For the Quarter Ending September 2025
APAC
• In China, the Butyl Triglycol Price Index fell quarter-over-quarter in Q3 2025, influenced by easing feedstock costs and weak producer prices.
• Butyl Triglycol production costs eased in Q3 2025 as n-Butanol feedstock prices moderately declined.
• Manufacturing activity contracted in September 2025, despite industrial production growing 6.5% year-on-year.
• Consumer demand for Butyl Triglycol was dampened by a -0.3% CPI and 5.2% unemployment rate in September 2025.
• Butyl Triglycol demand outlook is mixed, with strengthening automotive sales offsetting real estate investment contraction.
• Domestic n-Butanol inventories experienced mild oversupply in Q3 2025, indicating ample feedstock availability.
• China's chemical overcapacity continued to exert downward pressure on Butyl Triglycol prices throughout Q3 2025.
• Retail sales grew 3.0% year-on-year in September 2025, supporting consumer-facing Butyl Triglycol applications.
Why did the price of Butyl Triglycol change in September 2025 in APAC?
• Producer prices fell 2.3% year-on-year in September 2025, reflecting weak industrial demand.
• n-Butanol feedstock costs eased moderately in Q3 2025, reducing Butyl Triglycol production expenses.
• Contracting manufacturing activity and chemical overcapacity pressured Butyl Triglycol prices downward in Q3 2025.
Europe
• In Germany, the Butyl Triglycol Price Index fell quarter-over-quarter in Q3 2025, influenced by lower producer prices (-1.7%) in September 2025.
• Butyl Triglycol production costs edged higher in Q3 2025, driven by elevated natural gas and electricity tariffs.
• Butyl Triglycol demand outlook was bearish as industrial production declined 1.0% in September 2025.
• The Manufacturing Index contracted in Q3 2025, signaling reduced industrial activity and impacting Butyl Triglycol demand.
• Automotive sector production rebounded sharply in September 2025, providing a positive signal for Butyl Triglycol demand.
• European n-butanol supply remained ample in Q3 2025, maintained by sustained high run-rates and robust terminal stocks.
• Germany's exports declined in Q3 2025, while retail sales rose 0.2% in September 2025.
• The Consumer Price Index rose 2.4% and unemployment remained 6.3% in September 2025, indicating mixed consumer sentiment.
Why did the price of Butyl Triglycol change in September 2025 in Europe?
• Producer prices fell 1.7% in September 2025, driven by lower energy costs for industrial products.
• Industrial production declined 1.0% in September 2025, reducing overall Butyl Triglycol demand in manufacturing.
• Ample n-butanol supply in Q3 2025, with weak industrial output, pressured Butyl Triglycol prices.
North America
• In United States, the Butyl Triglycol Price Index remained stable quarter-over-quarter in Q3 2025, influenced by mixed macroeconomic signals.
• Butyl Triglycol production costs were pressured by a 2.6% year-over-year PPI increase in August 2025, indicating rising input costs.
• Demand for Butyl Triglycol was supported by a 5.42% year-over-year rise in retail sales in September 2025, boosting consumer goods.
• The Butyl Triglycol demand outlook faced headwinds from a marginal 0.1% year-over-year industrial production increase in September 2025.
• Ethylene oxide demand, a key precursor, was constrained in Q3 2025 due to uncertain automotive industry demand.
• Residential construction spending surged in August 2025, positively impacting Butyl Triglycol demand in coatings applications.
• Stable Henry Hub natural gas spot prices in Q3 2025 helped moderate Butyl Triglycol energy and feedstock costs.
• A 4.3% unemployment rate in September 2025 supported overall economic activity and Butyl Triglycol end-use demand.
Why did the price of Butyl Triglycol change in September 2025 in North America?
• Rising input costs, indicated by a 2.6% year-over-year PPI increase in August 2025, pressured Butyl Triglycol prices.
• Robust retail sales, up 5.42% year-over-year in September 2025, supported Butyl Triglycol demand in consumer sectors.
• Stable natural gas prices in Q3 2025 and rising global oil inventories helped to temper Butyl Triglycol production costs.
