For the Quarter Ending June 2026
Morpholine Prices in APAC
- In China, the Morpholine Price Index rose quarter-over-quarter in Q2 2026, driven by rising production costs and expanding industrial activity. The average Morpholine price for the quarter was approximately USD 2200/mt FOB China.
- Morpholine production costs increased in Q2 2026, influenced by a 4.1% PPI rise in June 2026 and elevated ammonia prices.
- Demand was supported by a 5.3% increase in industrial production in June 2026 and expanding manufacturing activity in Q2 2026.
- Weak consumer demand, indicated by a 1.0% CPI and 1.0% retail sales increase in June 2026, impacted some end-uses.
- Diethylene Glycol feedstock costs fluctuated in Q2 2026, rebounding due to upstream prices, while its inventory increased slightly.
- Diethanolamine experienced excess supply in Northeast Asia in June 2026, influenced by upstream ethylene oxide and ammonia costs.
- Trade flows faced geopolitical disruptions in Q2 2026, with normalization expected from June, affecting chemical exports.
- Global oil prices surged in Q2 2026, contributing to elevated input prices for the manufacturing sector during the period.
Why did the price of Morpholine change in June 2026 in APAC?
- Rising production costs, indicated by a 4.1% PPI increase in June 2026, exerted upward pressure on prices.
- Robust industrial production, which rose 5.3% in June 2026, supported demand for industrial applications.
- Elevated global oil prices in Q2 2026 and tight global ammonia supply contributed to higher feedstock costs.
Morpholine Prices in North America
- In the United States, the Morpholine Price Index rose quarter-over-quarter in Q2 2026, driven by significant increases in production costs.
- Diethylene Glycol feedstock costs experienced an increase in May 2026, while Ammonia prices in the USA rose during Q2 2026.
- Ethylene oxide feedstock moves transmitted upward cost pressure into Diethylene Glycol production costs in Q2 2026.
- Morpholine demand was supported by specialized performance needs and industrial upgrades during Q2 2026.
- Industrial production expanded modestly by 0.7% year-over-year in June 2026, mildly supporting Morpholine demand.
- Retail sales grew robustly by 6.9% year-over-year in May 2026, indicating strong consumer spending.
- The Producer Price Index increased by 5.5% year-over-year in June 2026, reflecting significant inflation at the producer level.
- Consumer Price Index rose 3.5% year-over-year in June 2026, indicating persistent inflation affecting consumer purchasing power.
Why did the price of Morpholine change in June 2026 in North America?
- Producer Price Index increased 5.5% year-over-year in June 2026, raising raw material and energy costs.
- Diethylene Glycol feedstock costs and Ammonia prices both rose significantly during Q2 2026.
- Robust retail sales growth of 6.9% in May 2026 supported demand, allowing for cost pass-through.
Morpholine Prices in Europe
- In Germany, the Morpholine Price Index rose quarter-over-quarter in Q2 2026, driven by elevated production costs.
- Morpholine production costs increased in Q2 2026, influenced by a 2.2% rise in producer prices in May 2026.
- Diethylene glycol prices, a key feedstock, saw an upward trajectory in Germany during Q2 2026 due to supply constraints.
- Ammonia prices in Europe, a significant production input, firmed in early 2026, impacted by tightening supply.
- Morpholine demand outlook was bearish in Q2 2026, as Germany's Manufacturing Index was contracting in June 2026.
- Industrial production remained unchanged at 0.0% in May 2026, indicating stagnant demand for Morpholine.
- Consumer confidence was negative at -14.6% in June 2026, dampening Morpholine demand in consumer-driven applications.
- High energy costs continued to burden the German economy in Q2 2026, impacting Morpholine production expenses.
- German passenger car exports declined in April 2026, affecting Morpholine demand in the automotive sector.
Why did the price of Morpholine change in June 2026 in Europe?
- Producer prices rose by 2.2% in May 2026, directly increasing Morpholine manufacturing costs.
- Diethylene glycol and ammonia feedstock prices increased in Q2 2026 due to supply constraints.
- Stagnant industrial production in May 2026 and contracting manufacturing activity in June 2026 limited demand.
For the Quarter Ending March 2026
Morpholine Prices in North America
- In United States, the Morpholine Price Index rose quarter-over-quarter in Q1 2026, driven by surging ammonia feedstock costs.
- The Morpholine Production Cost Trend increased in March 2026 as the Producer Price Index rose 4.0% year-over-year.
- The Consumer Price Index increased 3.3% year-over-year in March 2026, elevating transportation and petrochemical feedstock expenses.
- The Morpholine Demand Outlook strengthened for boiler water treatment as the Manufacturing Index expanded during March 2026.
- Industrial Production grew 0.7% year-over-year in March 2026, though utility sector declines reduced specific morpholine consumption.
- Retail sales increased 4.0% year-over-year in March 2026, sustaining baseline morpholine demand in consumer-facing wax applications.
- A stable 4.3% unemployment rate in March 2026 supported steady morpholine consumption in agricultural crop protection.
- The Morpholine Price Forecast remained bullish in March 2026 as consumer confidence reached 91.8, despite automotive headwinds.
Why did the price of Morpholine change in March 2026 in North America?
- Ammonia feedstock costs surged in February 2026 due to tight supply and intense global competition.
- Broader petrochemical production costs strengthened through March 2026 as upstream crude oil prices peaked significantly.
- Downstream demand for ammonia-based derivatives remained robust in February 2026 amid constrained global availability levels.
Morpholine Prices in APAC
- In China, the Morpholine Price Index rose quarter-over-quarter in Q1 2026, driven by surging diethylene glycol feedstock costs.
- The Morpholine Production Cost Trend increased significantly in March 2026 as the Producer Price Index rose 0.5%.
- The Morpholine Demand Outlook strengthened robustly in March 2026, supported by a 5.7% increase in industrial production.
- During March 2026, the Manufacturing Index expanded, which boosted Morpholine consumption within the strengthening automotive sector.
- In March 2026, retail sales grew 1.7% and consumer inflation rose 1.0%, reflecting stable downstream chemical consumption.
- During February 2026, consumer confidence hit 91.6, while March 2026 unemployment reached 5.4%, limiting discretionary consumer spending.
- The Morpholine Price Forecast shifted higher in Q1 2026 because diethylene glycol feedstock costs surged to multi-year highs.
- Domestic petrochemical inventories destocked steadily throughout Q1 2026 while diethylene glycol imports from the Middle East plummeted.
Why did the price of Morpholine change in March 2026 in APAC?
- Ammonia feedstock costs escalated across Asia during Q1 2026, driving up overall Morpholine production expenses.
- Diethylene glycol import volumes from the Middle East plummeted significantly during March 2026, tightening supply.
- Downstream demand for rubber processing chemicals strengthened steadily throughout Q1 2026, supporting higher market prices.
Morpholine Prices in Europe
- In Germany, the Morpholine Price Index rose quarter-over-quarter in Q1 2026, driven by surging costs.
- Consumer inflation reached 2.7% in March 2026, reflecting higher energy costs as natural gas surged.
- The Producer Price Index declined 0.2% in March 2026, but the Morpholine Production Cost Trend increased.
- Ammonia and diethylene glycol feedstock costs spiked significantly during March 2026, elevating overall production expenses.
- Industrial production stagnated at 0.0% in February 2026, while the Manufacturing Index expanded in March 2026.
- Retail sales grew 0.7% and unemployment hit 4.2% in February 2026, supporting baseline consumer demand.
- Consumer confidence dropped to -24.7 in March 2026, impacting the Morpholine Demand Outlook for automotive sectors.
- Automotive passenger car production weakened in January 2026 but strengthened during March 2026, altering consumption.
- Import volumes from the Middle East plummeted in March 2026, severely constraining regional availability and inventories.
- The Morpholine Price Forecast indicated upward pressure in March 2026 due to persistent supply chain disruptions.
Why did the price of Morpholine change in March 2026 in Europe?
- Ammonia and diethylene glycol feedstock costs surged sharply across the German market during March 2026.
- Middle East supply chain disruptions plummeted import volumes and constrained regional availability in March 2026.
- Natural gas prices surged in March 2026, significantly increasing utility expenses for energy-intensive chemical synthesis.
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.
