For the Quarter Ending September 2025
North America
• In United States, the Hedione Price Index rose quarter-over-quarter in Q3 2025, influenced by rising costs and robust retail sales.
• Hedione production costs increased in Q3 2025, driven by a 2.6% year-over-year PPI rise in August 2025.
• Demand for Hedione was supported by a 5.42% year-over-year retail sales increase in September 2025.
• Consumer confidence declined to 94.2 in September 2025, dampening discretionary spending on fine fragrances.
• Low 4.3% unemployment rate in September 2025 sustained consumer purchasing power for personal and household care.
• US natural gas prices showed broad upward pressure in Q3 2025, impacting Hedione manufacturing costs.
• Industrial production increased 0.1% year-over-year in September 2025, limiting growth in Hedione-consuming sectors.
• Hedione price forecast suggests continued upward cost pressure, balanced by cautious consumer spending trends.
Why did the price of Hedione change in September 2025 in North America?
• Rising input costs, with 2.6% year-over-year PPI increase in August 2025, pressured Hedione prices.
• Strong retail sales, up 5.42% year-over-year in September 2025, supported Hedione product demand.
• Declining consumer confidence in September 2025 tempered premium fragrance demand, influencing Hedione pricing.
APAC
• In China, the Hedione Price Index fell quarter-over-quarter in Q3 2025, influenced by contracting manufacturing and easing raw material costs.
• Hedione production costs trended downwards in Q3 2025, driven by notably lower naphtha feedstock costs.
• A contracting Manufacturing Index and -2.3% PPI in September 2025 indicated reduced industrial demand for Hedione.
• Consumer demand was pressured by a -0.3% CPI decline and 89.6 consumer confidence in September 2025.
• The 5.2% unemployment rate in September 2025 further dampened consumer spending, affecting Hedione demand.
• Despite challenges, Hedione demand received support from a 3.0% increase in retail sales and 6.5% industrial production in September 2025.
• The Hedione Price Index is forecast to remain under pressure due to persistent structural overcapacity in China.
• China's chemical product exports strengthened year-on-year in September 2025, despite fluctuating inventory levels.
Why did the price of Hedione change in September 2025 in APAC?
• Weak consumer demand, with CPI down -0.3% in September 2025, dampened Hedione sales.
• Easing raw material costs and lower naphtha feedstock prices reduced Hedione production expenses.
• Contracting Manufacturing Index and -2.3% PPI in September 2025 pressured Hedione prices.
Europe
• In Germany, the Hedione Price Index remained stable quarter-over-quarter in Q3 2025, balancing rising CPI and falling producer prices.
• Hedione production costs faced upward pressure from rising naphtha feedstock prices in Q3 2025.
• Demand for Hedione was supported by robust growth in the beauty and personal care sector in Q3 2025.
• Hedione price forecast indicates stability, balancing rising feedstock costs, moderating energy, and mixed demand.
• German industrial production declined 1.0% in September 2025, indicating reduced output for Hedione products.
• Retail sales in Germany rose 0.2% in September 2025, suggesting a modest uptick in consumer purchases.
• Naphtha inventories accumulated in Netherlands Q3 2025, while German manufacturing finished goods stocks declined.
• German exports declined in Q3 2025, contributing to economic stagnation and impacting chemical trade.
• The Manufacturing Index was contracting in Q3 2025, reflecting a slowdown in German manufacturing activity.
Why did the price of Hedione change in September 2025 in Europe?
• Naphtha feedstock costs experienced upward pressure in Q3 2025, increasing Hedione production expenses.
• Industrial producer prices fell 1.7% in September 2025, primarily due to reduced energy costs.
• Robust growth in the beauty and personal care sector in Q3 2025 supported Hedione demand.
