For the Quarter Ending September 2025
North America
• In United States, the Cake Emulsifier Price Index rose quarter-over-quarter in Q3 2025, influenced by rising production costs.
• Cake Emulsifier production costs increased due to a 2.6% year-over-year rise in PPI in August 2025.
• Natural gas prices strengthened in Q3 2025, contributing to higher energy costs for manufacturing.
• Soybean oil feedstock costs strengthened in July 2025, then stabilized in September 2025.
• Demand was supported by a 5.42% year-over-year increase in retail sales in September 2025.
• Rising CPI at 3.0% year-over-year in September 2025, combined with declining consumer confidence, impacted spending.
• Industrial production growth was sluggish at 0.1% year-over-year in September 2025.
• US soybean crush volumes were raised in Q3 2025, increasing soybean oil availability.
• US soybean oil exports were reduced in Q3 2025, while imports were raised.
• The Cake Emulsifier Price Forecast suggests continued upward pressure from sustained production costs.
Why did the price of Cake Emulsifier change in September 2025 in North America?
• Producer Price Index rose 2.6% year-over-year in August 2025, increasing manufacturing input costs.
• Natural gas prices strengthened in Q3 2025, raising energy expenses for emulsifier production.
• Soybean oil feedstock costs strengthened in July 2025, directly impacting raw material expenses.
APAC
• In China, the Cake Emulsifier Price Index fell in Q3 2025, due to declining producer prices and manufacturing contraction.
• The Producer Price Index (PPI) decreased by 2.3% year-over-year in September 2025, indicating reduced pricing power.
• Consumer Price Index (CPI) declined by 0.3% year-over-year in September 2025, suggesting deflationary pressures.
• Oleochemical feedstock costs, a key production driver for Cake Emulsifier, remained elevated in Q3 2025.
• China's Manufacturing Index contracted in September 2025, signaling reduced industrial output and chemical demand.
• Industrial production expanded by 6.5% year-over-year in September 2025, supporting some demand for ingredients.
• Retail sales increased by 3.0% year-over-year in September 2025, reflecting stronger consumer spending.
• Low consumer confidence (89.6) and 5.2% unemployment rate in September 2025 tempered discretionary spending.
• Escalating U.S.-China trade tensions impacted broader chemical market trade flows in Q3 2025.
Why did the price of Cake Emulsifier change in September 2025 in APAC?
• Producer Price Index (PPI) decreased by 2.3% in September 2025, exerting downward pressure on prices.
• Contracting Manufacturing Index in September 2025 reduced industrial demand for chemical inputs.
• Elevated oleochemical feedstock costs in Q3 2025 provided some upward pressure on production expenses.
Europe
• In Germany, the Cake Emulsifier Price Index fell quarter-over-quarter, influenced by contracting industrial production in Q3 2025.
• Production costs faced upward pressure from elevated oleochemical feedstock and energy prices in Q3 2025.
• Producer prices of industrial products decreased by 1.7% in September 2025, offering some relief to manufacturing costs.
• Demand for Cake Emulsifier weakened due to a contracting Manufacturing Index in Q3 2025 and subdued consumer confidence.
• Germany's industrial production declined by 1.0% in September 2025, indicating reduced activity in end-use sectors.
• Regional chemical supply tightened in Europe during Q3 2025, driven by factory closures and restructuring efforts.
• Retail sales in Germany rose slightly by 0.2% in September 2025, providing mild support for consumer-facing baked goods.
• Elevated natural gas and wholesale electricity prices in Europe during Q3 2025 contributed to higher operational expenses.
• The stable unemployment rate at 6.3% in September 2025 offered consistent consumer purchasing power.
Why did the price of Cake Emulsifier change in September 2025 in Europe?
• Germany's industrial production decreased by 1.0% in September 2025, signaling weaker demand from end-use sectors.
• Producer prices of industrial products fell by 1.7% in September 2025, reducing manufacturing input costs.
• Elevated oleochemical feedstock and energy costs in Q3 2025 exerted upward pressure on production expenses.
