For the Quarter Ending September 2025
North America
• In United States, Carbendazim Price Index remained stable in Q3 2025, influenced by mixed macroeconomic signals.
• Carbendazim production costs rose due to a 2.6% PPI increase in August 2025 and strengthening natural gas prices.
• Demand for Carbendazim was supported by a 5.42% retail sales rise in September 2025, boosting agricultural product consumption.
• The Carbendazim demand outlook benefited from record high US corn production forecasts for September 2025.
• Farm profitability was tightening in 2025, creating a persistent cost-price squeeze for agricultural inputs.
• Overall economic expansion was slow, with industrial production increasing 0.1% year-over-year in September 2025.
• Weaker consumer confidence, declining to 94.2 in September 2025, suggested softening agricultural product demand.
• A 3.0% CPI increase in September 2025 indicated general inflation, impacting Carbendazim production costs and farmer budgets.
Why did the price of Carbendazim change in September 2025 in North America?
• Rising producer input costs, from a 2.6% PPI increase in August 2025, pressured Carbendazim prices.
• Strong retail sales, up 5.42% in September 2025, supported agricultural demand for Carbendazim.
• Weakening consumer confidence in September 2025 suggested future softening in agricultural product demand.
APAC
• In China, the Carbendazim Price Index remained stable quarter-over-quarter in Q3 2025, amidst mixed macroeconomic signals.
• Carbendazim production costs were influenced by a slight dip in Benzene feedstock costs in August 2025.
• Methanol feedstock costs experienced tightness in Q3 2025, contributing to Carbendazim production expenses.
• Carbendazim demand outlook was supported by strengthened agricultural output in Q3 2025.
• The fungicide market in China experienced growing demand during Q3 2025, boosting consumption.
• Regional Carbendazim supply tightened in July and August 2025 due to scheduled plant turnarounds.
• Fungicide export volumes from China strengthened significantly in July and September 2025.
• The Manufacturing Index contracting in September 2025 indicated reduced industrial activity.
• Consumer Price Index (CPI) declined by -0.3% in September 2025, suggesting deflationary pressures on agricultural inputs.
Why did the price of Carbendazim change in September 2025 in APAC?
• Producer Price Index (PPI) fell -2.3% in September 2025, indicating weak pricing power for manufacturers.
• Regional supply tightened in July and August 2025 due to turnarounds, offering price support.
• Fungicide export volumes strengthened significantly in July and September 2025, balancing domestic trends.
Europe
• In Germany, the Carbendazim Price Index fell quarter-over-quarter in Q3 2025, influenced by lower industrial producer prices.
• Carbendazim production costs trended lower in Q3 2025, driven by a 1.7% decrease in producer prices and softened methanol costs.
• Agricultural demand for Carbendazim strengthened in Q3 2025, supported by surging wheat and increased rapeseed production.
• Overall chemical demand in Germany remained weak in Q3 2025, with the Manufacturing Index Contracting.
• Industrial production declined 1.0% in September 2025, reflecting broader economic weakness and a bearish chemical sector outlook.
• Consumer Price Index rose 2.4% in September 2025, indicating rising general operational expenses for Carbendazim manufacturers.
• Ample methanol inventories and potential for cheaper Chinese imports influenced Carbendazim supply dynamics in Q3 2025.
• The Carbendazim price forecast suggests continued stability with potential for downward pressure due to supply and demand factors.
Why did the price of Carbendazim change in September 2025 in Europe?
• Lower industrial producer prices, down 1.7% in September 2025, reduced Carbendazim manufacturing costs.
• Softened methanol feedstock costs in Q3 2025 contributed to decreased Carbendazim production expenses.
• Weak German chemical demand and a Contracting Manufacturing Index dampened market sentiment.
