For the Quarter Ending September 2025
North America
• In United States, the Ethylene Glycol Monostearate (EGMS) Price Index rose quarter-over-quarter, driven by rising feedstock costs and robust retail sales in September 2025.
• EGMS production costs increased in Q3 2025, influenced by rising naphtha, natural gas, and soybean oil feedstock expenses.
• Demand for EGMS was supported by a 5.42% year-over-year increase in retail sales in September 2025.
• Consumer confidence declined to 94.2 in September 2025, signaling potential headwinds for discretionary EGMS end-product spending.
• Ethylene availability tightened in Q3 2025 due to logistics disruptions and scheduled maintenance, impacting EGMS supply.
• US ethylene export demand surged in Q3 2025, providing significant support to the broader ethylene market.
• Rising producer input costs, with PPI up 2.6% year-over-year in August 2025, pressured EGMS manufacturing margins.
• Industrial production showed a marginal 0.1% year-over-year increase in September 2025, indicating slow growth in EGMS-consuming sectors.
• The 3.0% year-over-year CPI increase in September 2025 indicated rising consumer prices, potentially affecting EGMS end-product purchasing.
Why did the price of Ethylene Glycol Monostearate (EGMS) change in September 2025 in North America?
• Rising naphtha and natural gas costs significantly increased EGMS production expenses in Q3 2025.
• Robust retail sales, up 5.42% year-over-year in September 2025, bolstered demand for EGMS end-products.
• Tightened ethylene availability and surging export demand supported EGMS pricing in Q3 2025.
APAC
• In China, the Ethylene Glycol Monostearate (EGMS) Price Index rose quarter-over-quarter in Q3 2025, driven by strengthening feedstock costs.
• EGMS production costs increased as ethylene and palm oil feedstock strengthened in Q3 2025.
• Key raw material prices for China's manufacturing sector increased in August 2025, adding to cost pressures.
• Consumer confidence at 89.6 and CPI at -0.3% in September 2025 indicated cautious consumer spending.
• The Manufacturing Index was contracting and PPI fell by -2.3% in September 2025, suggesting reduced industrial demand.
• Retail sales increased by 3.0% and industrial production expanded by 6.5% year-over-year in September 2025.
• Regional ethylene supply tightened in Q3 2025 due to maintenance, impacting EGMS availability.
• Raw material inventories in China's manufacturing sector remained constrained in August 2025.
• Unemployment rate at 5.2% in September 2025 suggested a cautious consumer environment.
Why did the price of Ethylene Glycol Monostearate (EGMS) change in September 2025 in APAC?
• Ethylene and palm oil feedstock costs strengthened in Q3 2025, increasing EGMS production expenses.
• Contracting Manufacturing Index and low consumer confidence dampened demand in September 2025.
• Regional ethylene supply tightened in Q3 2025, contributing to upward price pressure.
Europe
• In Germany, the Ethylene Glycol Monostearate (EGMS) Price Index fell quarter-over-quarter in Q3 2025, influenced by declining producer prices.
• EGMS production costs faced downward pressure in September 2025 as producer prices decreased by 1.7% year-over-year.
• Demand for EGMS was impacted by a contracting Manufacturing Index in Germany during Q3 2025, signaling reduced industrial activity.
• The EGMS demand outlook was supported by strengthening European personal care market growth in Q3 2025.
• Ethylene prices in Europe declined in Q3 2025, while naphtha prices rebounded, increasing in September.
• German industrial production decreased by 1.0% in September 2025, indicating reduced demand for chemical inputs.
• Retail sales in Germany rose by 0.2% in September 2025, with stable 6.3% unemployment, supporting consumer demand.
• Elevated consumer price inflation at 2.4% in September 2025, alongside ample inventories, influenced market dynamics.
Why did the price of Ethylene Glycol Monostearate (EGMS) change in September 2025 in Europe?
• Producer prices decreased by 1.7% year-over-year in September 2025, reducing EGMS manufacturing costs.
• Industrial production declined by 1.0% in September 2025, dampening overall demand for EGMS.
• Ethylene prices declined in Q3 2025, while stearic acid faced downward pressure in July, impacting EGMS.
