For the Quarter Ending September 2025
North America
• In the USA, the Oxalic Acid Price Index rose by 1.88% quarter-over-quarter, driven by construction demand.
• The average Oxalic Acid price for the quarter was approximately USD 505.33/MT, reflecting steady imports.
• Oxalic Acid Spot Price stayed pressured by destocking and ample imports, limiting immediate upward momentum.
• Oxalic Acid Price Forecast anticipates modest gains as seasonal restocking and shipping delays tighten supply.
• Oxalic Acid Production Cost Trend shows upward pressure from feedstock and freight, raising supplier offers.
• Oxalic Acid Demand Outlook remains constructive, supported by construction, metal finishing, and automotive sector consumption.
• Oxalic Acid Price Index was influenced by import timing, inventory swings across West Coast hubs.
• Limited domestic capacity maintained import reliance from China and Spain, constraining supply adjustments and flexibility.
Why did the price of Oxalic Acid change in September 2025 in North America?
• Import vulnerability to Asian shipping disruptions and tariff pressures reduced flows, tightening near-term available supply.
• Stronger construction and metal-finishing demand increased consumption, supporting firmer pricing despite manufacturing sector weakness locally.
• Rising feedstock and freight costs elevated production costs, prompting suppliers to lift offers, tighten spot availability.
APAC
• In China, the Oxalic Acid Price Index rose by 0.7% quarter-over-quarter in Q3 2025, supported by tight supply.
• The average Oxalic Acid price for the quarter was approximately USD 385.33/MT, reflecting constrained domestic supply supporting price firmness.
• Oxalic Acid Spot Price remained firm amid thin inventories and periodic maintenance shutdowns across major coal-based producers.
• Oxalic Acid Price Forecast anticipates modest volatility as weather disruptions and export arbitrage influence regional shipping and demand.
• Oxalic Acid Production Cost Trend shows upward pressure from higher utility and compliance costs under environmental mandates.
• Oxalic Acid Demand Outlook remains supportive due to machinery maintenance, rare-earth processing, and infrastructure refurbishment activity.
• Oxalic Acid Price Index strength was reinforced by constrained coal-route production and thin provincial inventory levels.
• Major producers faced inspections and maintenance, limiting output and causing intermittent supply tightness in domestic markets.
Why did the price of Oxalic Acid change in September 2025 in APAC?
• Domestic supply constraints from environmental inspections and maintenance reduced output, tightening spot availability and supporting prices.
• Utility and compliance cost increases elevated production costs, pressuring margins and contributing to modest upward price movements.
• Logistics disruptions from typhoons and cautious export arbitrage constrained shipments, creating regional tightness and demand concentration.
Europe
• In Germany, the Oxalic Acid Price Index rose by 2.7% quarter-over-quarter, supported by construction demand.
• The average Oxalic Acid price for the quarter was approximately USD 636.67/MT, reported FOB Hamburg.
• Oxalic Acid Spot Price softened mid-quarter as intra-EU shipments rose and traders conducted measured destocking.
• Oxalic Acid Price Forecast indicates modest upside into autumn if restocking accelerates with export demand.
• Oxalic Acid Production Cost Trend remains upward as energy and feedstock costs pressure manufacturing margins.
• Oxalic Acid Demand Outlook stays supportive, driven by construction, automotive, and metal treatment seasonal activities.
• Oxalic Acid Price Index reflected mild tightness as EU anti-dumping measures constrained third-country supply flows.
• German Oxalic Acid producers maintained operating rates while inventories remained sufficient, limiting acute short-term volatility.
Why did the price of Oxalic Acid change in September 2025 in Europe?
• Tight intra-EU supply and anti-dumping duties increased landed costs, reducing import optionality and supporting prices.
• Rising energy and feedstock costs elevated production expenses, reflecting Oxalic Acid Production Cost Trend pressure.
• Logistics constraints and seasonal restocking increased buying interest, tightening availability, lifting the Oxalic Acid Spot Price.
South America
• In Brazil, the Oxalic Acid Price Index rose by 2.07% quarter-over-quarter, driven by import pressures.
• The average Oxalic Acid price for the quarter was approximately USD 525.00/MT based on CFR.
• Local Oxalic Acid Spot Price reflected freight and currency-driven landed cost increases, tightening supplier offers.
• Oxalic Acid Price Forecast anticipates oscillations as import dependency meets steady construction and industrial demand.
• Rising feedstock and freight pushed Oxalic Acid Production Cost Trend higher, pressuring margins for distributors.
• Oxalic Acid Demand Outlook remains constructive for construction, leather sectors, supporting supplier offers and purchasing.
• Inventory levels influenced the Oxalic Acid Price Index direction, with distributors balancing availability against demand carefully.
• Export demand volatility and shipping schedules caused supply adjustments affecting the Oxalic Acid Spot Price and traders.
Why did the price of Oxalic Acid change in September 2025 in South America?
• Import reliance and freight inflation raised landed costs, exerting upward pressure on Oxalic Acid prices.
• Stronger construction and leather sector activity increased offtake, tightening availability, and supporting a higher Price Index.
• Currency depreciation against import origins amplified landed costs, while shipping schedule disruptions interrupted supply flows.
For the Quarter Ending June 2025
North America
• The US oxalic acid price index presented an irregular trend for Q2 2025 relative to June, upending the previous downtrend.
• The oxalic acid spot price increased as infrastructure investments underpinned consumption in surface cleaning and rust removal.
• The q2 price hike was due to increased residential and infrastructure building, heightened use of oxalic acid in EV battery manufacturing, and ongoing supply disruptions from Chinese import tariffs.
• The oxalic acid demand outlook improved, spurred by increasing demand from water treatment, textiles, and the EV supply chain.
• The oxalic acid production cost trend exhibited moderate inflation because of increasing feedstock prices (nitric acid and sugar derivatives), uncertain shipping costs, and regulatory charges for chemicals imports.
• Domestic production remained limited; reliance on imports from China and India continued, keeping the market sensitive to external shocks.
Asia-Pacific
• The Oxalic Acid Price Index in China dipped slightly in Q2 2025, supported by tight supply and better industrial demand from construction and metal-treatment sectors.
• The Oxalic Acid Spot Price was assessed near USD 385–390/MT, rising slightly from June due to low inventories and robust demand in excavation and steel surface cleaning.
• The Q2 price increase was driven by continued growth in civil construction, machinery servicing, and environmental restrictions curbing coal-based chemical output.
• The Oxalic Acid Production Cost Trend moved upward due to stricter environmental controls, high electricity tariffs, and compliance-related costs in provinces like Henan.
• The Oxalic Acid Demand Outlook remained firm, underpinned by government-backed infrastructure projects and steady chemical sector expansion.
Europe
• In Q2 2025, the Oxalic Acid Price Index in Europe stabilized after prior volatility, with Oxalic Acid Spot Prices hovering between USD 620–640/MT FD NWE.
• The market witnessed no major price change as balanced demand offset minor cost increases, keeping prices within historical norms.
• Price movement remained flat due to the tepid industrial demand recovery in textiles and water treatment, with steady imports from Asia and moderating energy input costs.
• The Oxalic Acid Demand Outlook remained cautious, as the Eurozone’s industrial sector stayed under pressure from weak construction and manufacturing activity.
• The Oxalic Acid Production Cost Trend stayed range-bound, shaped by LNG prices and localized carbon emission charges.
• Imports from China and India kept regional availability in check, while local producers operated at moderate capacity under margin pressure.
South America
• The Oxalic Acid Price Index in Brazil increased by approximately 3.8% in Q2 2025, reversing the earlier downtrend seen in April–May.
• The price increase was driven by firm domestic demand, ongoing global supply challenges, and trade restrictions affecting imports.
• The Oxalic Acid Spot Price remained elevated as buyers contended with freight cost inflation and currency depreciation.
• The Oxalic Acid Production Cost Trend rose due to higher feedstock prices (nitric acid, sugar derivatives) and utility cost inflation.
• The Oxalic Acid Demand Outlook stayed strong, especially from construction, metal cleaning, and water treatment sectors, supported by government infrastructure programs.
• Brazil remained a net importer, relying on China and India, with no significant domestic capacity expansions reported.
• Urban development in São Paulo, Rio de Janeiro, and Brasília drove consumption of industrial-grade oxalic acid for metal treatment.
• Demand from textile, pharmaceutical, and battery industries remained supportive, though construction-led applications dominated Q2's demand.
• The Oxalic Acid Price Forecast for Q3 2025 suggested continued moderate growth, contingent on ongoing construction momentum and limited import capacity.
For the Quarter Ending March 2025
North America
In Q1 2025, the oxalic acid market in the U.S. experienced a mixed price trend, with notable fluctuations driven by changing demand and supply dynamics.
Early in the quarter, prices saw an increase due to strong demand from key sectors such as leather tanning, textiles, and metal cleaning, supported by favorable supply conditions. However, as the quarter progressed, prices softened, with a 1.6% decline in March, attributed to weakening demand, particularly in the textile and leather industries, amid rising operational costs. The metal sector showed stable but slowing demand, while the aluminum processing industry saw reduced oxalic acid consumption due to tariff impacts.
Despite these challenges, oxalic acid prices were bolstered by stable raw material costs and controlled production levels. The supply side was impacted by logistical challenges and import constraints from China, but improved freight conditions and easing production costs in March provided some relief. Overall, the market outlook remains cautious, with demand uncertainties and trade policy shifts influencing price movements throughout the quarter.
APAC
In Q1 2025, the oxalic acid market in the APAC region, experienced fluctuating price trends, with notable price increases in January followed by a decline in March. Early in the quarter, strong demand across key sectors like leather tanning, textiles, and metal cleaning, coupled with stable production dynamics, supported a positive market outlook. However, by March, prices dropped by 7.1%, driven by weakening demand and an unfavorable supply-demand balance. The textile and leather industries faced reduced demand due to a decline in exports, while the metal cleaning sector remained stable despite external trade pressures, including rising U.S. tariffs. Supply disruptions, including environmental regulations and logistical challenges, further compounded market instability. Despite these challenges, alternative suppliers, such as India and Germany, capitalized on shifts in trade flows, benefiting from growing export opportunities as buyers sought alternatives to domestic supply. Overall, the market outlook for oxalic acid in the APAC region was mixed, with a strong start to the quarter followed by a slowdown in demand and reduced market stability by March.
Europe
In Q1 2025, the European oxalic acid market experienced a mixed price trend driven by diverse supply and demand dynamics. Early in the quarter, prices rose due to robust demand, particularly in the leather tanning, textile, and specialty chemical sectors, with Europe continuing to play a significant role in the global market. However, prices surged in Germany by 2.1% in February, despite logistical disruptions and rising production costs. In contrast, by March 2025, prices saw a significant decline of 6.8%, primarily due to weakening demand in key industries such as metal cleaning, textiles, and leather processing. The slowdown in European industrial activity, compounded by stricter sustainability regulations and reduced export activity, exerted downward pressure on oxalic acid prices. Despite some resilience in production, the market outlook became more cautious as economic headwinds, including tightening energy regulations and fluctuating raw material costs, overshadowed short-term growth prospects. Overall, while stable raw material costs helped sustain some demand, the regional market faced challenges that tempered its optimistic start to the year.
For the Quarter Ending December 2024
North America
In Q4 2024, Oxalic Acid prices in the U.S. market continued to decline, primarily due to weak demand from sectors like construction, metals, and leather tanning. The U.S. heavily relied on imports from Asian and European markets, including China, Taiwan, and India, which influenced overall price dynamics. Despite the decline, signs of market stabilization emerged by the end of the quarter, with producers and end-users cautiously optimistic about the outlook.
Manufacturing activity in the U.S. contracted in December, though at a slower pace compared to November. Despite some recovery signs, production levels remained stable, and raw material costs were lower due to falling crude oil prices. These factors contributed to lower production costs for Oxalic Acid.
Demand from industries such as textiles and refrigerants continued to soften, which further impacted the pricing trend. Analysts predicted that Oxalic Acid prices would remain stable, supported by steady raw material costs and controlled production levels. However, the market remained cautious, with a "wait and watch" approach prevailing among manufacturers and traders as the year ended.
APAC
In Q4 2024, Oxalic Acid prices in the APAC region, particularly in China, saw a decline due to a balance between supply and demand. The need for large-scale developments decreased, driven by stabilizing or declining populations in developed regions, which contributed to weaker demand. As one of the major exporters, the Asian market continued to play a key role in shaping Oxalic Acid market dynamics. The demand from industries such as aluminum production, refrigerants, and specialty chemicals remained low, further impacting the market.
Manufacturing activity faced challenges due to a subdued demand outlook both domestically and internationally. Despite efforts to integrate automation and digital technologies, the mainland’s leading port operator struggled with rising operational costs. Additionally, the rebound in crude oil prices put upward pressure on Oxalic Acid prices, although feedstock markets, particularly for Formic Acid, showed signs of recovery, fostering a more optimistic sentiment.
Demand from sectors like construction remained weak, and although business activity in construction showed slight improvement, the overall market outlook remained cautious. Analysts predicted that Oxalic Acid prices would remain stable, supported by steady raw material costs and controlled production levels.
Europe
In Q4 2024, the Oxalic Acid market in Europe, particularly in Germany, experienced a downward trend, with prices showing modest declines in October. This shift was attributed to a cautious sentiment among both producers and end-users, reflecting a subdued outlook for the commodity. As a key consumer and exporter, Germany continued to influence the market, but demand from industries such as aluminum production, refrigerants, and specialty chemicals remained moderate. Sufficient inventory levels and weaker demand contributed to market stabilization under softer conditions.
Manufacturing activity in the region faced challenges, particularly with slowed production due to reduced consumption and a weak demand outlook. Port operations had mostly returned to normal after congestion issues, although minor delays occurred during the holiday period. The drop in crude oil prices further pressured Oxalic Acid prices, making it a more competitive option in the market.
Despite these challenges, analysts predicted that Oxalic Acid prices would remain stable, supported by consistent raw material costs and controlled production levels. However, demand from industries like leather and textiles continued to decline, contributing to the overall downward pricing trend.
South America
In Q4 2024, Oxalic Acid prices in the South American market experienced a continued decline, largely due to sluggish demand from key sectors like construction, metals, and leather tanning. The region remained reliant on imports from major suppliers in Asia and Europe, such as China, Taiwan, and India, which impacted the overall price trend. However, toward the end of the quarter, signs of market stabilization began to appear, with producers and end-users expressing cautious optimism for the future.
Manufacturing activity in South America showed a slowdown in December, although at a more moderate rate compared to November. Despite some positive indications, production levels remained steady, and lower crude oil prices helped reduce raw material costs. This contributed to a decrease in production expenses for Oxalic Acid.
Demand from industries like textiles and refrigerants continued to weaken, further affecting price dynamics. Analysts anticipated that Oxalic Acid prices would stabilize, supported by steady raw material costs and consistent production levels. However, the market remained hesitant, with manufacturers and traders adopting a "wait and see" approach as the year drew to a close.
