For the Quarter Ending September 2025
North America
• In the United States, the Hexaconazole Price Index rose quarter-over-quarter in Q3 2025, driven by increased production costs and robust crop protection demand.
• Hexaconazole production costs increased in Q3 2025 due to strengthened benzene feedstock prices and rising freight expenses.
• Inflationary pressures, with CPI up 3.0% in September 2025 and PPI up 2.6% in August 2025, raised operational costs.
• Robust demand for crop protection chemicals in Q3 2025, supported by strong retail sales (up 5.42% YoY), boosted demand.
• US natural gas prices saw an uptick in Q3 2025, influenced by increased LNG exports and power sector consumption.
• Limited benzene inventory buildup and increased US export volumes in Q3 2025 supported feedstock prices.
• Challenging farmer economics in Q3 2025, despite projected net farm income increases, influenced agricultural input investment.
• Industrial production growth was near stagnant at 0.1% year-over-year in September 2025, signaling broader economic deceleration.
• A low unemployment rate of 4.3% in September 2025 supported consumer spending, indirectly benefiting agricultural demand.
Why did the price of Hexaconazole change in September 2025 in North America?
• Strengthened benzene feedstock costs and rising freight expenses increased Hexaconazole production costs.
• Robust crop protection demand, driven by weather-related disease surges, supported Hexaconazole prices.
• CPI up 3.0% in September 2025 contributed to higher operational costs for manufacturers.
APAC
• In China, the Hexaconazole Price Index fell quarter-over-quarter in Q3 2025, driven by weak consumer demand and ample inventories.
• The Hexaconazole Price Forecast suggests continued downward pressure due to persistent overcapacity and subdued market conditions.
• Production costs for Hexaconazole saw diminished support as benzene feedstock costs weakened in early Q3 2025.
• International crude oil prices gradually declined in Q3 2025, contributing to lower production cost trends for chemicals.
• Hexaconazole demand outlook remained subdued, with agricultural product consumption growing slowly in Q3 2025.
• China's CPI fell by 0.3% and PPI decreased by 2.3% year-over-year in September 2025, reflecting deflation and weak demand.
• Industrial production grew 6.5% and retail sales increased 3.0% in September 2025, yet consumer confidence was low at 89.6.
• The Manufacturing Index was contracting in September 2025, with unemployment stable at 5.2%, indicating mixed economic signals.
Why did the price of Hexaconazole change in September 2025 in APAC?
• Weak consumer demand, with CPI falling 0.3% and consumer confidence at 89.6 in September 2025.
• Falling producer prices, as China's PPI decreased 2.3% year-over-year in September 2025.
• Ample domestic chemical inventories and a contracting Manufacturing Index in September 2025.
Europe
• In Germany, the Hexaconazole Price Index fell quarter-over-quarter in Q3 2025, influenced by declining producer prices and weak chemical demand.
• Hexaconazole production costs decreased in Q3 2025, as producer prices of industrial products fell 1.7% in September 2025.
• Petrochemical feedstock costs significantly declined in Q3 2025, further contributing to lower Hexaconazole manufacturing expenses.
• Demand for Hexaconazole faced headwinds from a 2.4% CPI increase in September 2025, raising farmer operational costs.
• Overall chemical demand in Germany remained weak across various end markets in Q3 2025, impacting sales volumes.
• Germany's Manufacturing Index was contracting in Q3 2025, signaling a slowdown in industrial production affecting supply.
• Industrial production declined 1.0% in September 2025, leading to slumped German chemical industry output.
• Despite a stable 6.3% unemployment rate in September 2025, consumer sentiment was negatively affected by tariff uncertainty.
• Increased grain harvest in Q3 2025 provided some support for agricultural fungicide demand, despite overall market weakness.
• Hexaconazole price forecast remains subdued due to persistent weak demand and ample supply from low capacity utilization.
Why did the price of Hexaconazole change in September 2025 in Europe?
• Producer prices of industrial products decreased 1.7% in September 2025, reducing Hexaconazole manufacturing costs.
• Germany's industrial production declined 1.0% in September 2025, reflecting a slump in chemical industry output.
• Overall chemical demand remained weak in Q3 2025, exacerbated by tariff uncertainty and rising consumer inflation.
