For the Quarter Ending September 2025
North America
• In the United States, the Diphenyl Oxide Price Index rose quarter-over-quarter in Q3 2025, driven by increasing production costs.
• Production costs increased due to a 3.0% CPI rise in September 2025 and a 2.6% PPI increase in August 2025.
• US natural gas prices rose in Q3 2025, increasing energy and feedstock expenses for Diphenyl Oxide production.
• Diphenyl Oxide demand outlook was mixed, with sluggish industrial production at 0.1% year-over-year in September 2025.
• Consumer confidence declined to 94.2 in September 2025, potentially dampening Diphenyl Oxide demand in fragrance applications.
• However, US retail sales increased 5.42% year-over-year in September 2025, supporting demand for consumer goods.
• US manufacturing output rose in August 2025, indicating some positive industrial activity for Diphenyl Oxide applications.
• US chemical firms are not planning significant capacity expansions for 2025, suggesting stable Diphenyl Oxide supply dynamics.
Why did the price of Diphenyl Oxide change in September 2025 in North America?
• Rising input costs, evidenced by a 3.0% CPI in September 2025, directly increased Diphenyl Oxide production expenses.
• Producer Price Index rose 2.6% in August 2025, reflecting higher raw material and energy costs.
• Increased US natural gas prices in Q3 2025 significantly contributed to elevated energy and feedstock costs.
APAC
• In China, the Diphenyl Oxide Price Index fell quarter-over-quarter in Q3 2025, influenced by weak industrial demand.
• Diphenyl Oxide production costs declined in Q3 2025, driven by lower benzene and phenol prices.
• Manufacturing activity contracted in September 2025, indicating reduced industrial consumption for Diphenyl Oxide.
• Consumer confidence at 89.6 in September 2025 indicated pessimism, dampening demand for consumer-facing DPO applications.
• Industrial production grew 6.5% year-on-year in September 2025, supporting Diphenyl Oxide demand in heat transfer fluids.
• Retail sales increased 3.0% year-on-year in September 2025, offering slight support for fragrance and durable goods.
• Persistent global chemical overcapacity, with significant contribution from China, pressured Diphenyl Oxide prices downwards.
• High-tech manufacturing output expanded significantly in Q3 2025, boosting DPO demand in specialized polymers.
Why did the price of Diphenyl Oxide change in September 2025 in APAC?
• Falling PPI of -2.3% in September 2025 indicated weak industrial demand, pressuring Diphenyl Oxide prices.
• Contracting manufacturing activity in September 2025 reduced industrial consumption, impacting Diphenyl Oxide demand.
• Persistent global chemical overcapacity, particularly from China, contributed to downward price pressure.
Europe
• In Germany, the Diphenyl Oxide Price Index fell in Q3 2025, driven by weak industrial demand.
• Diphenyl Oxide demand outlook remained bearish, with a contracting Manufacturing Index in Q3 2025.
• Production costs decreased; Producer Price Index fell 1.7% year-over-year in September 2025.
• Overall chemical demand in Germany remained weak in Q3 2025, impacting Diphenyl Oxide consumption.
• Global overcapacity persisted; industrial production declined 1.0% year-over-year in September 2025.
• Phenol and Benzene feedstock prices were stagnant or softening in Q3 2025, lowering costs.
• German chemical exports fell in September 2025, indicating reduced international demand for products.
• The Diphenyl Oxide price forecast suggests continued stability or slight downward pressure.
• Rising Consumer Price Index at 2.4% year-over-year in September 2025 indicated general cost increases.
• Retail sales increased 0.2% and unemployment was 6.3% in September 2025, offering cautious support.
Why did the price of Diphenyl Oxide change in September 2025 in Europe?
• Weak industrial demand, with a contracting Manufacturing Index in Q3 2025, reduced consumption.
• Producer Price Index falling 1.7% year-over-year in September 2025 lowered production costs.
• Global overcapacity and slumped German chemical production pressured Diphenyl Oxide prices.
