For the Quarter Ending December 2025
APAC
• In Japan, the Iodine Price Index rose by 4.38% quarter-over-quarter, driven by tight-supply and firm export-demand.
• The average Iodine price for the quarter was approximately USD 74771.67/MT, reflecting export-driven demand firmly.
• Iodine Spot Price remained firm as Chilean availability tightened and buyers prioritized Japanese high-purity cargoes.
• Iodine Price Forecast suggests mild near-term easing followed by gradual recovery as restocking resumes regionally.
• Iodine Production Cost Trend is elevated due to higher LNG-linked energy charges increasing utility expenses.
• Iodine Demand Outlook remains constructive with pharmaceutical and electronics sectors sustaining steady offshore procurement volumes.
• Iodine Price Index dynamics reflected inventory discipline and logistics premiums supporting FOB Tokyo offers firmly.
• Export demand and terminal-inventories remained pivotal, with shipping costs plus Chilean availability influencing Japanese export strategy.
Why did the price of Iodine change in December 2025 in APAC?
• Constrained brine-derived output and lean terminal stocks tightened supply, enabling sellers to sustain higher offers.
• Robust offshore pharmaceutical and electronics procurement increased competition for cargoes, supporting FOB Tokyo price resilience.
• Elevated LNG-linked utility costs and higher freight rates raised production and logistics costs, pressuring netbacks.
South America
• In Chile, the Iodine Price Index rose by 1.52% quarter-over-quarter, supported by disciplined exporter allocations.
• The average Iodine price for the quarter was approximately USD 73671.67/MT, reflecting export contracts and limited spot availability.
• Iodine Spot Price tightened in pockets as exporters prioritized contract shipments over spot allocations, reducing available cargoes.
• Iodine Price Forecast indicates modest near term moderation absent supply disruptions, with seasonal restocking shaping momentum.
• Iodine Production Cost Trend remained stable because energy expenses eased and caliche ore grades supported steady output.
• Iodine Demand Outlook stayed constructive as pharmaceutical and electronics restocking provided steady offtake into December contracts.
• The Iodine Price Index reflected leaner terminal inventories and elevated freight costs, enabling firmer FOB negotiations for exporters.
• Exporter operational discipline and smooth Chilean logistics prevented large swings, keeping market sentiment cautiously but gradually bullish.
Why did the price of Iodine change in December 2025 in South America?
• Disciplined export allocations limited spot availability, tightening supplies at San Antonio and supporting nominal price strength.
• Pharmaceutical year end restocking increased contractual demand even as seasonal trade slowdown restrained broader downstream purchases.
• Stable production and easing energy costs reduced extraction expenses, allowing sellers to concede minimally while preserving margins.
North America
• Iodine Price Index in North America strengthened modestly quarter-over-quarter, supported by constrained import availability and stable downstream demand.
• Iodine Spot Market conditions remained firm as buyers relied heavily on contracted volumes amid limited discretionary cargoes.
• Iodine Price Forecast indicates short-term stability with selective upside risk, followed by normalization as import flows improve.
• Iodine Production Cost Trend stayed elevated, reflecting higher energy, compliance, and logistics costs across the supply chain.
• Iodine Demand Outlook remained steady, with pharmaceutical, nutrition, and medical imaging sectors maintaining consistent offtake.
• Iodine Price Index dynamics were shaped by inventory discipline and cautious procurement strategies among distributors.
• Import dependency on Chilean and Japanese material continued to influence regional pricing behavior and lead times.
• Freight availability and port congestion intermittently affected delivery schedules, reinforcing firm spot sentiment.
Why did the price of Iodine change in December 2025 in North America?
• Limited spot availability and reliance on term contracts tightened supply flexibility, allowing suppliers to hold firm offers.
• Steady pharmaceutical and healthcare demand sustained baseline consumption despite year-end inventory optimization.
• Higher logistics, regulatory, and energy costs increased landed costs, supporting price stability toward year-end.
Europe
• Iodine Price Index in Europe showed a firm to stable trend, underpinned by controlled inventories and cautious seller participation.
• Spot market activity remained limited, with most volumes moving through long-term agreements rather than open market trades.
• Iodine Price Forecast points to near-term firmness, followed by gradual softening as restocking cycles align with improved import visibility.
• Iodine Production and Distribution Cost Trends stayed elevated due to high energy prices, environmental compliance costs, and inland freight expenses.
• Iodine Demand Outlook remained resilient, led by pharmaceutical intermediates, specialty chemicals, and medical applications.
• Iodine Price Index movements reflected balanced demand-supply dynamics rather than aggressive buying or destocking.
• Dependence on imported iodine kept European buyers sensitive to global supply disruptions and freight volatility.
• Currency movements and energy market fluctuations added cost uncertainty, influencing procurement timing.
Why did the price of Iodine change in December 2025 in Europe?
• Tight control over inventories and limited spot cargo availability supported firm market sentiment.
• Stable downstream pharmaceutical demand prevented any meaningful demand-side pressure on prices.
• Elevated energy and transportation costs, combined with cautious year-end procurement, helped maintain price stability.
For the Quarter Ending September 2025
APAC
• In Japan, the Iodine Price Index rose by 1.02% quarter-over-quarter, in Q3 2025, supported by supply and moderate demand.
• The average Iodine price for the quarter was approximately USD 71633.33/MT, reflecting modest volatility and seasonal adjustments in Japan.
• Iodine Spot Price remained broadly steady amid balanced supply and inventories on par with regional averages.
• Iodine Price Forecast suggests modest gains driven by steady demand and controlled supply dynamics in APAC, with markets steady.
• Iodine Production Cost Trend remains stable, with limited input cost pressure seen in regional manufacturing across producers.
• Iodine Demand Outlook remains steady with moderated pharmaceutical and electronics consumption in APAC markets this quarter.
• Iodine Price Index movements align with regional stock levels and export flows throughout the APAC quarter.
Why did the price of Iodine change in September 2025 in APAC?
• Supply normalization and improved export efficiency reduced price pressures in September 2025 across APAC markets.
• Moderate downstream demand, especially in healthcare and electronics, tempered gains despite supply stability, global improvement.
• Logistics remained stable with steady port operations supporting orderly trade movements throughout September 2025 period.
North America
• In the U.S., the Iodine Price Index exhibited a quarter-over-quarter rise, supported by steady industrial consumption and tightening regional inventories.
• Iodine Spot Prices remained relatively firm, supported by consistent supply-chain operations and healthy domestic stock levels.
• The Iodine Price Forecast indicates moderate upward potential for Q4 2025, as producers maintain controlled output and industrial buyers sustain steady procurement activity.
• Production Cost Trends remained stable, with energy and raw material inputs showing minimal quarter-to-quarter variation.
• The Demand Outlook was steady across key sectors — healthcare, pharmaceuticals, and specialty chemicals — with modest restocking observed late in the quarter.
• Price Index movements reflected limited volatility, aligning with steady logistics and moderate export activities from the U.S. Gulf Coast.
Europe
• In Europe, the Iodine Price Index registered a quarter-over-quarter increase, reflecting balanced trade flows and recovering downstream activity.
• Spot Prices remained range-bound amid steady consumption and adequate inventories across key markets including Germany, France, and the U.K.
• The Price Forecast for the upcoming quarter suggests mild appreciation, supported by stable demand from the pharmaceutical and imaging reagent sectors.
• Production Cost Trends were largely stable, aided by moderated energy prices and consistent feedstock availability.
• The Demand Outlook was steady, with pharmaceutical and medical imaging sectors driving moderate consumption gains.
• Price Index movements were closely tied to import volumes from Chile and domestic production steadiness across European facilities.
South America
• In Chile, the Iodine Price Index fell 7.57% quarter-over-quarter, in Q3 2025, as supply remained balanced amid muted buying.
• The average Iodine price for the quarter was approximately USD 72,571.67/MT, reflecting steady market fundamentals.
• Iodine Spot Price remained steady, supported by balanced inventories, stable exports, and ongoing near-term restocking from buyers.
• Iodine Price Forecast points to modest gains later in Q4 as healthcare, electronics, and disinfectant demand stabilizes.
• Iodine Production Cost Trend is broadly stable with caliche mining maintaining output and energy inputs remaining predictable.
• Iodine Demand Outlook remains constructive for medical imaging, catalysts, and sanitation applications, underpinning relatively balanced purchasing.
• Iodine Price Index indicates a gentle softening compared with earlier highs, mirroring regional supply calm.
• Inventory levels and export discipline limit sudden price spikes while seasonal demand shifts influence quarter-end volatility.
Why did the price of Iodine change in September 2025 in South America?
• Supply and export flows remained steady, preventing sharp price swings in September 2025, despite regional logistics.
• Cost pressures were modest as caliche mining, processing costs, and energy inputs stayed broadly stable.
• Demand momentum cooled slightly with restocking pauses in medical imaging, disinfectants, and industrial catalysts.
