For the Quarter Ending September 2025
North America
• In United States, the Bronze Price Index rose quarter-over-quarter in Q3 2025, driven by rising production costs and resilient demand.
• Bronze production costs increased due to a 2.6% rise in Producer Price Index in August 2025 and upward pressure on natural gas prices.
• Overall Bronze demand outlook was mixed, with industrial production up 0.1% in September 2025, but consumer confidence declined.
• Retail sales increased 5.42% year-over-year in September 2025, supporting demand for consumer-facing Bronze applications.
• Manufacturing activity showed marginal gains in July and August, then was flat in September 2025, impacting industrial Bronze demand.
• Automotive production increased during August-September 2025, boosting Bronze demand in that key sector.
• Construction supplies production expanded in September 2025, indicating stronger demand for Bronze in construction applications.
• The unemployment rate was 4.3% in September 2025, supporting overall economic activity and broad Bronze demand.
• Bronze price forecast suggests continued stability to slight increases, influenced by persistent cost pressures and varied demand signals.
Why did the price of Bronze change in September 2025 in North America?
• Rising input costs, with Producer Price Index up 2.6% in August 2025, directly impacted Bronze production expenses.
• Upward pressure on natural gas prices year-over-year in Q3 2025 increased energy costs for Bronze manufacturing.
• Mixed demand signals from industrial production and declining consumer confidence influenced overall Bronze market dynamics.
APAC
• In China, the Bronze Price Index fell quarter-over-quarter in Q3 2025, influenced by weak consumer and industrial demand.
• Bronze production costs faced upward pressure as general manufacturing input costs accelerated in August 2025.
• Demand for Bronze was mixed; automotive demand strengthened, but construction sector activity remained subdued in Q3 2025.
• The Manufacturing Index was contracting in September 2025, indicating reduced industrial activity and lower raw material demand.
• China's industrial production expanded by 6.5% year-on-year in September 2025, supporting some demand for industrial inputs.
• Consumer confidence remained pessimistic at 89.6 index in September 2025, dampening overall purchasing power for end-use goods.
• Raw material inventories for manufacturing stayed low in August 2025, while backlogged work accumulated, suggesting some demand pickup.
• New export orders for manufacturing strengthened in September 2025, particularly for surging automotive exports.
• The Bronze Price Forecast suggests continued pressure from structural oversupply in the broader industrial market.
Why did the price of Bronze change in September 2025 in APAC?
• Weak consumer demand, evidenced by CPI falling 0.3% and consumer confidence at 89.6 in September 2025, reduced end-product demand.
• Declining factory gate prices (PPI fell 2.3% in September 2025) and a contracting Manufacturing Index pressured raw material prices.
• Despite robust automotive exports and industrial production growth of 6.5% in September 2025, overall demand remained challenged.
Europe
• In Germany, the Bronze Price Index fell quarter-over-quarter in Q3 2025, driven by weakened industrial output.
• Bronze production costs rose in Q3 2025 due to strengthened wholesale electricity and elevated natural gas prices.
• Industrial production declined 1.0% in September 2025, contributing to a subdued Bronze demand outlook.
• The Manufacturing Index contracted in Q3 2025, indicating a broad slowdown in industrial activity.
• Consumer Price Index increased 2.4% year-over-year in September 2025, impacting consumer purchasing power.
• Producer prices decreased 1.7% in September 2025, from lower energy costs, supporting profitability.
• Global copper mine production growth slowed in 2025, influencing feedstock availability for Bronze.
• Automotive sector employment declined significantly in Q3 2025, signaling reduced demand from a key industry.
Why did the price of Bronze change in September 2025 in Europe?
• Industrial production in Germany declined 1.0% in September 2025, reducing overall demand for Bronze.
• Wholesale electricity and natural gas prices strengthened in Q3 2025, increasing Bronze production costs.
• The Manufacturing Index contracted in Q3 2025, reflecting a broad slowdown in industrial activity.
