For the Quarter Ending December 2025
Morpholine Prices in APAC
- In China, the Morpholine Price Index fell in Q4 2025, reflecting weakened demand and deflationary pressures.
- In APAC, the Morpholine Price in December 2025 stood at 1650 USD/MT CFR Indonesia.
- Morpholine production costs declined in December 2025, with factory-gate deflation and PPI falling 1.9% year-over-year.
- Weak consumer demand for Morpholine persisted in December 2025; CPI 0.8%, retail sales grew 0.9% year-over-year.
- Industrial demand for Morpholine strengthened in December 2025, supported by a 5.2% rise in industrial production.
- Manufacturing activity expanded in December 2025, increasing industrial output and demand for chemical intermediates.
- Automotive production and sales reached record highs in 2025, boosting Morpholine demand in rubber chemicals.
- The Morpholine Price Index faced downward pressure in Q4 2025 from continued oversupply in petrochemical markets.
- Consumer confidence remained low at 90.30 points in November 2025, reflecting cautious spending and subdued demand.
- Unemployment remained stable at 5.1% in December 2025, contributing to cautious consumer spending and demand.
Why did the price of Morpholine change in December 2025 in APAC?
- Weak consumer demand in December 2025, with CPI 0.8% and retail sales up 0.9%.
- Deflationary pressures in December 2025, PPI fell 1.9%, reducing Morpholine production costs.
- Continued oversupply in November 2025 and expanding manufacturing activity in December 2025.
Morpholine Prices in North America
- In the United States, the Morpholine Price Index rose in Q4 2025, driven by rising input costs and industrial expansion.
- Morpholine production costs increased in Q4 2025, influenced by elevated natural gas prices and a 2.7% CPI rise in December 2025.
- Morpholine demand outlook was bullish in Q4 2025, supported by a 2.0% year-over-year rise in industrial production.
- Demand for ethylene oxide derivatives, a key Morpholine input, grew strongly in 2025, boosting overall market demand.
- Crude oil prices weakened in Q4 2025 due to growing global inventories, easing some feedstock cost pressures.
- U.S. total distillate inventories were lower at end-2025, indicating strong draws and export demand during the period.
- The U.S. goods and services trade deficit increased in November 2025 as exports decreased and imports increased.
- Consumer confidence was moderate in December 2025, while retail sales increased 3.3% year-over-year in November.
- Single-family housing starts rebounded significantly in December 2025, boosting construction sector demand.
Why did the price of Morpholine change in December 2025 in North America?
- Rising input costs, evidenced by a 3.0% PPI increase in November 2025, pressured Morpholine prices upward.
- Expanding industrial production, up 2.0% in December 2025, increased demand for Morpholine applications.
- Elevated natural gas prices in 2025 contributed to higher manufacturing expenses for Morpholine producers.
Morpholine Prices in Europe
- In Germany, the Morpholine Price Index fell quarter-over-quarter in Q4 2025, driven by producer-level deflation of -2.5% in December 2025.
- Morpholine production costs increased in Q4 2025 due to upward pressure on European natural gas prices from seasonal demand.
- Demand for Morpholine saw modest growth in October 2025, supported by a 0.8% year-on-year rise in industrial production.
- The Morpholine demand outlook was challenged in December 2025 by negative consumer confidence at -12.0%, dampening spending.
- Despite stable inflation at 1.8% in December 2025, Morpholine producers faced weakening pricing power from downstream industries.
- Morpholine inventory management continued into 2025 as European chemical producers previously reduced operating rates.
- Trade flows for commodity chemicals, including Morpholine, faced increased competition from lower-cost imports in 2025.
- Uncompetitive energy costs in Germany throughout 2025 significantly impacted Morpholine production profitability.
- A low unemployment rate of 3.8% in November 2025 fostered overall economic stability, indirectly supporting Morpholine demand.
Why did the price of Morpholine change in December 2025 in Europe?
- Producer price deflation of -2.5% in December 2025 exerted downward pressure on Morpholine pricing.
- Rising natural gas prices in Q4 2025 increased Morpholine production costs, impacting profitability.
- Weakened consumer confidence at -12.0% in December 2025 dampened Morpholine demand.
For the Quarter Ending September 2025
North America
- In United States, the Morpholine Price Index rose quarter-over-quarter in Q3 2025, driven by increased input costs.
- Production costs increased in Q3 2025, with CPI up 3.0% YoY (September) and PPI rising 2.6% YoY (August).
- Morpholine demand outlook was weak in Q3 2025; industrial production grew only 0.1% YoY in September.
- Chemical inventories shrank in Q3 2025 due to accelerating destocking, impacting Morpholine supply.
- U.S. natural gas prices, a key feedstock, rose year-over-year in September 2025, increasing production expenses.
- New chemical orders, including foreign, dropped in Q3 2025, indicating reduced Morpholine trade flows.
- Consumer confidence declined to 94.2 in September 2025, dampening Morpholine demand in consumer applications.
- Motor vehicles and parts production increased in August 2025, offering positive demand signals for Morpholine derivatives.
Why did the price of Morpholine change in September 2025 in North America?
- Increased input and raw material costs, with CPI up 3.0% YoY in September, pressured Morpholine prices.
- Weak demand in major customer markets and falling new chemical orders in Q3 2025 exerted downward pressure.
- Accelerating destocking led to shrinking chemical inventories in Q3 2025, providing some price support.
Europe
- In Germany, the Morpholine Price Index fell quarter-over-quarter in Q3 2025, driven by weak industrial demand and lower production costs.
- Morpholine production costs trended lower in Q3 2025, influenced by a 1.7% year-over-year decline in producer prices in September.
- Ethylene and Naphtha feedstock costs eased in Q3 2025, reducing Morpholine manufacturing expenses.
- Morpholine demand outlook remained weak in Q3 2025, as Germany's Manufacturing Index was contracting.
- Industrial production declined 1.0% year-over-year in September 2025, reducing Morpholine demand.
- Overall chemical product demand in Germany showed softness in Q3 2025, with domestic and export orders weak.
- Retail sales increased 0.2% year-over-year in September 2025, offering slight support for consumer-facing Morpholine uses.
- Manufacturing inventories declined in August 2025, while German chemical exports decreased, impacting supply.
- The Morpholine Price Index is forecast to remain under pressure due to persistent weak industrial demand.
Why did the price of Morpholine change in September 2025 in Europe?
- Producer prices of industrial products fell 1.7% year-over-year in September 2025, reducing Morpholine production costs.
- Germany's Manufacturing Index was contracting in Q3 2025, leading to reduced industrial demand for Morpholine.
- Weakening chemical exports and ample ethylene inventories contributed to downward pressure on Morpholine prices.
APAC
- In China, the Morpholine Price Index fell quarter-over-quarter in Q3 2025, driven by weak industrial pricing power.
- Morpholine production costs were influenced by global overcapacity and tight global ammonia availability in Q3 2025.
- Demand for Morpholine was supported by strengthened automotive demand and expanded industrial output, which grew 6.5% year-on-year in September 2025.
- The Morpholine Price Index declined due to -0.3% CPI year-on-year in September 2025, reflecting deflationary pressures.
- The Manufacturing Index was contracting in September 2025, indicating reduced industrial activity.
- Retail sales increased 3.0% year-on-year in September 2025, indirectly boosting demand for consumer-facing applications.
- Consumer confidence remained pessimistic at 89.6 in September 2025, suggesting reduced spending on end products.
- Overall chemical overcapacity from China contributed to tight margins and impacted global markets throughout Q3 2025.
Why did the price of Morpholine change in September 2025 in APAC?
- Falling PPI year-on-year by -2.3% in September 2025 indicated weak industrial pricing power.
- Overall chemical overcapacity from China created tight margins for producers in Q3 2025.
- The Manufacturing Index contracting in September 2025 signaled reduced industrial activity.
