For the Quarter Ending September 2025
North America
• In United States, the Anthraquinone Price Index rose quarter-over-quarter in Q3 2025, driven by persistent cost inflation.
• Anthraquinone production costs increased due to a 3.0% year-over-year CPI rise in September 2025, impacting raw materials.
• Producer costs for Anthraquinone rose, indicated by a 2.6% year-over-year PPI increase in August 2025, affecting input expenses.
• Anthraquinone demand outlook faced headwinds from a 0.1% year-over-year industrial production increase in September 2025.
• Robust retail sales, up 5.42% year-over-year in September 2025, offered some support for Anthraquinone in consumer applications.
• Weakening consumer confidence, declining to 94.2 in September 2025, suggested reduced discretionary spending, impacting Anthraquinone demand.
• US phthalic anhydride supply tightened in 2025 due to a major producer's exit, increasing Anthraquinone feedstock costs.
• U.S. natural gas prices experienced a year-over-year uptick in September 2025, contributing to higher energy costs for Anthraquinone.
Why did the price of Anthraquinone change in September 2025 in North America?
• Anthraquinone production costs rose due to a 3.0% CPI increase in September 2025, affecting raw materials.
• Tightened US phthalic anhydride supply in 2025, a key feedstock, increased Anthraquinone production expenses.
• A 2.6% PPI increase in August 2025 indicated rising producer costs, impacting Anthraquinone's selling price.
APAC
• In China, the Anthraquinone Price Index softened quarter-over-quarter in Q3 2025, influenced by declining factory gate prices.
• Anthraquinone production costs generally softened in Q3 2025, driven by weaker phthalic anhydride feedstock prices due to oversupply.
• Anthraquinone demand outlook faced headwinds from a contracting Manufacturing Index in September 2025, signaling reduced industrial activity.
• Despite industrial production expanding 6.5% year-on-year in September 2025, overall chemical demand growth slowed.
• Consumer confidence at 89.6 in September 2025 indicated pessimism, impacting discretionary spending and Anthraquinone dye applications.
• Retail sales grew 3.0% year-on-year in September 2025, providing some support for Anthraquinone demand in the textile sector.
• Ample hydrogen peroxide inventories and benzene accumulation in Q3 2025 contributed to easing market prices.
• China's chemical industry continued to experience structural overcapacity in Q3 2025, contributing to a bearish market environment.
Why did the price of Anthraquinone change in September 2025 in APAC?
• Declining Producer Price Index of -2.3% in September 2025 indicated weak industrial demand and oversupply.
• A contracting Manufacturing Index in September 2025 signaled reduced new orders and overall industrial activity.
• Softening phthalic anhydride feedstock costs in Q3 2025, coupled with ample supply, eased production expenses.
Europe
• In Germany, the Anthraquinone Price Index fell quarter-over-quarter in Q3 2025, driven by weak industrial activity.
• Anthraquinone production costs showed a falling trend in Q3 2025, influenced by a -1.7% PPI in September 2025.
• The Anthraquinone demand outlook remained weak due to a Contracting Manufacturing Index in Q3 2025.
• Low European benzene feedstock costs throughout Q3 2025 supported lower Anthraquinone production expenses.
• Industrial production declined by -1.0% year-over-year in September 2025, significantly reducing Anthraquinone consumption.
• European natural gas prices moderated in Q3 2025, softening the energy feedstock context for Anthraquinone.
• Consumer spending faced pressure from a 2.4% CPI year-over-year in September 2025, impacting end-use demand.
• Retail sales grew modestly by 0.2% year-over-year in September 2025, offering slight support for consumer applications.
• The unemployment rate stood at 6.3% in September 2025, reflecting a stable but not strong labor market.
• Stabilizing consumer confidence in Q3 2025 suggests potential future demand uptick for Anthraquinone derivatives.
Why did the price of Anthraquinone change in September 2025 in Europe?
• Weak industrial activity and a Contracting Manufacturing Index reduced Anthraquinone demand.
• Production costs eased from a -1.7% PPI in September 2025 and low European benzene feedstock.
• Industrial production declined -1.0% year-over-year in September 2025, suppressing Anthraquinone consumption.
