For the Quarter Ending December 2025
Ferrous Sulphate Prices in North America
- In United States, the Ferrous Sulphate Price Index rose in Q4 2025, driven by strengthening demand and rising energy costs.
- Ferrous Sulphate production costs increased in Q4 2025 due to rising natural gas prices and a 3.0% PPI increase in November 2025.
- Demand for Ferrous Sulphate strengthened across agricultural, water treatment, and pharmaceutical sectors during Q4 2025.
- The Ferrous Sulphate price trend remained firm in Q4 2025, supported by sustained industrial activity and robust demand.
- Chemical companies slowed operating rates in Q4 2025 to reduce inventories, impacting overall supply dynamics.
- Natural gas prices at Henry Hub gradually rose in the final months of 2025, influenced by a December 2025 cold snap.
- Resilient construction activity in Q4 2025, including data center projects, spurred steel consumption.
- General inflation, indicated by a 2.7% CPI increase year-over-year in December 2025, contributed to higher operational expenses.
- Healthy consumer spending, with retail sales up 3.3% year-over-year in November 2025, indirectly supported Ferrous Sulphate demand.
Why did the price of Ferrous Sulphate change in December 2025 in North America?
- Strong agricultural and water treatment demand bolstered Ferrous Sulphate consumption in Q4 2025.
- Rising natural gas prices and 3.0% PPI in November 2025 elevated Ferrous Sulphate production costs.
- Increased industrial production, up 2.0% year-over-year in December 2025, supported market strength.
Ferrous Sulphate Prices in APAC
- In China, the Ferrous Sulphate Price Index fell in Q4 2025, influenced by a -1.9% PPI decline in December 2025. While across the APAC market the prices were settled at USD 3118/MT.
- Ferrous Sulphate production costs faced upward pressure due to weakened crude steel output in October and December 2025.
- Industrial demand for Ferrous Sulphate was robust, with Industrial Production increasing by 5.2% in December 2025.
- The Manufacturing Index expanded in December 2025, indicating industrial sector growth, supporting Ferrous Sulphate demand.
- Consumer demand for Ferrous Sulphate remained subdued, with CPI at 0.8% and Retail Sales up 0.9% in December 2025.
- Industrial companies increased Ferrous Sulphate inventories in December 2025, partly anticipating the Lunar New Year.
- China's total exports and imports of goods increased in December 2025, impacting Ferrous Sulphate trade flows.
- Industrial profits accelerated towards year-end in Q4 2025 after slumps, affecting overall market sentiment.
Why did the price of Ferrous Sulphate change in December 2025 in APAC?
- Producer Price Index declined by -1.9% in December 2025, reflecting deflationary pressures on industrial goods.
- Crude steel production weakened in December 2025, reducing byproduct Ferrous Sulphate availability and supply.
- Industrial Production increased by 5.2% in December 2025, indicating stronger industrial demand for Ferrous Sulphate.
Ferrous Sulphate Prices in Europe
- In Germany, Ferrous Sulphate Price Index fell in Q4 2025, driven by decreasing producer costs and limited chemical demand.
- Ferrous Sulphate production costs declined in December 2025; Producer Price Index decreased 2.5% year-over-year.
- Ferrous Sulphate demand was limited in Q4 2025; German manufacturing demand contracted deeper in December 2025.
- Sulfuric acid feedstock costs strengthened in October 2025; German energy costs remained uncompetitive in 2025.
- German chemical production contracted in Q4 2025, with low capacity utilization in October 2025.
- German manufacturing export orders fell in December 2025, indicating reduced international demand.
- Crude steel production, a key Ferrous Sulphate source, reduced in December 2025, continuing decline.
- Industrial production increased 0.8% year-over-year in October 2025, supporting industrial chemical demand.
- Retail sales rose 0.8% in October 2025; unemployment was 3.8% in November 2025, supporting downstream.
Why did the price of Ferrous Sulphate change in December 2025 in Europe?
- Producer input costs for Ferrous Sulphate decreased 2.5% year-over-year in December 2025.
- German manufacturing demand for chemicals contracted deeper in December 2025.
- Crude steel production, a key raw material source, reduced in December 2025.
For the Quarter Ending September 2025
North America
- In United States, Ferrous Sulphate Price Index fell in Q3 2025, due to increased sulfuric acid availability and overcapacity.
- Ferrous Sulphate production costs rose from natural gas and industrial electricity price increases in Q3 2025.
- Sulfuric acid feedstock costs softened in late September 2025 due to increased availability.
- Water treatment and agricultural demand for Ferrous Sulphate strengthened in Q3 2025 due to mandates.
- Industrial production grew 0.1% year-over-year in September 2025, indicating sluggish industrial demand.
- Consumer Price Index rose 3.0% year-over-year in September 2025, impacting overall production costs.
- Producer Price Index increased 2.6% year-over-year in August 2025, signaling rising input costs.
- Ferrous Sulphate demand outlook is mixed; retail sales rose 5.42% in September 2025, with unemployment at 4.3%.
- Consumer confidence declined to 94.2 in September 2025, suggesting cautious spending; customer inventories were "too low".
Why did the price of Ferrous Sulphate change in September 2025 in North America?
- Increased sulfuric acid availability and imports pressured domestic prices.
- Broader chemical industry overcapacity in Q3 2025 pressured prices.
- Rising natural gas and industrial electricity costs elevated production expenses.
APAC
- In China, the Ferrous Sulphate Price Index fell in Q3 2025, influenced by deflationary pressures and weak industrial demand.
- Production costs for Ferrous Sulphate faced upward pressure from increased sulfuric acid feedstock costs during Q3 2025.
- Demand from the steel industry, a significant end-use sector, weakened in Q3 2025 due to a property market downturn.
- China's industrial production grew 6.5% year-on-year in September 2025, yet the Manufacturing Index was contracting.
- Agricultural sector demand for Ferrous Sulphate strengthened in Q3 2025, partially offsetting industrial sector weakness.
- Deflationary trends persisted, with CPI falling 0.3% and PPI falling 2.3% year-on-year in September 2025.
- Consumer confidence remained pessimistic at 89.6 in September 2025, contributing to cautious market sentiment for Ferrous Sulphate.
- Ferrous Sulphate price forecast remains cautious due to persistent steel inventory overhang and contracting manufacturing activity.
Why did the price of Ferrous Sulphate change in September 2025 in APAC?
- Deflationary pressures, with CPI -0.3% and PPI -2.3% year-on-year in September 2025.
- Weakened steel industry demand due to a Q3 2025 property market downturn.
- Contracting Manufacturing Index in September 2025 signaled reduced industrial activity.
Europe
- In Germany, the Ferrous Sulphate Price Index fell quarter-over-quarter, driven by lower production costs and weak industrial demand in Q3 2025.
- Ferrous Sulphate production costs decreased, with producer prices down 1.7% and natural gas prices subdued in Q3 2025.
- The Ferrous Sulphate demand outlook remained weak as Germany's Manufacturing Index was contracting in Q3 2025.
- Industrial production declined 1.0% in September 2025, reducing overall demand for industrial chemicals.
- Consumer Price Index increased 2.4% in September 2025, indicating rising operational costs for producers.
- The chemical industry business climate deteriorated significantly in July 2025, alongside declining manufacturing industrial orders.
- German chemical exports faced negative impacts from new US tariffs in July 2025, affecting trade flows.
- Retail sales rose 0.2% in September 2025; stable unemployment at 6.3% indicated economic weakness.
Why did the price of Ferrous Sulphate change in September 2025 in Europe?
- Producer prices of industrial products decreased 1.7% in September 2025, lowering Ferrous Sulphate manufacturing costs.
- Germany's Manufacturing Index was contracting in Q3 2025, signaling reduced industrial demand.
- Subdued natural gas prices in Q3 2025 reduced energy-intensive production costs for Ferrous Sulphate.
