For the Quarter Ending September 2025
North America
• In United States, the Glycerol Mono Stearate (GMS-SE) Price Index rose quarter-over-quarter in Q3 2025, driven by increasing production costs.
• GMS-SE production costs increased due to a 2.6% YoY PPI rise in August 2025 and strengthening Q3 2025 natural gas prices.
• Demand for GMS-SE faced headwinds from a 3.0% YoY CPI increase in September 2025, reducing consumer purchasing power.
• Robust consumer spending, with retail sales up 5.42% YoY in September 2025, supported GMS-SE demand in consumer goods.
• Soybean oil prices strengthened in July 2025, then stabilized in September 2025, impacting GMS-SE feedstock costs.
• The Manufacturing Industrial Production Index inched up in August 2025, indicating slight recovery in industrial demand.
• A 4.3% unemployment rate in September 2025 suggested moderate labor market stability, but with some consumer caution.
• GMS-SE price forecast indicates continued upward pressure from sustained cost inflation, potentially moderated by demand sensitivity.
Why did the price of Glycerol Mono Stearate (GMS-SE) change in September 2025 in North America?
• Rising input costs, including a 2.6% PPI increase in August 2025, pushed GMS-SE production expenses.
• Strengthening Q3 2025 natural gas prices and July's soybean oil increases contributed to cost burdens.
• Mixed demand signals, with strong retail sales offset by declining consumer confidence in September 2025.
APAC
• In China, the Glycerol Mono Stearate (GMS-SE) Price Index rose quarter-over-quarter in Q3 2025, driven by surging feedstock.
• GMS-SE production costs increased in Q3 2025, due to surging refined glycerine and palm oil feedstock expenses.
• China's CPI decreased by 0.3% year-on-year in September 2025, indicating deflation and reduced consumer purchasing.
• The Manufacturing Index was contracting in September 2025, suggesting reduced new orders and lower industrial demand.
• Industrial production expanded by 6.5% year-on-year in September 2025, supporting GMS-SE demand from manufacturing.
• Retail sales increased by 3.0% year-on-year in September 2025, boosting GMS-SE demand in consumer applications.
• Refined glycerine inventories tightened in China during Q3 2025, as domestic supply struggled to meet consumption.
• The GMS-SE price forecast suggests continued upward pressure from feedstock costs and supply constraints.
Why did the price of Glycerol Mono Stearate (GMS-SE) change in September 2025 in APAC?
• Surging refined glycerine and palm oil feedstock costs significantly increased GMS-SE production expenses.
• Tightening refined glycerine inventories and constrained glycerol supply limited GMS-SE material availability.
• Declining PPI (-2.3% in September 2025) and consumer confidence were offset by robust industrial production.
Europe
• In Germany, the Glycerol Mono Stearate (GMS-SE) Price Index fell quarter-over-quarter in Q3 2025, driven by reduced production costs and subdued industrial demand.
• Glycerol Mono Stearate (GMS-SE) production costs declined in Q3 2025, influenced by a -1.7% year-over-year drop in producer prices in September 2025.
• Overall demand for Glycerol Mono Stearate (GMS-SE) was pressured by contracting manufacturing activity and a 1.0% industrial production decline in September 2025.
• Consumer purchasing power was impacted by a 2.4% CPI year-over-year increase in September 2025, affecting GMS-SE end-product demand.
• European glycerine prices declined in Q3 2025 due to ample supply, while stearic acid faced downward pressure in July 2025.
• High European stearic acid inventory levels in July 2025 and declining German exports in Q3 2025 influenced GMS-SE market dynamics.
• Demand for sustainable beauty products strengthened in Q3 2025, offering a positive signal for Glycerol Mono Stearate (GMS-SE) in cosmetics.
• A stable 6.3% unemployment rate in September 2025 suggested cautious consumer spending, dampening GMS-SE demand in consumer goods.
Why did the price of Glycerol Mono Stearate (GMS-SE) change in September 2025 in Europe?
• Producer prices of industrial products were lower by 1.7% year-over-year in September 2025, reducing GMS-SE manufacturing costs.
• Industrial production declined 1.0% in September 2025, alongside contracting manufacturing activity, weakening GMS-SE industrial demand.
• European glycerine and stearic acid prices declined in Q3 2025, contributing to lower feedstock costs for Glycerol Mono Stearate (GMS-SE).
