For the Quarter Ending September 2025
North America
• In the United States, the Isopropyl Myristate (IPM) Price Index rose in Q3 2025 due to general inflationary pressures.
• The 3.0% year-over-year CPI increase in September 2025 indicated rising raw material and energy costs.
• Producer Price Index (PPI) rose 2.6% year-over-year in August 2025, signifying higher input costs for IPM.
• IPM production costs moderated from steady propylene feedstock and robust palm kernel oil supply in Q3 2025.
• Natural gas prices, a key energy input, moderated in Q3 2025 due to increased US production.
• IPM demand outlook was mixed; 5.42% year-over-year retail sales growth in September 2025 supported consumer sectors.
• However, 0.1% year-over-year industrial production growth in September 2025 suggested subdued activity, impacting IPM demand.
• Declining consumer confidence (94.2) and 4.3% unemployment rate in September 2025 indicated reduced discretionary spending.
• Global overcapacity, particularly from China, continued to pressure the broader chemicals industry in Q3 2025.
Why did the price of Isopropyl Myristate (IPM) change in September 2025 in North America?
• Rising CPI (3.0% September 2025) and PPI (2.6% August 2025) increased IPM production costs.
• Moderating natural gas prices and steady propylene feedstock costs eased IPM manufacturing expenses.
• Global chemical overcapacity, notably from China, influenced Isopropyl Myristate (IPM) pricing.
APAC
• In China, Isopropyl Myristate (IPM) Price Index fell quarter-over-quarter in Q3 2025, influenced by weak producer prices.
• IPM Price Forecast indicates continued pressure from macroeconomic headwinds.
• Isopropyl Myristate (IPM) production costs faced upward pressure from elevated coconut oil prices in Q3 2025.
• Isopropyl Myristate (IPM) demand outlook was mixed, with strong personal care sales offsetting consumer caution.
• China's CPI decreased by 0.3% year-on-year in September 2025, indicating deflationary pressures.
• The Manufacturing Index in China was contracting in September 2025, signaling reduced industrial activity.
• Industrial production grew 6.5% year-on-year in September 2025, supporting overall manufacturing output.
• Retail sales in China increased 3.0% year-on-year in September 2025, supporting consumer goods demand.
• Unemployment at 5.2% in September 2025 and low consumer confidence constrained discretionary spending.
• Propylene feedstock costs fluctuated in Q3 2025, initially rising then weakening for IPM production.
Why did the price of Isopropyl Myristate (IPM) change in September 2025 in APAC?
• Producer prices declined 2.3% in September 2025, reducing IPM manufacturers' pricing power.
• Consumer confidence at 89.6 and CPI at -0.3% in September 2025 dampened discretionary demand.
• The contracting Manufacturing Index in September 2025 signaled overall industrial weakness, impacting demand.
Europe
• In Germany, the Isopropyl Myristate (IPM) Price Index fell quarter-over-quarter in Q3 2025, due to reduced production costs.
• IPM production costs decreased as producer prices fell 1.7% in September 2025, driven by lower energy costs.
• Propylene prices, a key IPM feedstock, declined considerably in Q3 2025 due to weak downstream demand.
• Demand for IPM faced headwinds from a 2.4% CPI increase in September 2025, eroding consumer purchasing power.
• Germany's Manufacturing Index was contracting in Q3 2025, signaling a slowdown in overall industrial activity.
• The Personal Care & Cosmetics sector, a major IPM end-use, showed strengthening market growth in Q3 2025.
• Retail sales rose slightly by 0.2% in September 2025, offering mild support for IPM demand in consumer products.
• Palm Kernel Oil prices, an IPM feedstock, rose in Europe during Q3 2025, indicating some cost pressure.
• Coconut oil inventories tightened in Q3 2025 due to logistical constraints and production disruptions.
Why did the price of Isopropyl Myristate (IPM) change in September 2025 in Europe?
• Producer prices for industrial products fell 1.7% in September 2025, reducing IPM manufacturing costs.
• Propylene feedstock prices declined significantly in Q3 2025, easing cost pressures for IPM production.
• Consumer purchasing power was eroded by a 2.4% CPI increase in September 2025, impacting discretionary demand.
