For the Quarter Ending September 2025
North America
• In the United States, the Butylated Hydroxyanisole Price Index rose quarter-over-quarter in Q3 2025, driven by increased production costs.
• Butylated Hydroxyanisole production costs increased due to a 2.6% year-over-year PPI rise in August 2025, impacting raw material expenses.
• Strengthened benzene feedstock costs in North America during Q3 2025 further pressured Butylated Hydroxyanisole production expenses.
• A 3.0% year-over-year CPI increase in September 2025 indicated general inflation, contributing to higher operational costs for BHA producers.
• Butylated Hydroxyanisole demand was supported by a 5.42% year-over-year increase in retail sales in September 2025 for consumer goods.
• However, weakening consumer confidence, at 94.2 in September 2025, suggested reduced discretionary spending for BHA-containing products.
• Industrial production showed modest 0.1% year-over-year growth in September 2025, indicating limited expansion in BHA-consuming manufacturing.
• US chemical product exports increased year-on-year in July 2025, while imports decreased, influencing Butylated Hydroxyanisole trade flows.
Why did the price of Butylated Hydroxyanisole change in September 2025 in North America?
• BHA production costs rose from 2.6% PPI increase (August 2025) and strengthened benzene feedstock.
• A 3.0% CPI increase (September 2025) contributed to higher operational costs for BHA producers.
• Demand supported by 5.42% retail sales, tempered by weak consumer confidence (September 2025).
Europe
• In Germany, the Butylated Hydroxyanisole Price Index fell in Q3 2025, driven by significant demand weakening.
• Butylated Hydroxyanisole production costs faced mixed pressures in Q3 2025, with softening benzene and elevated phenol.
• Overall industrial demand for Butylated Hydroxyanisole contracted in Q3 2025, as Germany's Manufacturing Index contracted.
• Industrial production declined by 1.0% in September 2025, indicating bearish demand for Butylated Hydroxyanisole.
• Producer prices decreased by 1.7% in September 2025, reducing Butylated Hydroxyanisole manufacturing input costs.
• Consumer Price Index rose 2.4% in September 2025, suggesting rising operational costs for Butylated Hydroxyanisole producers.
• Retail sales increased by 0.2% in September 2025, offering slight support to Butylated Hydroxyanisole demand.
• The unemployment rate remained stable at 6.3% in September 2025, providing neutral support for consumer spending.
Why did the price of Butylated Hydroxyanisole change in September 2025 in Europe?
• Weakening industrial demand and 1.0% production decline in September 2025 reduced consumption.
• Producer prices decreased 1.7% in September 2025, lowering Butylated Hydroxyanisole input costs.
• Softening benzene feedstock costs in August 2025 pressured Butylated Hydroxyanisole expenses downward.
APAC
• In China, the Butylated Hydroxyanisole Price Index fell quarter-over-quarter, influenced by contracting manufacturing activity in September 2025.
• Butylated Hydroxyanisole production costs faced upward pressure from elevated naphtha and benzene prices in August 2025.
• Demand outlook was mixed; industrial production expanded 6.5% YoY in September 2025, while manufacturing demand improved.
• Consumer confidence at 89.6 and 5.2% unemployment in September 2025 indicated cautious consumer spending.
• Retail sales grew 3.0% YoY in September 2025, supporting Butylated Hydroxyanisole demand in food and personal care.
• Raw material inventories tightened in July and August 2025, moderating decline by September 2025.
• Export demand remained weak in August 2025, following sharp decline in new export orders in July 2025.
• The Butylated Hydroxyanisole Price Index faced downward pressure from -2.3% YoY PPI and -0.3% YoY CPI in September.
Why did the price of Butylated Hydroxyanisole change in September 2025 in APAC?
• Contracting manufacturing activity in September 2025 reduced overall industrial demand for Butylated Hydroxyanisole.
• Elevated naphtha and benzene feedstock costs in August 2025 exerted upward pressure on production expenses.
• Weak consumer confidence (89.6) and declining CPI (-0.3% YoY) in September 2025 dampened end-use consumption.
