For the Quarter Ending September 2025
North America
• In United States, the D-Mandelic Acid Price Index rose quarter-over-quarter in Q3 2025, driven by increasing production costs.
• D-Mandelic Acid production costs increased in Q3 2025, influenced by a 2.6% year-over-year PPI rise in August 2025.
• Demand for D-Mandelic Acid saw an uptick in Q3 2025, supported by accelerated US beauty industry sales.
• The D-Mandelic Acid Price Forecast suggests continued upward pressure from rising energy costs in Q3 2025.
• Industrial production's slight 0.1% year-over-year increase in September 2025 supported D-Mandelic Acid demand.
• Strong retail sales, up 5.42% year-over-year in September 2025, boosted D-Mandelic Acid demand.
• Chemical manufacturers' inventories shrank in Q3 2025 due to accelerating destocking, impacting D-Mandelic Acid supply.
• Consumer confidence declined to 94.2 in September 2025, potentially softening discretionary spending on D-Mandelic Acid.
Why did the price of D-Mandelic Acid change in September 2025 in North America?
• Rising input and raw material costs in Q3 2025 pressured D-Mandelic Acid prices upward.
• Increased energy costs for chemical manufacturing in Q3 2025 raised D-Mandelic Acid production expenses.
• Accelerated US beauty industry sales in Q3 2025 supported D-Mandelic Acid demand.
APAC
• In China, the D-Mandelic Acid Price Index fell quarter-over-quarter in Q3 2025, driven by weakening feedstock costs and industrial deflation.
• D-Mandelic Acid production costs decreased in Q3 2025, influenced by a 2.3% decline in producer prices in September 2025.
• Toluene feedstock costs weakened throughout Q3 2025 due to subdued downstream demand and inventory buildup in Northeast Asia.
• Cosmetics sector demand for D-Mandelic Acid grew in Q3 2025, supported by a 3.0% rise in retail sales in September 2025.
• Pharmaceutical sector demand for D-Mandelic Acid remained thriving in Q3 2025, driven by robust industry growth.
• Industrial production expanded 6.5% year-over-year in September 2025, supporting D-Mandelic Acid demand amidst a contracting Manufacturing Index.
• The broader chemical industry experienced overcapacity in China during Q3 2025, contributing to a challenging pricing environment.
• D-Mandelic Acid price forecast suggests continued pressure from oversupply and weakening input costs into the next quarter.
Why did the price of D-Mandelic Acid change in September 2025 in APAC?
• Producer prices declined 2.3% in September 2025, reducing D-Mandelic Acid production costs.
• The Manufacturing Index was contracting in September 2025, signaling weaker industrial demand.
• Deflationary CPI at -0.3% in September 2025 indicated weak consumer demand, impacting end-use sectors.
Europe
• In Germany, the D-Mandelic Acid Price Index fell quarter-over-quarter in Q3 2025, influenced by contracting industrial demand.
• D-Mandelic Acid production costs trended downward in Q3 2025 due to a 1.7% fall in producer prices in September 2025.
• Demand for D-Mandelic Acid faced headwinds from Germany's Manufacturing Index contracting in Q3 2025.
• Industrial production in Germany declined by 1.0% in September 2025, dampening D-Mandelic Acid demand outlook.
• Elevated natural gas prices in Europe during Q3 2025 continued to pressure D-Mandelic Acid operating costs.
• Retail sales in Germany rose by 0.2% in September 2025, offering slight support for D-Mandelic Acid in cosmetics.
• The stable 6.3% unemployment rate in September 2025 suggested constrained consumer spending on non-essentials.
• Trade flows were impacted by new tariffs and increased competition from China in Q3 2025, affecting exports.
Why did the price of D-Mandelic Acid change in September 2025 in Europe?
• Weak industrial demand, with Germany's industrial production declining 1.0% in September 2025.
• Producer prices fell 1.7% in September 2025, reducing D-Mandelic Acid input costs.
• Elevated natural gas prices in Q3 2025 maintained pressure on D-Mandelic Acid manufacturing expenses.
