For the Quarter Ending September 2025
APAC
• In China, the Dihydromycenol Price Index fell quarter-over-quarter in Q3 2025, influenced by contracting manufacturing activity.
• The Dihydromycenol Price Forecast indicates continued downward pressure due to persistent global chemical overcapacity in Q3 2025.
• Dihydromycenol Production Cost Trend remained stable in Q3 2025, as petrochemical feedstock prices held steady.
• Dihydromycenol Demand Outlook faced headwinds from a 0.3% CPI decrease year-on-year in September 2025.
• Industrial production expanded 6.5% year-on-year in September 2025, offering some support to demand.
• Retail sales increased 3.0% year-on-year in September 2025, boosting demand for Dihydromycenol end-products.
• China's Manufacturing Index was contracting in September 2025, signaling reduced new orders.
• Producer Price Index declined 2.3% year-on-year in September 2025, suggesting lower raw material costs.
Why did the price of Dihydromycenol change in September 2025 in APAC?
• Contracting Manufacturing Index in September 2025 reduced new orders for Dihydromycenol.
• Persistent global chemical overcapacity, significantly influenced by China, pressured Dihydromycenol prices in Q3 2025.
• A 0.3% CPI decrease year-on-year in September 2025 indicated weak consumer demand for end-products.
North America
• In United States, the Dihydromycenol Price Index rose quarter-over-quarter, driven by increasing input costs and inflationary pressures.
• Dihydromycenol production costs accelerated in Q3 2025, influenced by a 2.6% year-over-year PPI increase in August.
• Demand faced headwinds from near stagnant industrial production, up only 0.1% year-over-year in September 2025.
• Robust retail sales, increasing 5.42% year-over-year in September 2025, supported Dihydromycenol demand.
• Weakening consumer confidence, at 94.2 in September 2025, tempered discretionary spending for Dihydromycenol applications.
• Natural gas prices, a key feedstock, showed a year-over-year uptick in Q3 2025, reigniting producer margin pressure.
• Chemical industry inventories shrank in Q3 2025 due to accelerating destocking, impacting Dihydromycenol supply dynamics.
• US chemical trade balance turned negative in July 2025, reflecting geopolitical and trade tensions affecting Dihydromycenol.
• The Dihydromycenol price forecast indicates continued upward pressure from input costs, despite mixed demand signals.
Why did the price of Dihydromycenol change in September 2025 in North America?
• Rising input prices, with CPI up 3.0% year-over-year in September 2025, elevated Dihydromycenol production costs.
• Weakened demand and contracting new orders in Q3 2025 limited Dihydromycenol price increases.
• Natural gas prices, a key cost driver, showed a year-over-year uptick in Q3 2025.
Europe
• In Germany, the Dihydromycenol Price Index fell quarter-over-quarter in Q3 2025, driven by contracting industrial activity.
• Dihydromycenol production costs were pressured by elevated natural gas prices and surging ethylene feedstock costs in July 2025.
• Industrial production declined 1.0% in September 2025, and the Manufacturing Index was contracting in Q3 2025.
• Producer prices fell 1.7% in September 2025, while CPI rose 2.4%, impacting Dihydromycenol production costs and consumer spending.
• Retail sales rose modestly by 0.2% in September 2025, with unemployment stable at 6.3%, indicating steady consumer demand.
• Regional Dihydromycenol supply tightened due to unexpected plant disruptions in July 2025, affecting market availability.
• Order backlogs were historically low in July 2025, and export demand declined in Q3 2025, indicating subdued future demand.
• Despite industrial weakness, the fragrance industry market showed steady growth in 2025, supporting Dihydromycenol demand in consumer segments.
Why did the price of Dihydromycenol change in September 2025 in Europe?
• Industrial production declined 1.0% in September 2025, weakening overall Dihydromycenol demand.
• Elevated natural gas prices and surging ethylene feedstock costs in July 2025 pressured production.
• Regional supply tightened due to unexpected plant disruptions in July 2025.
