For the Quarter Ending September 2025
North America
• In United States, the Ethylene Glycol Distearate (EGDS) Price Index rose Q3 2025, driven by rising production costs and robust consumer demand.
• The Ethylene Glycol Distearate (EGDS) demand outlook remains positive, supported by accelerating US beauty industry sales in Q3 2025.
• Consumer spending, indicated by a 5.42% year-over-year retail sales increase in September 2025, bolstered demand for EGDS end-products.
• Inflationary pressures, with CPI at 3.0% year-over-year in September 2025, contributed to higher EGDS manufacturing expenses.
• Producer input costs rose, as evidenced by a 2.6% year-over-year PPI increase in August 2025, impacting EGDS profitability.
• Ethylene inventory overhang and weak export demand for monoethylene glycol in Q3 2025 moderated some upward price momentum.
• A stable labor market, with unemployment at 4.3% in September 2025, supported consumer disposable income for personal care items.
Why did the price of Ethylene Glycol Distearate (EGDS) change in September 2025 in North America?
• Ethylene and stearic acid feedstock costs rose in Q3 2025, increasing production expenses.
• Robust consumer demand for personal care products, retail sales up 5.42% September 2025.
• General inflation, CPI at 3.0% year-over-year September 2025, raised manufacturing costs.
APAC
• In China, the Ethylene Glycol Distearate (EGDS) Price Index fell quarter-over-quarter in Q3 2025, driven by weak consumer demand.
• EGDS demand outlook was challenged by a -0.3% CPI year-on-year in September 2025, indicating reduced consumer purchasing power.
• Production costs for EGDS saw mixed trends; ethylene feedstock held steady, while palm oil costs inched up in Q3 2025.
• China's Manufacturing Index was contracting in September 2025, suggesting a slowdown in production impacting EGDS consumption.
• Despite manufacturing contraction, industrial production grew 6.5% year-on-year in September 2025, supporting raw material demand.
• Retail sales increased 3.0% year-on-year in September 2025, indicating some consumer spending on personal care products.
• Regional ethylene glycol supply rose in September 2025 due to facility restarts and increased imports, contributing to market overcapacity.
• The EGDS price forecast remains pressured by a -2.3% PPI year-on-year in September 2025, reflecting weak pricing power.
Why did the price of Ethylene Glycol Distearate (EGDS) change in September 2025 in APAC?
• Deflationary CPI at -0.3% in September 2025 reduced consumer purchasing power for personal care.
• A contracting Manufacturing Index in September 2025 signaled reduced production of EGDS-containing finished goods.
• Increased regional ethylene glycol supply in September 2025, plus global overcapacity, pressured EGDS prices.
Europe
• In Germany, the Ethylene Glycol Distearate (EGDS) Price Index fell quarter-over-quarter in Q3 2025, reflecting weak industrial demand.
• EGDS production costs softened in Q3 2025, influenced by a -1.7% year-over-year decline in producer prices in September 2025.
• Overall EGDS demand outlook was bearish due to Germany's industrial production decreasing by 1.0% year-over-year in September 2025.
• The Manufacturing Index for Germany was contracting in Q3 2025, signaling reduced output from EGDS-consuming industries.
• Ethylene prices in Germany receded in Q3 2025 after an initial July surge, easing EGDS production cost pressures.
• Consumer demand for EGDS-containing products was mixed, with retail sales up 0.2% but CPI rising 2.4% in September 2025.
• A stable 6.3% unemployment rate and stabilizing consumer confidence in Q3 2025 offered underlying support for spending.
Why did the price of Ethylene Glycol Distearate (EGDS) change in September 2025 in Europe?
• Lower producer prices, down 1.7% year-over-year in September 2025, reduced EGDS manufacturing costs.
• Weak industrial production, falling 1.0% year-over-year in September 2025, dampened overall EGDS demand.
