For the Quarter Ending September 2025
North America
• In the United States, Hexahydrophthalic Anhydride Price Index rose in Q3 2025, driven by increasing production costs.
• Demand faced headwinds from marginal 0.1% year-over-year industrial production increase in September 2025.
• Strong retail sales, up 5.42% year-over-year in September 2025, indirectly supported Hexahydrophthalic Anhydride demand.
• US manufacturing inventories continued to shrink in Q3 2025, indicating tighter supply for Hexahydrophthalic Anhydride.
• Consumer confidence declined to 94.2 in September 2025, despite a 4.3% unemployment rate, posing a bearish demand outlook.
• The Hexahydrophthalic Anhydride price forecast suggests continued upward pressure from cost inflation and low inventories.
Why did the price of Hexahydrophthalic Anhydride change in September 2025 in North America?
• Rising North American o-xylene feedstock costs in Q3 2025 directly increased Hexahydrophthalic Anhydride production expenses.
• A 2.6% year-over-year rise in the Producer Price Index in August 2025 elevated overall input costs.
• Shrinking US manufacturing inventories in Q3 2025 indicated tighter supply, supporting upward Hexahydrophthalic Anhydride price trends.
APAC
• In China, the Hexahydrophthalic Anhydride Price Index rose quarter-over-quarter in Q3 2025, driven by weak industrial demand.
• Production costs for Hexahydrophthalic Anhydride remains balanced from adequate feedstock availability in Q3 2025.
• Demand for Hexahydrophthalic Anhydride was supported by strengthening automotive and recovering construction sectors in Q3 2025.
• Industrial Production expanded by 6.5% in September 2025, boosting Hexahydrophthalic Anhydride demand for various applications.
• Retail Sales increased by 3.0% in September 2025, offering moderate support for Hexahydrophthalic Anhydride in consumer goods.
• The Manufacturing Index was contracting in September 2025, indicating reduced new orders and overall bearish demand.
• Consumer Price Index declined by -0.3% and Producer Price Index fell by -2.3% in September 2025, reflecting weak demand.
• Persistent overcapacity in the broader chemical industry in Q3 2025 contributed to downward pressure on Hexahydrophthalic Anhydride prices.
Why did the price of Hexahydrophthalic Anhydride change in September 2025 in APAC?
• Contracting Manufacturing Index in September 2025 indicated weak industrial demand, pressuring Hexahydrophthalic Anhydride prices.
• Declining Producer Price Index by -2.3% in September 2025 signaled weak downstream demand and oversupply conditions.
• Persistent chemical industry overcapacity in Q3 2025 contributed to downward pressure on Hexahydrophthalic Anhydride prices.
Europe
• In Germany, Hexahydrophthalic Anhydride Price Index fell in Q3 2025, driven by weakened industrial demand.
• Hexahydrophthalic Anhydride production costs decreased in Q3 2025, as producer prices declined 1.7% in September 2025.
• Demand for Hexahydrophthalic Anhydride was impacted by Germany's industrial production falling 1.0% in September 2025.
• The Manufacturing Index contracting in Q3 2025 signaled reduced Hexahydrophthalic Anhydride demand from industrial sectors.
• Hexahydrophthalic Anhydride demand outlook was mixed; automotive strengthened, but construction activity contracted in Q3 2025.
• Increased competition from cheaper Asian phthalic anhydride imports in Q3 2025 pressured Hexahydrophthalic Anhydride market dynamics.
Why did the price of Hexahydrophthalic Anhydride change in September 2025 in Europe?
• Lower energy costs drove a 1.7% PPI decline in September 2025, easing HHPA production.
• Industrial production fell 1.0% in September 2025, decreasing Hexahydrophthalic Anhydride demand.
• Weakened downstream demand caused Phthalic Anhydride feedstock costs to sharply decline in Q3 2025.
