O-chloronitrobenzene (ONCB), one of the main intermediates of Carbendazim, has been a topic recently.
Since early last month, price of chloronitrobenzene was adjusted from RMB4400/T to RMB3200, while o-chloronitrobenzene decreased from RMB7000/T to RMB6000/T. According to the report from bureaucracy, the total production capacity declined to only 46%, as many downstream producers of chloronitrobenzene keep the lowest stocks ever for their raw materials, it is very common to find zero stocks now during the economy crisis.
However, starting from June, ONCB’s market price was pushed by the market gap caused by the decrease in production capacity from the major producer Yangnong Group who has a total capacity of 100,000 T/year. Currently, ONCB’s market price is up by 10%. Price of Carbendazim is also escalating.
By Lynn |