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.
