For the Quarter Ending March 2026
Dicyandiamide Prices in APAC
- In China, the Dicyandiamide Price Index fell by 0.09% quarter-over-quarter, reflecting balanced supply and disciplined offers.
- The average Dicyandiamide price for the quarter was approximately USD 1458.67/MT based on FOB Qingdao port averages.
- Stable coastal inventories constrained Dicyandiamide Spot Price volatility despite steady exports and normalised rail logistics.
- Near term Dicyandiamide Price Forecast projects marginal monthly fluctuations with balanced supply and steady pharmaceutical demand.
- Coal and calcium-carbide stability supported Dicyandiamide Production Cost Trend, keeping producer margins and disciplined offers intact.
- Export strength and pharmaceutical orders underpin a cautiously positive Dicyandiamide Demand Outlook for the upcoming seasonal replenishments.
- March port inventories and smooth logistics maintained the Dicyandiamide Price Index, limiting scope for larger spot corrections.
- Major northwest plants ran near normal rates, supporting steady exports and limited upside to Dicyandiamide spot interest.
Why did the price of Dicyandiamide change in March 2026 in APAC?
- Stable coal and calcium-carbide feedstock reduced cost shocks, keeping producer offers steady and prices restrained.
- Export demand from India and Germany absorbed available cargoes, preventing domestic surplus and price declines.
- Smooth rail and port logistics avoided disruptions, preserving prompt availability and limiting volatility in March.
Dicyandiamide Prices in North America
- In United States, the Dicyandiamide Price Index fluctuated quarter-over-quarter in Q1 2026, driven by elevated production costs.
- The Dicyandiamide Production Cost Trend increased as the Producer Price Index rose 4.0% year-over-year in March 2026.
- Consumer Price Index inflation reached 3.3% year-over-year in March 2026, pushing up energy-intensive Dicyandiamide production expenses.
- The Dicyandiamide Demand Outlook strengthened because the Manufacturing Index expanded during the quarter ending March 2026.
- Retail sales grew 4.0% year-over-year in March 2026, sustaining downstream demand for Dicyandiamide -derived synthetic fibers.
- Industrial production increased 0.7% year-over-year in March 2026, providing baseline support for general chemical manufacturing needs.
- Byproduct sulfuric acid supply tightened as several nonferrous-metal smelters experienced planned maintenance periods in Q1 2026.
- Construction sector demand for Dicyandiamide derivatives showed mixed signals as multifamily housing starts surged in January 2026.
- The Dicyandiamide Price Forecast remained bullish throughout Q1 2026 due to sustained cost-push inflation and steady demand.
Why did the price of Dicyandiamide change in March 2026 in North America?
- Elevated input costs passed through the supply chain as the Producer Price Index rose in March 2026.
- The Manufacturing Index expanded in March 2026, driving higher consumption of highly reactive base chemical intermediates.
Dicyandiamide Prices in Europe
- In Germany, the Dicyandiamide Price Index rose quarter-over-quarter in Q1 2026, driven by surging upstream costs.
- The Consumer Price Index rose 2.7% while the Producer Price Index fell 0.2% in March 2026.
- The Manufacturing Index expanded in March 2026, despite industrial production remaining stagnant at 0.0% in February 2026.
- Retail sales grew 0.7% and unemployment hit 4.2% in February 2026, while consumer confidence reached -24.7 in March 2026.
- The Dicyandiamide Demand Outlook strengthened as downstream sector procurement increased in March 2026.
- Natural gas and electricity costs for Dicyandiamide processing plummeted in February 2026 before spiking in March 2026.
- The Dicyandiamide Price Forecast indicated upward pressure following tightened sulfuric acid precursor supply channels in March 2026.
Why did the price of Dicyandiamide change in March 2026 in Europe?
- Natural gas and electricity energy production costs spiked sharply for industrial producers in March 2026.
For the Quarter Ending December 2025
APAC
- In China, the Dicyandiamide Price Index rose by 0.8% quarter-over-quarter, reflecting firmer domestic demand and exports.
- The average Dicyandiamide price for the quarter was approximately USD 1460.00/MT, on Qingdao aggregates.
- Tightened upstream environmental inspections tightened supply, supporting Dicyandiamide Spot Price and restraining discounting pressure domestically.
- Domestic packaging and specialty chemical demand buoyed Dicyandiamide Price Index, prompting cautious restocking among distributors.
- Coal feedstock stability kept the Dicyandiamide Production Cost Trend steady, limiting downward pricing incentives domestically.
- Export enquiry matching and hand-to-mouth purchasing moderated the Dicyandiamide Demand Outlook, preventing significant spot rallies.
- Inventory levels remained normal, warehouses neither swelling nor drawing down materially, influencing the Dicyandiamide Price Index.
- Dicyandiamide Price Forecast points to narrow fluctuations as producers maintain operating rates and export volumes.
Why did the price of Dicyandiamide change in December 2025 in APAC?
- Environmental inspections and selective shipments tightened available domestic supply, supporting prices despite muted downstream manufacturing.
- Stable coal-derived feedstock and steady power costs maintained production economics, preventing producers from offering discounts.
- Balanced export enquiries and hand-to-mouth domestic buying limited inventory swings, leaving prices to fluctuate within a band.
North America
- In the United States, the Dicyandiamide Price Index rose modestly in Q4 2025, reflecting steady demand from epoxy curing agents, fertilizers, and adhesives sectors.
- Dicyandiamide Spot Price firmed as prompt availability tightened due to planned maintenance at several mid-sized chemical facilities and selective distributor restocking.
- The Dicyandiamide Production Cost Trend remained stable, supported by steady coal-derived feedstock and moderate energy costs, sustaining seller margins.
- The Dicyandiamide Demand Outlook is positive, with strong consumption in electronics epoxy applications, specialty coatings, and agricultural fertilizers, offsetting weaker general industrial restocking.
- In September 2025, the Price Index increased in North America because upstream plant turnarounds reduced supply and distributors pre-emptively purchased for year-end requirements.
- The Dicyandiamide Price Forecast suggests limited near-term volatility, with the Price Index expected to stay firm if operating rates remain unchanged and export orders continue.
Europe
- In Germany, France, and Italy, the Dicyandiamide Price Index showed a mild increase in Q4 2025, reflecting steady uptake in adhesives, coatings, and fertilizer sectors.
- Dicyandiamide Spot Price strengthened as distributors replenished inventories ahead of winter maintenance schedules and steady epoxy resin production.
- The Dicyandiamide Production Cost Trend increased slightly due to higher coal and electricity costs, supporting the Price Index.
- The Dicyandiamide Demand Outlook remains constructive, driven by epoxy curing, specialty adhesives, and agricultural applications, balancing moderate industrial slowdowns.
- In September 2025, the Price Index increased in Europe due to upstream production constraints, higher feedstock costs, and early-season procurement by key downstream formulators.
- The Dicyandiamide Price Forecast indicates moderate firmness for early 2026, with limited upside potential from supply-demand dynamics and European winter restocking.
For the Quarter Ending September 2025
APAC
- In China, the Dicyandiamide Price Index fell by 1.03% quarter-over-quarter, driven by modest supply improvements.
- The average Dicyandiamide price for the quarter was approximately USD 1448.33/MT from FOB Qingdao transactions.
- Dicyandiamide Spot Price fluctuations mirrored regional methanol feedstock movements, keeping the Price Index under pressure.
- Dicyandiamide Production Cost Trend showed slight easing as feedstock costs softened and factory margins compressed.
- Dicyandiamide Demand Outlook remains tepid with downstream fertilizer and resin demand growth failing to accelerate.
- Dicyandiamide Price Forecast points to limited term upside without stronger export demand or feedstock tightening.
- Qingdao inventory levels remained elevated, weighing on the Dicyandiamide Price Index and limiting spot rallies.
- Operational stability at key Chinese producers sustained supply, moderating volatility in the Dicyandiamide Price Index.
Why did the price of Dicyandiamide change in September 2025 in APAC?
- Sustained factory operating rates increased available volumes, exerting downward pressure on Dicyandiamide and Price Index.
- Soft market demand from fertilizers and resins limited offtake, reducing spot bids and pressuring prices.
- Moderate feedstock cost relief marginally lowered production costs, but logistics and export sluggishness constrained recovery.
North America
- The Price Index for Dicyandiamide in North America remained fluctuating throughout Q3 2025, largely influenced by downstream demand from adhesives, fertilizers, epoxy curing agents, and chemical intermediates. The Dicyandiamide Spot Price experienced minor increases in July and August, followed by a moderate decline in September.
- Why did the price trend in September 2025 Change: Prices decreased in September 2025 due to easing supply constraints, stable raw material costs, and a temporary slowdown in industrial consumption.
- Production Cost Trend: The Dicyandiamide Production Cost Trend remained steady, with energy and raw material costs largely unchanged over the quarter.
- Demand Outlook: The Dicyandiamide Demand Outlook points to a gradual recovery in Q4 2025, driven by the construction and automotive sectors. The Dicyandiamide Price Forecast suggests stable-to-moderate upward adjustments if demand strengthens.
Europe
- The Price Index for Dicyandiamide in Europe exhibited fluctuating trends throughout Q3 2025, supported by usage in epoxy curing, adhesives, fertilizers, and coatings. The Dicyandiamide Spot Price showed slight increases in July and August, with marginal stability in September.
Why did the price trend in September 2025 Change?
- Prices increased slightly in September 2025 due to a rise in demand from the construction and automotive sectors, combined with modest increases in raw material costs.
- Production Cost Trend: The Dicyandiamide Production Cost Trend saw moderate upward pressure from higher energy costs affecting European manufacturing facilities.
- Demand Outlook: The Dicyandiamide Demand Outlook for Q4 2025 remains positive, with steady demand from industrial coatings and adhesives. The Dicyandiamide Price Forecast indicates stable prices with potential upward adjustments if industrial activity strengthens.
