For the Quarter Ending September 2025
North America
• In the United States, the Polycarboxylate Powder Superplasticizer Price Index rose quarter-over-quarter in Q3 2025, driven by increasing production costs.
• Polycarboxylate Powder Superplasticizer production costs strengthened in Q3 2025, influenced by rising input materials and energy prices.
• The Consumer Price Index increased 3.0% in September 2025, contributing to higher overall manufacturing expenses.
• Demand outlook was mixed; nonresidential construction declined in September 2025, and housing starts tumbled in August 2025.
• The Producer Price Index rose 2.6% in August 2025, indicating increased costs for chemical manufacturers.
• Chemical industry inventories shrank in Q3 2025 due to accelerating destocking, impacting supply.
• US natural gas prices showed an upward trend in Q3 2025, bolstering energy feedstock costs.
• Retail sales increased 5.42% year-over-year in September 2025, while industrial production grew only 0.1%.
• The unemployment rate was 4.3% in September 2025, but consumer confidence declined to 94.2, impacting demand.
Why did the price of Polycarboxylate Powder Superplasticizer change in September 2025 in North America?
• Rising production costs were driven by increased input materials and upward US natural gas prices.
• Nonresidential construction declined in September 2025, and consumer confidence fell, indicating weaker demand.
• Chemical industry inventories shrank in Q3 2025 due to accelerating destocking, influencing supply.
APAC
• In China, the Polycarboxylate Powder Superplasticizer Price Index fell quarter-over-quarter in Q3 2025, driven by weak industrial demand.
• The Polycarboxylate Powder Superplasticizer price forecast suggests continued stability to downward pressure from market oversupply.
• Production costs for Polycarboxylate Powder Superplasticizer softened in Q3 2025, as acrylic acid and maleic anhydride feedstock costs declined.
• Polycarboxylate Powder Superplasticizer demand outlook is mixed; public infrastructure spending expanded in Q3 2025.
• However, the residential construction sector faced persistent challenges in Q3 2025, dampening overall PCE demand.
• China's Manufacturing Index was contracting in September 2025, indicating reduced industrial activity impacting demand.
• Industrial production grew 6.5% year-over-year in September 2025, providing some underlying support for construction.
• Consumer confidence remained low at 89.6 index in September 2025, negatively affecting residential construction.
• Producer prices declined 2.3% year-over-year in September 2025, reflecting deflationary pressures on industrial goods.
Why did the price of Polycarboxylate Powder Superplasticizer change in September 2025 in APAC?
• Contracting Manufacturing Index in September 2025 indicated weak industrial demand, pressuring prices.
• Producer prices declined 2.3% year-over-year in September 2025, reflecting industrial deflation.
• Softening acrylic acid and maleic anhydride feedstock costs in Q3 2025 reduced production expenses.
Europe
• In Germany, the Polycarboxylate Powder Superplasticizer Price Index fell in Q3 2025, driven by contracting construction demand.
• Production costs were influenced by a -1.7% PPI YoY in September 2025, indicating lower industrial input costs.
• Demand for Polycarboxylate Powder Superplasticizer weakened as industrial production declined by 1.0% in September 2025.
• The Manufacturing Index for Germany was contracting in Q3 2025, signaling reduced overall industrial activity.
• Natural gas feedstock costs fluctuated, while wholesale electricity prices strengthened significantly in Q3 2025.
• Overall construction output in Germany contracted throughout Q3 2025, dampening Polycarboxylate Powder Superplasticizer demand.
• Rising inflation (2.4% CPI YoY Sep 2025) and a stable 6.3% unemployment rate suggested economic headwinds for construction.
• Polycarboxylate Powder Superplasticizer price forecast remains pressured by weak construction and industrial output trends.
Why did the price of Polycarboxylate Powder Superplasticizer change in September 2025 in Europe?
• Contracting German construction output and a 1.0% decline in industrial production in September 2025 reduced demand.
• Lower producer prices, with PPI YoY at -1.7% in September 2025, eased some production cost pressures.
• Higher wholesale electricity prices and accelerating input price inflation in Q3 2025 impacted costs.
