For the Quarter Ending December 2025
North America
• In the USA, the Nicotine Polacrilex Price Index rose by 3.35% quarter-over-quarter, driven by import cost pass-through largely.
• The average Nicotine Polacrilex price for the quarter was approximately USD 114033.33/MT, as inventories remained adequate and buyers cautious.
• Strong import availability kept the Nicotine Polacrilex Spot Price subdued, reflecting steady supply and measured procurement across channels.
• Nicotine Polacrilex Price Forecast indicates limited near-term upside while the Price Index currently remains constrained by ample landed volumes.
• Acrylic-resin feedstock stability and normalized freight moderated the Nicotine Polacrilex Production Cost Trend without creating acute supply pressure.
• Nicotine Polacrilex Demand Outlook is steady but plateauing as oral pouches divert consumption from traditional gum and lozenge.
• Elevated inventories and predictable procurement dampened the Nicotine Polacrilex Price Index, prompting exporters to offer competitive CFR terms.
• Indian and Swiss suppliers ran normal schedules, passing cost increases while US warehouses maintained around three weeks coverage.
Why did the price of Nicotine Polacrilex change in December 2025 in North America?
• Sustained imports from India and Switzerland increased availability, reducing immediate upward pressure on US offers.
• Moderate downstream demand and elevated inventories limited procurement urgency, tempering price momentum despite cost pass-through.
• Freight normalization and stable acrylic-resin costs constrained conversion expenses, leaving bearish pressure on December prices.
APAC
• In China, the Nicotine Polacrilex Price Index rose by 0.56% quarter-over-quarter, reflecting balanced import availability.
• The average Nicotine Polacrilex price for the quarter was approximately USD 108000.00/MT, reflecting quarter volumes.
• Nicotine Polacrilex Spot Price eased in December as the Price Index softened amid comfortable inventories.
• Nicotine Polacrilex Price Forecast indicates range-bound near term with potential firming if reimbursement expansions occur.
• Nicotine Polacrilex Production Cost Trend was stable; resin conversion margins and freight added minimal pressure.
• Nicotine Polacrilex Demand Outlook remains constructive owing to OTC reimbursements and pharmacy and clinical orders.
• Nicotine Polacrilex Price Index reflected subdued restocking, comfortable bonded inventories, and routine exporter shipping operations.
• Supply-side continuity at major suppliers kept arrivals steady, tempering volatility in the Nicotine Polacrilex market.
Why did the price of Nicotine Polacrilex change in December 2025 in APAC?
• Ample bonded inventories and steady imports reduced urgency, prompting buyers to delay spot purchases temporarily.
• Higher landed costs from expensive nicotine base and firmer freight in November pressured margins, pricing.
• Golden Week lull and postponed buying led exporters to offer discounts, causing December's price retreat.
Europe
• In Europe, the Nicotine Polacrilex Price Index remained largely steady, reflecting balanced import volumes and stable distributor inventories.
• The average Nicotine Polacrilex price for the quarter was approximately USD 110,200.00/MT, based on CFR Northwest Europe import assessments.
• Nicotine Polacrilex Spot Prices remained range-bound, as buyers maintained hand-to-mouth procurement amid comfortable warehouse stocks.
• The Nicotine Polacrilex Price Forecast indicates mild near-term firmness, contingent on renewed OTC reimbursement initiatives or clinical program expansions.
• Nicotine Polacrilex Production Cost Trend stayed neutral, as resin conversion margins and upstream nicotine feedstock costs were stable.
• Nicotine Polacrilex Demand Outlook remained constructive, supported by pharmacy procurement, OTC programs, and clinical orders.
• The Price Index reflected stable bonded inventory levels, measured importer restocking, and predictable shipping schedules, limiting volatility.
• Continuous supply from major European importers maintained arrivals, supporting stable pricing and preventing sharp fluctuations.
Why did the price of Nicotine Polacrilex change in December 2025 in Europe?
• Comfortable bonded inventories and steady imports reduced immediate buying urgency, softening spot pricing.
• Upstream feedstock costs were neutral, limiting cost-push support for prices.
• Measured distributor procurement and routine shipping flows maintained stability, preventing sharp month-on-month swings.
For the Quarter Ending September 2025
North America
• In USA, the Nicotine Polacrilex Price Index rose by 6.88% quarter-over-quarter, driven by replenishment buying.
• The average Nicotine Polacrilex price for the quarter was approximately USD 110333.33/MT, reported by import statistics.
• Inventory cushions from July limited spot activity, keeping Nicotine Polacrilex Spot Price movement subdued across importers.
• Exporters maintained offers while logistics remained stable, shaping the Nicotine Polacrilex Price Forecast as modestly firm.
• Stable feedstock and processing rates restrained any abrupt Nicotine Polacrilex Production Cost Trend escalation for the quarter.
• Downstream manufacturers exhibited cautious replenishment, which influenced the Nicotine Polacrilex Demand Outlook and limited procurement urgency.
• Balanced import availability and efficient ports supported inventory rotation, moderating the Nicotine Polacrilex Price Index volatility this quarter.
• Major suppliers prioritized allocation over aggressive discounting, sustaining orderly flows and measured upward pressure on prices.
Why did the price of Nicotine Polacrilex change in September 2025 in North America?
• Downstream restocking after July depletion increased procurement, tightening available allocated volumes and supporting import price increases.
• Stable logistics and steady exports transmitted overseas offer increases into CFR landing costs for U.S. buyers.
• Inventories remained moderate, prompting tactical buys rather than aggressive accumulation, moderating sharper price movements overall.
APAC
• In China, the Nicotine Polacrilex Price Index rose by 5.71% quarter-over-quarter, driven by export restocking.
• The average Nicotine Polacrilex price for the quarter was approximately USD 107400.00/MT, reflecting July firming.
• Nicotine Polacrilex Spot Price showed modest gains as exporters tightened offers and buyers replenished inventories.
• Short term Nicotine Polacrilex Price Forecast suggests mild volatility as procurement normalizes and inventories stabilize.
• Nicotine Polacrilex Production Cost Trend remained stable with no material feedstock or logistics inflation observed.
• Nicotine Polacrilex Demand Outlook remains steady driven by pharmaceutical NRT production, limiting speculative procurement activity.
• The Nicotine Polacrilex Price Index was tempered by comfortable domestic stocks and efficient Shanghai operations.
• Export momentum and restocking supported modest upward pressure while negotiations constrained sharper Nicotine Polacrilex increases and market balance.
Why did the price of Nicotine Polacrilex change in September 2025 in APAC?
• Tighter export offers and demand prompted Chinese buyers to accelerate purchases, pushing import costs higher.
• Domestic inventories remained comfortable after July restocking, reducing urgency and capping upward price pressure significantly.
• Stable inland logistics and restrained production cost inflation prevented cost-push, maintaining moderate firmness, limiting volatility.
Europe
• In Europe, the Nicotine Polacrilex Price Index rose by ~3.2% quarter over quarter, supported by improved export enquiries and replenishment buying from nicotine replacement therapy (NRT) manufacturers.
• The average Nicotine Polacrilex price for the quarter was approximately USD 110,500.00/MT (conservative estimate using export parity and regional quotations due to limited consolidated transaction data).
• Nicotine Polacrilex Spot Price showed modest gains as European buyers secured prompt volumes amid tighter export offers from Asia.
• Short term Nicotine Polacrilex Price Forecast suggests mild volatility with an upward bias as procurement normalizes ahead of Q4 production runs.
• Nicotine Polacrilex Production Cost Trend remained broadly stable, with feedstock and energy inputs showing no material inflation in the region.
• Nicotine Polacrilex Demand Outlook is steady, driven by pharmaceutical NRT production and some opportunistic restocking by distributors.
• Inventory levels were generally comfortable but uneven across markets; pockets of low distributor stocks tightened prompt availability in select hubs.
• Freight and currency notes: relatively stable freight rates and modest EUR/USD moves limited landed cost shocks, so price moves were driven mainly by demand timing and export tightness.
• Supply/logistics notes: reliable port throughput and inland logistics preserved supply continuity; selective prompt tightness came from stronger export flows rather than domestic disruption.
Why did the price of Nicotine Polacrilex change in September 2025 in Europe?
• Stronger export enquiries and restocking by NRT producers reduced available prompt volumes, supporting upward price moves.
• Comfortable but uneven inventories meant localized tightness in some distribution hubs, lifting spot bids while broader markets stayed balanced.
• Stable production costs and steady freight/currency conditions prevented cost push effects, so price changes primarily reflected procurement timing and export dynamics.
For the Quarter Ending June 2025
North America
• The Nicotine Polacrilex Spot Price in North America showcased a mixed sentiment in Q2 2025. April saw a sharp surge of 3.50% that stabilized into 0.49% growth in May and was followed by a marginal 0.29% decline in June which reflected a price recalibration across the quarter.
• The Price Index closed at USD 103,200/MT CFR Houston in June 2025 that was driven by sufficient downstream stockpiles and restrained demand from pharmaceutical and nicotine replacement therapy (NRT) sectors.
• In April, elevated global demand from NRT segments have prompted suppliers to raise offers aggressively. The buyers have accepted higher prices due to uninterrupted consumption and secure inventory cycles.
• May witnessed normalized procurement patterns as the Nicotine Polacrilex Demand Outlook balanced. Steady but unspectacular demand supported a mild price increase without speculative buying pressure.
• By June, bulk procurement from earlier months had satisfied most short-term needs. Both NRT and nutraceutical players reduced spot buying, keeping market volumes moderate and slightly bearish.
• The Nicotine Polacrilex Production Cost Trend remained steady through Q2 in North America. No disruptions were reported in raw material availability or import flows, supporting price stability from the supply side.
• Importers maintained balanced inventory positions, relying on prior strategic procurement. This further limited urgent restocking, reinforcing a demand-calibrated pricing posture.
• Why did the price change in July 2025?
The Nicotine Polacrilex Spot Price softened slightly as buyers paused fresh procurement due to fully stocked inventories, reducing spot market activity across pharmaceutical formulations.
• The Nicotine Polacrilex Price Forecast for early Q3 indicates marginal downside risk, with prices likely to remain under pressure due to overhang inventories and cautious procurement behaviour from downstream users.
Asia Pacific
• The Nicotine Polacrilex Spot Price in APAC experienced a strong surge of 3.62% in April, stabilization in May, and a marginal 0.20% decrease in June, reflecting a globally aligned price response pattern.
• The Price Index settled at USD 101,800/MT CFR Shanghai by June-end, marginally lower than May, as global price correction began to influence Chinese import sentiment.
• April’s increase was driven by higher export prices from producing regions and robust demand from Chinese NRT manufacturers and pharmaceutical units preparing for Q2 rollouts.
• In May, prices stabilized as the Nicotine Polacrilex Demand Outlook normalized with steady purchasing but no new demand triggers from downstream industries. Earlier restocking in April sustained most production needs.
• June’s dip reflected cautious restocking behaviour by importers amid softening international prices and sufficient inventory buffers within China’s pharmaceutical supply chain.
• The Nicotine Polacrilex Production Cost Trend in APAC remained neutral with no disruptions in raw material availability. Supply chains functioned seamlessly with continuous dispatches from Indian and European exporters.
• Domestic importers in China operated on conservative buying strategies during May and June, leveraging pre-built inventories and monitoring downstream consumption before committing to large contracts.
• Why did the price change in July 2025?
Prices likely corrected slightly as demand failed to pick up momentum in the absence of policy-driven NRT expansions or new product launches, and importers deferred major restocking efforts.
• The Nicotine Polacrilex Price Forecast suggests a stable to slightly bearish pricing pattern in early Q3, driven by controlled downstream demand and a preference for on-demand procurement over bulk purchases.
Europe
• The Nicotine Polacrilex Spot Price in Europe moved cautiously through Q2 2025, registering a modest 3.2% rise in April, plateauing in May, and closing with a 0.30% drop in June, mimicking global stabilization trends.
• The Price Index by end-June hovered around USD 104,000/MT CIF Rotterdam, influenced by steady yet unspectacular demand from pharmaceutical and wellness formulations.
• April’s gains were driven by importers attempting to front-load purchases amid global price increases, particularly in response to active NRT demand from U.S. and Asian markets.
• In May, demand normalization was observed. European buyers adopted a steady procurement rhythm, with inventories from April buffering supply risks.
• June showed signs of demand fatigue as bulk procurement created a temporary surplus. Spot trading activity slowed, contributing to slight downward correction in pricing.
• The Nicotine Polacrilex Production Cost Trend in Europe remained flat with stable CIF logistics and no material or fuel-based cost escalation in processing or imports.
• The Nicotine Polacrilex Demand Outlook remained consistent in Q2, driven by pharmaceutical and wellness products. However, the lack of significant public health campaigns or new NRT launches kept demand from spiking.
• Why did the price change in July 2025?
European Nicotine Polacrilex Spot Prices edged lower as distributors prioritized inventory liquidation and delayed Q3 procurement to avoid carrying cost pressure amid muted consumer offtake.
• The Nicotine Polacrilex Price Forecast points toward a flat-to-bearish trajectory for early Q3 in Europe, with prices likely staying range-bound amid restrained upstream pricing and cautious demand from formulators.
