For the Quarter Ending December 2025
North America
• In the USA, the Epoxy Resin Price Index fell by 1.48% quarter-over-quarter, reflecting balanced supply.
• The average Epoxy Resin price for the quarter was approximately USD 3293.33/MT, DEL Texas.
• Epoxy Resin Spot Price held range-bound while the Epoxy Resin Price Index showed mild firmness.
• Epoxy Resin Production Cost Trend remained muted as Bisphenol A costs stayed stable throughout period.
• Epoxy Resin Demand Outlook improved modestly, supported by automotive and construction offtake prompting firmer markets.
• Inventory levels remained adequate while export demand pressured flows, influencing the Epoxy Resin Price Index.
• Major U.S. producers ran at normal rates, limiting shocks and stabilising Epoxy Resin Spot Price.
Why did the price of Epoxy Resin change in December 2025 in North America?
• Ample domestic supply and steady imports matched demand, limited price growth despite patchy regional tightness.
• Stable feedstock costs for BPA and moderate Epichlorohydrin movements constrained cost-push pressure on finished resin.
APAC
• In Japan, the Epoxy Resin Price Index fell by 3.12% quarter-over-quarter, due to ample inventories and weak exports.
• The average Epoxy Resin price for the quarter was approximately USD 2848.33/MT, FOB Osaka basis.
• Epoxy Resin Spot Price remained rangebound with balanced flows, reinforcing a neutral Price Index amidst production rates.
• Epoxy Resin Price Forecast indicates mild near-term downside before gradual recovery driven by post-winter restocking and fiscal cycles.
• Epoxy Resin Production Cost Trend showed softening feedstock support as BPA eased and energy costs remained benign.
• Epoxy Resin Demand Outlook remains subdued internationally, domestic automotive and coatings demand only partially offsetting weak exports.
• Epoxy Resin Price Index pressure reflected inventory accumulation and selective logistics bottlenecks, limiting prompt shipment arbitrage opportunities.
• Major producers maintained stable operating rates, inventories remained within normal bands, containing volatility in the domestic Price Index.
Why did the price of Epoxy Resin change in December 2025 in APAC?
• Improved domestic inventories absorbed production, reducing immediate procurement urgency and pressuring spot market balances significantly.
• Benign energy and softer feedstock costs lowered production expenses, easing upward price pressure on resin margins.
• Export inquiries weakened amid tariff and demand headwinds, limiting external offtake and sustaining domestic oversupply.
Europe
• In Germany, the Epoxy Resin Price Index rose by 1.62% quarter-over-quarter, supported by steady inventories and logistics constraints.
• The average Epoxy Resin price for the quarter was approximately USD 3086.33/MT based on reported transaction aggregates.
• Epoxy Resin Spot Price remained rangebound amid mixed inland demand, reflecting port delays and balanced domestic production.
• Epoxy Resin Price Index signalled mild upside early quarter, later pressured by substitute competition and subdued composite orders.
• Operational constraints at key terminals modestly affected flows, yet production runs broadly normal across major German plants.
Why did the price of Epoxy Resin change in December 2025 in Europe?
• Fluctuating feedstock and energy costs supported the prices for epoxy resin to rise.
• Logistical delays at key ports tightened prompt availability.
For the Quarter Ending September 2025
North America
• In USA, the Epoxy Resin Price Index fell by 8.17% quarter-over-quarter, driven by inventory accumulation.
• The average Epoxy Resin price for the quarter was USD 3342.67/MT, reflecting stable supply conditions.
• Epoxy Resin Spot Price remained range-bound as ample inventories and steady imports and weak domestic demand.
• Epoxy Resin Price Forecast signals modest downside as subdued procurement and high inventory constrain pricing.
• Epoxy Resin Production Cost Trend remained muted as Bisphenol A and epichlorohydrin feedstocks held steady.
• Epoxy Resin Demand Outlook shows cautious offtake from construction while automotive supports selective procurement activity.
• The Epoxy Resin Price Index signaled bearish momentum driven by destocking and competitive import offers.
• Major U.S. plants ran reliably, supporting availability while tariffs and rail congestion affected export flows.
Why did the price of Epoxy Resin change in September 2025 in North America?
• Persistent destocking and ample domestic production created oversupply, exerting downward pressure on Epoxy Resin prices.
• Due to the limited cost-push inflation across production cost trends recently.
• Logistics disruptions, tariff adjustments, and redirected Asian volumes altered import dynamics and regional availability thereby.
APAC
• In Japan, the Epoxy Resin Price Index fell by 3.00% quarter-over-quarter, reflecting subdued downstream demand.
• The average Epoxy Resin price for the quarter was approximately USD 2940.00/MT, FOB Osaka assessment.
• Epoxy Resin Spot Price remained rangebound with Price Index showing limited volatility amid steady inventories.
• Epoxy Resin Price Forecast indicates modest upside into September as procurement partially offsets seasonal weakness.
• Epoxy Resin Production Cost Trend muted due to the limited cost support from the feedstock Bisphenol A and Epichlorohydrin.
• Epoxy Resin Demand Outlook remains subdued with automotive weakness and construction delays constraining industrial offtake.
• Epoxy Resin Price Index stability reflected ample inventories and tepid export demand, reducing price momentum.
• Major Japanese producers operated with no outages, supporting steady throughput and balanced Price Index readings.
Why did the price of Epoxy Resin change in September 2025 in APAC?
• Balanced domestic supply and muted downstream procurement lowered market pressure, contributing to modest price decline.
• Stable Bisphenol A and softer epichlorohydrin constrained cost increases, limiting pass-through to Epoxy Resin prices.
• Improved logistics and sufficient inventories offset export arbitrage, while seasonal demand softness reduced purchasing activity.
Europe
• In Germany, the Epoxy Resin Price Index rose by 2.6% quarter-over-quarter, reflecting balanced supply fundamentals.
• The average Epoxy Resin price for the quarter was approximately USD 3149.67/MT, FD Hamburg source.
• Epoxy Resin Spot Price remained range-bound as ample inventories and logistical delays tempered buying interest.
• Epoxy Resin Production Cost Trend stayed muted with stable Bisphenol A and epichlorohydrin prices locally.
• Epoxy Resin Demand Outlook remains subdued as construction weakness and cautious procurement restrain coatings offtake.
• Epoxy Resin Price Forecast anticipates gains into autumn driven by automotive recovery and pre-winter restocking.
• Epoxy Resin Price Index showed narrow gains despite weekly volatility from port congestion and outages.
• Epoxy Resin export flows influenced Price Index direction amid anti-dumping measures and constrained rail capacity.
Why did the price of Epoxy Resin change in September 2025 in Europe?
• Sufficient inventories and balanced supply limited upside despite downstream weakness across construction and coatings.
• Logistics constraints, port congestion and anti-dumping actions disrupted flows, generating volatility in regional Price Index.
For the Quarter Ending June 2025
North America:
• North American Epoxy Resin Spot Price fell during Q2 2025, especially in US market where prices fell by 7.1% and settling at USD 3,784/MT DEL Texas in June for Semi-Solid grade (EEW 300–350).
• Local production remained steady, supported by sufficient inventories and reduced import reliance amid evolving trade measures.
• Feedstock dynamics were mixed— the net decline in input costs offered margin relief but pressured resin prices lower.
• Demand from construction remained soft, weighed down by elevated mortgage rates and high housing inventory. In contrast, automotive coatings held firm, supported by early-quarter vehicle sales ahead of anticipated tariffs.
• Trade policy developments shaped market behavior, including U.S. rulings on anti-dumping duties and a temporary 90-day tariff suspension, prompting cautious downstream procurement.
Why did the price of Epoxy Resin not change in July 2025 in the North American region?
• In July 2025, the Epoxy Resin Price Index in the North American region remained stable, as steady downstream activity supported demand while elevated inventories tempered aggressive procurement.
• The Epoxy Resin Import Trend showed continued supply stability from Asia, helping maintain consistent import flows and reducing short-term pricing pressure.
• The Epoxy Resin Price Forecast indicates a neutral outlook, with balanced supply-demand dynamics likely to sustain price stability in the near term.
APAC:
• The Epoxy Resin Solid (EEW 500–560) Spot Price in APAC declined during Q2 2025, especially in Japanese market where prices dropped by 1.8%, settling at USD 3020/MT FOB Osaka in June.
• Bearish market sentiment prevailed across the quarter, driven by subdued export demand, soft feedstock costs, and cautious procurement strategies from key downstream sectors including automotive and coatings.
• Supply fundamentals remained ample, with uninterrupted production, sufficient inventories, and optimum operating rates.
• Demand-side activity was mixed. Domestic consumption showed pockets of strength—particularly in the construction sector—buoyed by rising housing starts and residential price growth, while exports were constrained by tariff-related disruptions and muted global trade flows.
• Seasonal restocking provided mild support in April, but the momentum weakened post-Golden Week holidays in Japan as industrial operations slowed and downstream orders remained thin, particularly from paints, electronics, and wind energy applications.
Why did the price of Epoxy Resin change in July 2025 in the APAC region?
• In July 2025, the Epoxy Resin Price Index in the APAC region moved upward, supported by rising feedstock costs that provided firm cost-side pressure.
• The Epoxy Resin Demand Trend showed signs of recovery, driven by improving prospects in the end-use construction sector.
Europe
• The Epoxy Resin (Novolac-based) Spot Price in Europe rose during the Q2 2025, especially in the German market where prices rose by 3.1%, settling at USD 4123/MT FD Hamburg in June.
• Bullish momentum was driven by intermittent restocking, seasonal demand improvements, and periodic supply-side constraints, particularly stemming from severe port congestion at major German terminals like Hamburg and Bremerhaven.
• Logistical bottlenecks intensified in April and May due to labor shortages, dense port traffic, and rail disruptions, limiting import volumes and tightening regional inventories, which reinforced price strength during late April.
• Demand fundamentals remained mixed. While paints and coatings sectors showed mild restocking activity, overall offtake was restrained by weakness in the automotive and construction sectors—key downstream consumers in Germany and Western Europe.
• Macro headwinds such as U.S. tariff uncertainty and Eurozone construction stagnation limited aggressive procurement. German automotive output remained subdued, with new car registrations down 1.4% in May.
Why did the price of Epoxy Resin change in July 2025 in the European region?
• In July 2025, the Epoxy Resin Price Index in the European region experienced slight downward pressure, driven by a seasonal slowdown in industrial activity during the summer holiday period.
• The Epoxy Resin Purchasing Trend reflected subdued sentiment, as many manufacturers operated with reduced shifts amid ongoing seasonal plant maintenance.
For the Quarter Ending March 2025
North America
Epoxy resin prices in North America experienced a consistent upward trend throughout Q1 2025, particularly during January and March. In January, prices began with stability but swiftly gained momentum due to intensified post-holiday stocking activities and low inventory levels among local traders.
In February, despite severe snowstorms disrupting operations across the U.S. Gulf Coast, epoxy resin prices remained stable due to sufficient inventories and steady production. A subdued construction sector, impacted by high mortgage rates and inflation, limited immediate demand growth. However, resilient job growth and expectations of interest rate easing kept the outlook optimistic.
The late part of quarter saw continued price firmness, supported by protectionist trade measures, including anti-dumping investigations on Chinese imports, and strategic sourcing from alternate Asian markets. A significant decline in ocean freight costs also contributed to pricing stability. By the end of Q1 2025, Epoxy resin prices in the USA increased by 1.6% compared to the end of the previous quarter and reached USD 4109/MT DEL Texas, reflecting a cautiously bullish market.
Europe
In Q1 2025, the European Epoxy Resin market exhibited a predominantly bearish price trend, especially across January and February, before witnessing a slight recovery in March. In January, prices declined steadily due to sluggish demand and ample inventories. Post-holiday destocking by downstream buyers, particularly in the paints and coatings sector, led to cautious procurement behavior. Simultaneously, stable production costs—owing to minimal fluctuations in feedstock prices like Bisphenol A and Epichlorohydrin—offered no cost-driven support for price hikes. Despite temporary supply chain disruptions from delayed vessel arrivals, sufficient inventory and muted construction activity across major EU economies kept prices under pressure. February sustained this downtrend, with prices largely stagnant in the early period, before falling further due to persistent oversupply and weak downstream interest. Even news of anti-dumping duties on imports from China and other Asian nations failed to significantly stimulate buying activity, as traders awaited clarity on policy implications. However, March saw a marginal recovery, fueled by growing inventory pressures, active restocking, and restricted imports amid tighter trade regulations. These dynamics sparked slight upward adjustments, supported by mild supply constraints.
APAC
In Q1 2025, Epoxy resin prices in the Asia-Pacific (APAC) region displayed a bearish trend, with prices rising in January before gradually softening in February and March. In early January, prices edged up as traders restocked inventories post-holidays, amid stable feedstock costs and tight supply caused by prior destocking. However, this brief price rise was unsustainable. By mid-January, weak downstream demand from construction and automotive sectors—especially electric vehicles, began to weigh heavily on the market. As February unfolded, ample imports, subdued export volumes, and declining domestic vehicle production continued to limit market activity. Persistent oversupply and stagnant demand from coatings and composites led to price stagnation, despite marginal increases in the final week. By March, the bearish trajectory continued due to a mix of elevated inventories, limited downstream offtake, and ongoing trade uncertainties. Rising Bisphenol A prices had little upward influence amid sluggish housing starts and declining construction activity. Consequently, across APAC, Japan's Epoxy resin prices dropped by 1.4% and reached at USD 3074/MT FOB Osaka by quarter-end, reflecting sustained pressure from oversupply and lackluster demand.
