by supply chain constraints and robust demand from downstream industries. Shipping capacity issues from Asia, rising freight rates due to congestion and tariff evasions, and geopolitical tensions, especially in the Red Sea, exacerbated these challenges.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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