For the Quarter Ending September 2025
North America
• In United States, Methyl Tetrahydrophthalic Anhydride Price Index rose in Q3 2025, driven by increased production costs.
• Production costs for Methyl Tetrahydrophthalic Anhydride increased, influenced by a 2.6% PPI rise year-over-year in August 2025.
• Demand for Methyl Tetrahydrophthalic Anhydride was supported by a 5.42% year-over-year retail sales increase in September 2025.
• Industrial production grew modestly by 0.1% year-over-year in September 2025, indicating weak industrial sector demand.
• US new vehicle sales strengthened year-over-year in Q3 2025, positively impacting Methyl Tetrahydrophthalic Anhydride automotive demand.
• Shrinking chemical inventories in Q3 2025 due to destocking suggest potential future supply tightness for Methyl Tetrahydrophthalic Anhydride.
• Elevated freight rates suppressed Methyl Tetrahydrophthalic Anhydride imports into the US from Asia and Europe during Q3 2025.
• Stable N-butane feedstock costs in Q3 2025 offered some cost stability for Maleic Anhydride, a key precursor.
• Consumer confidence declined to 94.2 in September 2025, potentially dampening future Methyl Tetrahydrophthalic Anhydride demand outlook.
Why did the price of Methyl Tetrahydrophthalic Anhydride change in September 2025 in North America?
• Rising PPI by 2.6% in August 2025 increased Methyl Tetrahydrophthalic Anhydride production costs.
• Strong retail sales, up 5.42% year-over-year in September 2025, supported end-product demand.
• Elevated freight rates in Q3 2025 limited Methyl Tetrahydrophthalic Anhydride imports, tightening domestic supply.
APAC
• In China, the Methyl Tetrahydrophthalic Anhydride Price Index fell quarter-over-quarter in Q3 2025, due to weak industrial demand and lower feedstock costs.
• Production costs for Methyl Tetrahydrophthalic Anhydride declined in Q3 2025, influenced by falling maleic anhydride and butadiene prices.
• Demand faced headwinds from contracting manufacturing activity and pessimistic consumer confidence in September 2025.
• Industrial production grew 6.5% in September 2025, alongside 3.0% retail sales, offering some demand support.
• Stable unemployment at 5.2% in September 2025 provided a neutral economic backdrop for MTHPA demand.
• Strong new energy vehicle production and high-tech manufacturing output in Q3 2025 bolstered consumption.
• Oversupplied butadiene and expanded maleic anhydride capacities in Q3 2025 contributed to ample supply.
• The Methyl Tetrahydrophthalic Anhydride Price Index is forecast to remain stable or decline, influenced by weak demand signals.
Why did the price of Methyl Tetrahydrophthalic Anhydride change in September 2025 in APAC?
• Weak consumer demand, with -0.3% CPI in September 2025, dampened MTHPA consumption.
• Declining maleic anhydride feedstock costs in late September 2025 reduced MTHPA production expenses.
• Contracting manufacturing activity in September 2025, with ample supply, pressured MTHPA prices.
Europe
• In Germany, the Methyl Tetrahydrophthalic Anhydride Price Index fell quarter-over-quarter in Q3 2025, driven by contracting industrial activity.
• The Methyl Tetrahydrophthalic Anhydride price forecast suggests continued stability or slight decline due to subdued demand outlook.
• Methyl Tetrahydrophthalic Anhydride production costs faced downward pressure from lower producer prices, down 1.7% in September 2025.
• Demand for Methyl Tetrahydrophthalic Anhydride remained weak in Q3 2025, with automotive and construction sectors significantly subdued.
• German industrial production declined 1.0% in September 2025; the Manufacturing Index contracted, impacting MTHPA consumption.
• General inflation, with CPI at 2.4% in September 2025, pressured Methyl Tetrahydrophthalic Anhydride production expenses upward.
• Ample German chemical inventories and decreased exports in Q3 2025 contributed to a bearish Methyl Tetrahydrophthalic Anhydride market.
• Maleic anhydride feedstock costs faced complex supply scenarios in Europe Q3 2025, influencing MTHPA input costs.
Why did the price of Methyl Tetrahydrophthalic Anhydride change in September 2025 in Europe?
• Contracting industrial production, down 1.0% in September 2025, reduced Methyl Tetrahydrophthalic Anhydride demand.
• Lower producer prices, down 1.7% in September 2025, eased Methyl Tetrahydrophthalic Anhydride production costs.
• Weakened automotive and subdued construction sector demand in Q3 2025 impacted Methyl Tetrahydrophthalic Anhydride consumption.
