For the Quarter Ending December 2025
North America
• In USA, the Petroleum Resin Price Index fell by 3.39% quarter-over-quarter, reflecting broadly weak demand.
• The average Petroleum Resin price for the quarter was approximately USD 1226.67/MT, reported by U.S. distributors.
• U.S. Petroleum Resin Spot Price remained pressured as imports and destocking increased prompt availability significantly.
• Analysts' Petroleum Resin Price Forecast indicates modest recovery as seasonal restocking supports spring demand ahead.
• Petroleum Resin Production Cost Trend eased with lower crude feedstock, cushioning margins despite weak downstream consumption.
• Petroleum Resin Demand Outlook stays muted with construction headwinds offsetting automotive and packaging sector resilience across December.
• The Petroleum Resin Price Index showed volatility as balanced supply and restrained demand maintained range-bound pricing.
• Inventory accumulation and stable import flows limited upside, while logistical frictions supported localized firmer spot interest.
Why did the price of Petroleum Resin change in December 2025 in North America?
• Stable import flows plus discounted Chinese offers kept supply ample, weighing on price Index movement.
• Lower crude feedstock reduced production cost pressures, supporting margins but not stimulating substantial procurement activity.
• Seasonal construction slowdown and holiday destocking tempered demand, while logistics frictions constrained prompt availability significantly.
APAC
• In China, the Petroleum Resin Price Index fell by 0.84% quarter-over-quarter, reflecting abundant supply conditions.
• The average Petroleum Resin price for the quarter was approximately USD 1380.00/MT, reflecting QoQ decline.
• Prompt inventories pressured Petroleum Resin Spot Price while steady plant runs maintained consistent domestic output.
• The Petroleum Resin Price Forecast anticipates stabilization as Petroleum Resin Production Cost Trend eases modestly.
• The Petroleum Resin Demand Outlook: subdued, automotive support limited, construction weakness weighing on Price Index.
• Elevated inventories and steady output pressured domestic offers, while selective export demand absorbed surplus volumes.
• Producers maintained cautious operating rates despite easing costs, reducing spot liquidity and muting price rallies.
• Weak derivative demand from coatings and adhesives constrained offtake, weighing on near-term domestic price momentum.
Why did the price of Petroleum Resin change in December 2025 in APAC?
• Stable production and high inventories increased supply availability, limiting upward monthly price momentum during December.
• Declining crude reduced feedstock costs, improving margins and supporting production despite weak external demand constraints.
• Cautious buyer procurement ahead of holidays and soft export markets reduced purchases, dampening price recovery.
Europe
• In key European markets, the Petroleum Resin Price Index showed a moderate quarter-over-quarter increase in Q4 2025, supported by seasonal upticks in adhesives, coatings, and packaging applications.
• The average quarter pricing held firm with Petroleum Resin Spot Price quotations reflecting increased restocking by converters in adhesives, sealants, and printing inks ahead of year-end procurement cycles.
• Petroleum Resin Price Forecast for early 2026 points to mild upward pressure on pricing driven by anticipated restocking in hot-melt adhesives and printing inks segments, coupled with tighter inventories after sustained Q4 offtake.
• Petroleum Resin Production Cost Trend remained stable through Q4 2025 as feedstock costs for C5 and C9 hydrocarbon fractions experienced minimal volatility, enabling producers to manage margins without sharp cost spikes.
• Petroleum Resin Demand Outlook in Europe was constructive, with steady consumption in adhesives, rubber compounding, paints, and construction materials, while packaging and automotive segments supported incremental demand.
• Regulatory and sustainability trends — especially low-VOC and high-performance resin formulations demanded by EU packaging and coatings standards — underpinned healthier pricing dynamics despite broader macro caution.
Why did the price of Petroleum resin change in December 2025 in Europe?
• The Petroleum Resin Price Index increased in December 2025 largely due to seasonal restocking by adhesive, packaging, and paint manufacturers, which boosted demand ahead of holiday season procurement cycles.
• Limited spot availability combined with supply constraints from logistical challenges supported the firmness in Petroleum resin Spot Price.
• Elevated demand for specialty and low-VOC resin grades, particularly in packaging and construction sectors, reinforced buying urgency and supported a modest upward movement in the Price Index, even as overall market supply remained balanced.
For the Quarter Ending September 2025
North America
• In USA, the Petroleum Resin Price Index fell by 2.06% quarter-over-quarter, pressured by weak construction demand and competitive imports.
• The average Petroleum Resin price for the quarter was approximately USD 1570.33/MT, reflecting elevated landed costs and mixed demand.
• Petroleum Resin Spot Price softened through August, supporting a lower Price Index amid abundant import arrivals and discounts.
• Petroleum Resin Price Forecast for Q4 indicates mild recovery, conditional on restocking and tighter export availability from Asia.
• Petroleum Resin Production Cost Trend edged higher due to rising crude-linked feedstock costs and seasonal freight pressure.
• Petroleum Resin Demand Outlook remains mixed with construction weakness offset by modest automotive and specialty resin sector gains.
• Petroleum Resin Price Index volatility reflected inventory build in Q2 and forward buying ahead of tariff review.
• Importers reported steady CFR Savannah flows, keeping availability adequate while limiting upside for immediate price gains.
Why did the price of Petroleum Resin change in September 2025 in North America?
• Elevated import offers from Asian suppliers and higher crude-driven feedstock costs increased landed costs, pressuring prices.
• Soft construction demand and cautious downstream procurement reduced offtake, amplifying downward pressure on domestic prices.
• Improved freight economics and steady import arrivals expanded supply, enabling sellers to offer competitive discounts.
APAC
• In China, the Petroleum Resin Price Index fell by 1.86% quarter-over-quarter, pressured by softer demand.
• The average Petroleum Resin price for the quarter was approximately USD 1091/MT, FOB Qingdao reported.
• Domestic Petroleum Resin Spot Price softened amid abundant inventories, restraining seller leverage despite export interest.
• Analysts' Petroleum Resin Price Forecast shows modest upside risk from monsoon disruption and restocking demand.
• C5 and C9 feedstock movements pushed the Petroleum Resin Production Cost Trend, squeezing producers' margins.
• The Petroleum Resin Demand Outlook remains mixed, stronger in adhesives, coatings but weak in rubber.
• Port congestion and typhoon risks affected the Petroleum Resin Price Index volatility, increasing logistical premia.
• Operating rates and export flows determine short-term pricing, with producers adjusting offers to match actual offtake.
Why did the price of Petroleum Resin change in September 2025 in APAC?
• Ample domestic supply and steady production levels increased availability, exerting downward pressure on market prices.
• Lower crude derived C5 and C9 feedstock costs reduced production expenses, limiting seller willingness to raise offers.
• Logistics delays and seasonal demand softness reduced immediate uptake, while export interest partially absorbed surplus volumes.
Europe
• In Europe, the Petroleum Resin Price Index increased quarter-over-quarter in Q3 2025, supported by seasonal demand from adhesives, sealants, and road marking paints.
• Petroleum Resin Spot Price movements remained firm, with converters restocking ahead of Q4 and packaging manufacturers increasing procurement volumes.
• The Petroleum Resin Price Forecast for Q4 2025 signals mild upward pressure, especially in hot-melt adhesive and printing ink segments, driven by holiday season demand and tighter inventories.
• The Petroleum Resin Production Cost Trend remained stable, with feedstock prices for C5 and C9 fractions showing minimal volatility. Refining margins and energy costs were largely predictable across European facilities.
• The Petroleum Resin Demand Outlook remains constructive, with steady consumption in adhesives, rubber compounding, paints, printing inks, and construction materials. Packaging and automotive sectors are expected to support Q4 demand.
• The Petroleum Resin Price Index reflects seasonal procurement cycles and inventory normalization across European distributors, particularly in the adhesives and coatings industries.
• Inventory levels across Western Europe remained balanced, supporting disciplined pricing, and preventing bulk-buying spikes.
• Regulatory compliance and sustainability initiatives in packaging and construction sectors continue to favor petroleum resin formulations with low VOC and enhanced performance.
Why did the price of Petroleum Resin change in September 2025 in Europe?
• Seasonal restocking by adhesive and packaging manufacturers ahead of Q4 boosted demand, lifting the Petroleum Resin Price Index.
• Supply tightened slightly due to scheduled maintenance at key refining units, reducing spot availability, and supporting price firmness.
• Feedstock costs for C5 and C9 hydrocarbons remained stable, but increased freight and packaging costs contributed to the September price uptick.
For the Quarter Ending June 2025
North America
• The Petroleum Resin Price Index in North America declined by 1.9% quarter-over-quarter in Q2 2025, primarily due to sluggish demand from downstream sectors, stable production operations, and easing logistical bottlenecks.
• Consumption from adhesives and coatings sectors remained weak through Q2, with converters adopting cautious procurement due to slow housing starts, tight credit, and limited industrial activity. A short-lived uptick in June demand tied to infrastructure-related restocking was insufficient to alter the overall softness.
• On the supply side, import volumes from Asia fluctuated amid regional trade uncertainties, but overall resin availability stayed stable. Local inventory levels remained adequate throughout the quarter, discouraging aggressive spot buying.
• In essence, Q2 pricing weakness stemmed from a demand-constrained market, with brief late-quarter restocking unable to offset broader downstream inertia.
Why did the price of Petroleum Resin change in July 2025 in North America?
• In July 2025, the Petroleum Resin Price Index in North America fell from June, reflecting a return to broader Q2 softness after the brief June uplift.
• The downtrend was driven by reduced seasonal offtake from adhesives and construction segments, with logistical normalization improving resin availability from Asia.
• Demand cooled further as mid-year project completions wrapped up and no major procurement drivers emerged in coatings or packaging applications.
• Overall, the July decline marked a correction following temporary restocking-led support, reaffirming the weak demand environment prevailing in the region.
Europe
• Petroleum resin prices in Europe continued to decline through Q2 2025, driven by weak downstream demand and steady supply conditions across the region.
• Consumption from adhesives, automotive coatings, and printing inks remained sluggish as high interest rates, stagnant construction output, and industrial headwinds dampened end-user activity. A brief uptick in early June tied to inventory restocking failed to provide lasting price support.
• Regional supply remained stable, supported by consistent domestic production and uninterrupted import flows from Asia and the Middle East. Producers operated at moderate rates, and there were no major feedstock or operational disruptions.
• Overall, Q2 pricing weakness stemmed from soft macroeconomic conditions and cautious buying behaviour, with limited momentum even during seasonal restocking periods.
Why did the price of Petroleum Resin change in July 2025 in Europe?
• In July 2025, petroleum resin prices in Europe declined further, extending the softness seen in Q2 amid persistent demand headwinds and logistical constraints.
• End-use consumption weakened due to the summer holiday slowdown, particularly in adhesives, packaging, and industrial segments, while no major recovery emerged in automotive or coatings demand.
• Although production levels remained stable, logistics disruptions—especially in road freight and inland container movements—continued to affect scheduling and inventory turnover.
• The July downtrend underscored ongoing structural demand weakness and supply-chain inefficiencies, reinforcing bearish sentiment across the European resin market.
APAC
• The Petroleum Resin Price Index in APAC declined by 1.6% quarter-over-quarter in Q2 2025, as bearish market sentiment persisted amid weak downstream demand and consistent supply.
• Demand from adhesives, coatings, and rubber sectors remained muted across April and May, with converters exercising caution due to oversupply, high inventories, and slow construction activity. A marginal improvement was observed in June, driven by moderate gains in infrastructure applications and industrial adhesives.
• Supply remained abundant throughout the quarter as producers maintained stable operating rates, supported by declining feedstock costs and steady refinery-linked production. Inventory levels remained elevated despite minor production cuts and logistical slowdowns in late Q2.
• Raw material prices—particularly cracking C9—fell in April and May, reducing cost support for resin pricing. Rising crude values in June added slight upward pressure, but gains were limited by only modest demand recovery.
• Overall, Q2 prices softened due to persistent market oversupply and subdued downstream activity, with only a marginal late-quarter uptick insufficient to alter the broader downward trend.
Why did the price of Petroleum Resin change in July 2025 in Asia?
• In July 2025, petroleum resin prices in the APAC region fell compared to June, reflecting a return to oversupply-driven pressure after a brief stabilization in late Q2.
• Demand weakened again as seasonal construction activity tapered and industrial usage remained inconsistent, particularly in rubber and tire segments.
• Supply availability remained high, with most producers continuing normal output levels despite slow-moving inventories and limited restocking interest.
• The July decline highlighted the structural imbalance between stable production and insufficient end-use demand, reinforcing market weakness amid limited price support from cost or consumption drivers.
For the Quarter Ending March 2025
North America
In Q1 2025, Petroleum Resin prices in the North American region recorded a quarter-on-quarter decline compared to Q4 2024. At the beginning of the quarter, petroleum resin prices in North America rose, supported by elevated import costs from Asia and supply-side constraints. Federal infrastructure projects in energy and data centres stimulated demand in construction adhesives and coatings, while improved automotive offtake also contributed to the upward movement.
As the quarter progressed, prices began to soften amid easing supply concerns. Chinese producers ramped up output post-holidays, and freight rates fell sharply, enhancing resin availability. While end-user demand showed resilience, especially in construction, oversupplied inventories and cautious purchasing behaviour capped further gains. Buyers adopted a wait-and-see approach amid economic and policy uncertainties.
By quarter-end, prices continued their downward trend as sluggish demand outpaced any supply risk. Despite stable output and cost relief from falling freight, muted downstream activity — especially in adhesives and coatings — drove the overall QoQ price decline. The U.S. witnessed the most significant change with a noticeable drop compared to Q4 2024, with the quarter-end price settling at USD 1290/MT CFR Savannah, reflecting cautious sentiment, and restrained buying interest.
APAC
In Q1 2025, Petroleum Resin prices in the APAC region recorded a quarter-on-quarter incline of 4.4% compared to Q4 2024. At the start of the quarter, petroleum resin prices in the APAC region surged, supported by tightened supply and rising production costs amid climbing crude oil prices. Pre-Lunar New Year shutdowns among manufacturers reduced operational capacity, while downstream buyers actively stockpiled resin to secure supply. Global interest, particularly from U.S. importers preparing for possible tariffs on Chinese goods, added pressure to demand, fuelling the initial upward trend. As the quarter progressed, the market stabilized as production resumed post-holiday and supply levels normalized. Easing crude oil prices helped mitigate input costs, leading to steady pricing. Demand from construction remained firm, offering a cushion to overall offtake, though the automotive sector showed signs of weakness. By the end of the quarter, prices softened slightly, despite stable supply and modest recovery in downstream activity, especially in coatings and construction. The quarter concluded higher overall due to the strong early-quarter rally, cementing a QoQ price increase with the quarter-end price settling at USD 1150/MT FOB Qingdao.
Europe
Petroleum resin prices in Europe declined in Q1 2025 compared to Q4 2024, driven by weak downstream demand, shifting crude oil dynamics, and mounting global trade tensions. Early in the quarter, crude oil prices saw a brief uptick, raising feedstock costs. However, this failed to support resin pricing as construction activity remained limited due to inflationary pressures and high material costs. Automotive demand also stayed subdued, constrained by economic uncertainty and concerns over possible U.S. tariffs targeting German exports. Mid-quarter, falling crude oil prices eased upstream cost pressures, but downstream recovery remained elusive. Construction delays continued, and automakers scaled back production in response to lacklustre sales. Escalating U.S.-EU trade friction, particularly proposed tariffs on industrial goods, prompted exporters to reroute shipments toward domestic and regional markets, exacerbating supply surpluses within the EU. By quarter-end, crude prices declined further and trade policy uncertainty and redirected exports from global to European markets intensified oversupply, weighing heavily on prices. Germany, as the region’s largest market, faced persistent consumption softness and limited industrial activity. The quarter-on-quarter price drop reflected a broader imbalance shaped by tepid demand, cost-side relief, and trade-driven disruptions.
