For the Quarter Ending September 2025
North America
• In the United States, the Crotonic acid Price Index remained stable quarter-over-quarter in Q3 2025, reflecting mixed market signals.
• Production costs for Crotonic acid rose in Q3 2025, driven by a 0.65% YoY increase in chemical manufacturing PPI in August.
• Ethylene production costs increased in Q3 2025 due to rising natural gas costs and initial tight supply in July.
• Demand for Crotonic acid was supported by robust retail sales growth of 5.0% YoY in August 2025 for consumer goods.
• Industrial production growth of 0.9% YoY in August 2025 boosted Crotonic acid demand for various industrial applications.
• High ethylene inventories and weak export demand in September 2025 moderated the Ethylene Price Index momentum.
• The unemployment rate gradually trended upward to 4.4% in September 2025, indicating a slight labor market softening.
• Increased API manufacturing expansion and new drug approvals in Q3 2025 positively impacted Crotonic acid demand.
Why did the price of Crotonic acid change in September 2025 in North America?
• Rising chemical manufacturing PPI of 0.65% YoY in August 2025 increased Crotonic acid production costs.
• High ethylene inventories and weak export demand in September 2025 pressured feedstock prices.
• Robust retail sales growth of 5.0% YoY in August 2025 supported Crotonic acid demand in consumer goods.
APAC
• In China, the Crotonic acid Price Index fell quarter-over-quarter in Q3 2025, due to easing production costs and deflationary pressures.
• Crotonic acid production costs decreased, supported by a 2.9% year-on-year Producer Price Index decline in August 2025.
• Lower raw material costs for specialty chemicals contributed to reduced production expenses for Crotonic acid during Q3 2025.
• Demand for Crotonic acid was supported by robust automotive sales, increasing 16.4% year-on-year in August 2025.
• New Energy Vehicle production surged 23% year-on-year in August 2025, boosting demand for related chemical inputs.
• The Manufacturing Index showed a slight recovery in September 2025, indicating a narrowing contraction in activity.
• China's chemical product imports increased by 8.6% from August to September 2025, impacting domestic market dynamics.
• Increased imports of Aldehyde Derivatives by 52.2% in August 2025 influenced the Crotonic acid market.
Why did the price of Crotonic acid change in September 2025 in APAC?
• Production costs eased, with Producer Price Index declining 2.9% year-on-year in August 2025.
• Deflationary pressures persisted, as Consumer Price Index decreased 0.4% year-on-year in August 2025.
• Lower raw material costs for specialty chemicals reduced manufacturing expenses during Q3 2025.
Europe
• In Germany, the Crotonic acid Price Index fell quarter-over-quarter in Q3 2025, due to weakened industrial output.
• Crotonic acid production costs decreased in Q3 2025, influenced by a -1.7% Producer Price Index decline in September 2025.
• Demand for Crotonic acid weakened as industrial production declined by -1.0% in September 2025, impacting end-use sectors.
• Demand outlook subdued from weak domestic and export orders in the German chemical industry during Q3 2025.
• Naphtha feedstock costs softened in Germany during Q3 2025, reducing overall Crotonic acid production expenses.
• Retail sales increased by 0.2% in September 2025, offering slight support for consumer-facing products using Crotonic acid.
• Elevated ethylene inventories in July 2025 and increasing import pressures impacted regional Crotonic acid supply.
• The stable 6.3% unemployment rate in September 2025 supported consistent consumer purchasing power for related goods.
• Crotonic acid price forecast suggests stability or downward pressure, given persistent low capacity utilization in Germany.
Why did the price of Crotonic acid change in September 2025 in Europe?
• Producer Price Index decreased by -1.7% in September 2025, reducing Crotonic acid production costs.
• Industrial production declined by -1.0% in September 2025, leading to weaker Crotonic acid demand.
• Increasing import pressures in Q3 2025 and softened naphtha feedstock costs impacted pricing.
