For the Quarter Ending September 2025
North America
• In United States, the Beta Pinene Price Index rose quarter-over-quarter in Q3 2025, driven by increasing production costs.
• Beta Pinene production costs faced upward pressure from a 2.6% PPI increase in August 2025, despite easing natural gas prices.
• Beta Pinene demand outlook was mixed, with strong retail sales up 5.42% in September 2025 offset by declining consumer confidence.
• US manufacturing inventories stabilized in August 2025, while the goods trade deficit narrowed due to increased exports.
• Energy feedstock costs for Beta Pinene saw relief as US Henry Hub natural gas spot prices eased in Q3 2025.
• Sector signals indicated fluctuating housing starts in Q3 2025 and manufacturing shipments inched down in August 2025.
• Moderate inflation, with CPI up 3.0% in September 2025, and a 4.3% unemployment rate influenced consumer spending.
• The Beta Pinene Price Index is forecast to remain stable to slightly increasing, influenced by persistent cost pressures.
Why did the price of Beta Pinene change in September 2025 in North America?
• Producer Price Index rose 2.6% in August 2025, increasing Beta Pinene manufacturing input costs.
• Consumer Price Index increased 3.0% in September 2025, impacting end-product purchasing power for Beta Pinene.
• Industrial production was up only 0.1% in September 2025, limiting demand growth from industrial sectors.
APAC
• In China, the Beta Pinene Price Index fell quarter-over-quarter in Q3 2025, driven by weakened overall chemical demand.
• Beta Pinene production costs remained elevated in Q3 2025 due to higher Asian LNG spot prices.
• Demand for Beta Pinene faced headwinds as China's Manufacturing Index was contracting in September 2025.
• Consumer confidence, at 89.6 in September 2025, indicated pessimism, impacting discretionary spending for Beta Pinene derivatives.
• China's CPI decreased by 0.3% year-over-year in September 2025, reflecting weak consumer demand for end products.
• The PPI decreased by 2.3% year-over-year in September 2025, signaling weak industrial demand and lower producer prices.
• Despite a 6.5% year-over-year increase in industrial production in September 2025, overcapacity persisted in the chemical industry.
• Beta Pinene demand outlook is challenged by contracting real-estate investment in the construction sector in Q3 2025.
• The Beta Pinene price forecast suggests continued pressure from persistent overcapacity and decelerating economic growth.
Why did the price of Beta Pinene change in September 2025 in APAC?
• Weakened overall chemical demand in China, coupled with a contracting Manufacturing Index in September 2025.
• Negative CPI and PPI year-over-year in September 2025 indicated falling consumer and producer prices.
• Persistent overcapacity in China's chemical industry contributed to downward pressure on Beta Pinene prices.
Europe
• In Germany, the Beta Pinene Price Index fell quarter-over-quarter in Q3 2025, influenced by contracting industrial activity.
• Beta Pinene production costs faced upward pressure from elevated European natural gas prices throughout Q3 2025.
• Producer prices of industrial products decreased by 1.7% year-over-year in September 2025, easing Beta Pinene production costs.
• Germany's industrial production declined by 1.0% year-over-year in September 2025, signaling reduced Beta Pinene demand.
• The Manufacturing Index for Germany was contracting in Q3 2025, indicating subdued demand for industrial raw materials.
• Retail sales in Germany rose by 0.2% year-over-year in September 2025, offering modest support for Beta Pinene demand.
• Stable unemployment at 6.3% in September 2025 constrained consumer purchasing power, dampening discretionary Beta Pinene demand.
• The Beta Pinene price trend remained stable with downward pressure in Q3 2025, influenced by subdued industrial confidence.
Why did the price of Beta Pinene change in September 2025 in Europe?
• Producer prices fell 1.7% year-over-year in September 2025, reducing Beta Pinene production costs.
• Contracting Manufacturing Index and declining industrial production weakened Beta Pinene demand in Q3 2025.
• Elevated European natural gas prices in Q3 2025 increased Beta Pinene manufacturing expenses.
