For the Quarter Ending June 2025
North America
• The Polyphenylene Sulfide (PPS) Price Index in the U.S. market was modest and steady in Q2 2025, with very little price change observed among the major delivery bases like EX-Midwest and FOB Gulf Coast.
• Engineered plastics had their base demand from the automotive and electronics sectors, but buying remained at a cautious level, with buyers adjusting their procurement to ensure they were not overspending on re-stocks.
• Why did the price of Polyphenylene Sulfide (PPS) change in July 2025? The PPS Price Index in the U.S. remained largely unchanged, as excess inventories and flat automotive output kept spot market activity subdued. No notable July-specific upward triggers were reported.
• Domestic logistics remained steady with minimal freight disruptions, though international container space tightness was intermittently noted.
• The Polyphenylene Sulfide (PPS) Demand Outlook for Q3 remains neutral, with only mild recovery signs expected due to constrained capital expenditure in the auto sector and mixed signals from EV manufacturing.
• The Polyphenylene Sulfide (PPS) Production Cost Trend in North America stayed stable in Q2, with no major raw material shocks; however, competitive overseas imports continued to put margin pressure on domestic converters.
• Polyphenylene Sulfide (PPS) Spot Price remained flat, reflecting limited transaction volume and strategic inventory management by buyers.
• Polyphenylene Sulfide (PPS) Price Forecast for Q3 2025 indicates continued price stagnation unless stronger OEM pull-through or import disruptions arise.
Europe (Germany)
• The Polyphenylene Sulfide (PPS) Price Index (FOB Hamburg) fell by 1.12% in June 2025, ending the quarter at USD 8800/tonne, following a muted May and stable April.
• Subdued automotive production in Germany and neighboring markets, compounded by inflationary drag and limited capital deployment by Tier-1 suppliers, pressured demand.
• Why did the price of Polyphenylene Sulfide (PPS) change in July 2025? July extended the bearish sentiment from June. The Price Index weakened due to elevated stock levels, lower spot inquiries, and persistent bottlenecks at North Sea ports, especially Hamburg, which impaired export readiness.
• German port congestion continued in July, driven by customs delays and vessel bunching, further straining PPS exporters’ timelines.
• The Polyphenylene Sulfide (PPS) Demand Outlook for Q3 shows mixed prospects: while global EV production supports high-spec PPS offtake, European economic deceleration may weigh on conventional applications.
• The Polyphenylene Sulfide (PPS) Production Cost Trend remained flat, as raw material costs (notably aromatic derivatives) were stable. However, inefficiencies due to extended warehouse stays raised holding costs for some suppliers.
• Automotive OEMs increased plug-in hybrid and EV registrations by over 60% YoY, lending structural support to PPS used in insulation, connectors, and under-the-hood components.
• Polyphenylene Sulfide (PPS) Price Forecast for Q3 in Germany is cautiously steady, with limited upside due to demand headwinds but downside support from stable cost conditions.
Asia Pacific (South Korea)
• South Korea’s Polyphenylene Sulfide (PPS) Price Index (FOB Busan) rose 0.40% in both May and June 2025, settling at USD 5040/tonne, after a sharp 3.10% decline in April.
• Export demand from India and Southeast Asia (Thailand, Vietnam) remained strong, particularly for PPS used in EV thermal systems and hybrid powertrain insulation.
• Why did the price of Polyphenylene Sulfide (PPS) change in July 2025? PPS prices in July showed stability, supported by resilient overseas orders, despite slower domestic manufacturing activity and freight delays at Busan port.
• Port congestion at BNCT (Busan) remained moderate, with wait times of 48–72 hours. While not pricing into FOB directly, these logistical issues caused scheduling inefficiencies.
• The Polyphenylene Sulfide (PPS) Demand Outlook for Q3 is cautiously positive, especially from India’s rising EV ecosystem and Thai NEV production capacity expansions.
• The Polyphenylene Sulfide (PPS) Production Cost Trend remained balanced, with no feedstock shocks, but vessel delays did marginally increase operational friction.
• Polyphenylene Sulfide (PPS) Spot Price stability was driven by consistent international demand, even as domestic sales were challenged by contraction in South Korea’s manufacturing index (47.7 in May).
• Polyphenylene Sulfide (PPS) Price Forecast for Q3 2025 signals a stable-to-firm tone, contingent on continued strength from ASEAN and Indian downstream sectors.
For the Quarter Ending March 2025
North America
In Q1 2025, the U.S. Polyphenylene Sulfide (PPS) market experienced continued price growth, driven by robust demand from the automotive and electronics sectors. Building on the momentum of Q4 2024, the expanding electric vehicle (EV) industry played a key role in supporting higher PPS consumption. PPS remained a preferred material for EV components due to its exceptional thermal resistance, lightweight properties, and durability—critical for battery housings, connectors, and thermal management systems.
The automotive industry's recovery, coupled with a projected 30% rise in global EV sales in 2025, further bolstered PPS demand. Additionally, the electronics sector maintained stable uptake, supported by increasing adoption of automotive electronics such as ADAS, infotainment, and connectivity modules. These applications rely heavily on high-performance polymers like PPS for miniaturization and long-term reliability.
Despite minor supply chain disruptions and rising input costs, the U.S. market benefited from a strong domestic manufacturing base and efficient logistics networks, which helped maintain consistent supply. As a result, PPS prices saw a steady upward trend throughout the quarter, supported by firm demand fundamentals and a positive industry outlook, particularly in sectors focused on sustainability and advanced mobility.
APAC
In Q1 2025, PPS prices in Thailand registered a net increase, with January and February witnessing cumulative growth of 2.9%, followed by a slight 0.38% dip in March. Price trends were shaped by rising input and freight costs, stable yet pressured supply chains, and subdued demand recovery. Compared to Q4 2024’s sharp price hikes—driven by booming NEV demand and robust exports—Q1 2025 marked a cooling phase, with market sentiment stabilizing amid logistical hurdles and slower demand momentum. Production remained stable throughout Q1, with domestic manufacturers operating at high capacity. Imports from China and South Korea continued, though freight rate hikes and minor trade disruptions elevated costs. Despite no major port issues, logistical inefficiencies weighed on the supply chain.
Domestic demand showed mixed signals—EV growth remained a bright spot, while conventional automotive and electronics sectors lagged. Weaker demand from China and South Korea also impacted exports. Overall, demand was stable to low, keeping market conditions balanced but cautious.
Europe
In Q1 2025, the European PPS market showed a relatively stable to slightly bearish price trend. January began with a 1.12% price increase driven by firm demand from Southeast Asia and Europe’s automotive and electronics sectors, alongside constrained supply due to Red Sea tensions and higher raw material and freight costs. February maintained this momentum with flat pricing, as balanced supply-demand dynamics offset production cost pressures and rising fuel-related freight expenses. However, March saw a modest 0.89% price decline amid ongoing port disruptions, labor strikes in France, and weakening automotive demand in Germany and France—particularly in the BEV segment.
Compared to Q4 2024, when PPS prices rose significantly due to strong PHEV sales and tight supply, Q1 2025 reflected a more cautious market. While demand from EV and renewable energy sectors persisted, broader economic uncertainty and uneven automotive performance dampened bullish sentiment. Supply chains remained under strain, yet production stability prevented major price volatility. Overall, Q1 2025 marked a shift from the sharp upward momentum of Q4 2024 to a more tempered and balanced pricing environment.
For the Quarter Ending December 2024
North America
In Q4 2024, the PPS market in the USA saw steady price increases, primarily driven by sustained demand from key sectors like automotive and electronics. The recovery in the automotive industry supported the ongoing need for high-performance materials such as PPS, which is essential for producing lightweight and durable components in vehicles, including electric and hybrid models.
As the demand for electric vehicles (EVs) continued to grow, the PPS market saw heightened activity in both domestic consumption and export markets. The automotive sector's increasing reliance on advanced materials like PPS for thermal management and durability further supported this trend. Additionally, demand from the electrical and electronics industries remained stable, reflecting the broad industrial applications of PPS.
Despite some challenges in global supply chains, including shipping delays and rising production costs, the USA's robust domestic production base and well-established logistics infrastructure helped ensure the continued availability of PPS. Overall, the market remained resilient in Q4, with strong demand from key sectors driving price increases and keeping the outlook positive for the near future.
APAC
In Q4 2024, the PPS market in the APAC region experienced significant price increases, driven by robust demand from the automotive and new energy vehicle (NEV) sectors. In October, PPS prices in China rose by 3.6%, with strong performance in the automotive industry, where passenger vehicle sales increased by 7.0% year-on-year. The recovery in the automotive sector, especially in electric and hybrid vehicles, boosted the demand for PPS, which is essential in manufacturing lightweight and durable automotive components.
November saw a more pronounced 10.3% price surge, fueled by the record-breaking sales of NEVs, which grew by 47.4% year-on-year. This strong performance in the NEV sector significantly contributed to PPS demand, as the material is key in producing high-performance components such as connectors and sensors.
By December, PPS export prices surged by 11%, supported by strong demand from markets like Thailand and India. Despite challenges such as rising production costs and global freight disruptions, China's stable production and efficient logistics helped meet both domestic and international demand. While domestic automotive demand remained stable, exports to key markets continued to drive growth, with Thailand seeing a notable rise in PPS imports.
Europe
In Q4 2024, the European PPS market experienced upward price trends, driven primarily by the robust demand from the automotive sector, despite logistical challenges. October saw a 4% increase in PPS prices, largely fueled by rising automotive sales in Germany, especially in the plug-in hybrid electric vehicle (PHEV) market. The automotive industry's recovery and steady demand from industrial applications supported this growth. However, supply chain disruptions, including rising freight rates and global shipping delays, slightly impacted the market, though Europe’s integrated infrastructure kept supply levels stable.
November witnessed a further price increase of 8.3%, largely due to the surge in PHEV registrations, despite a slight decline in overall passenger car registrations. Geopolitical factors, such as the EU-China trade negotiations over electric vehicle tariffs, influenced the PPS market, as potential improvements in trade dynamics could support future demand.
By December, PPS export prices in Europe faced slight pressure, with a minor decline of 0.7%. Domestic demand was subdued, mainly due to lower automotive sales and changes in vehicle type preferences, but export activity remained strong, particularly in Southeast Asia.
For the Quarter Ending September 2024
North America
Q3 2024 saw limited price movements for the PPS, with fluctuations contained within a narrow range due to several interacting factors. The U.S. economy sent mixed signals, balancing strength with inflation concerns and geopolitical risks.
Supply conditions were influenced by stable manufacturing output and evolving trade conditions. The Producer Price Index (PPI) for manufacturing fell slightly from 249.624 in Q2 to 248.383 in Q3, suggesting modest production cost relief. Rebuilding inventories, after earlier drawdowns, contributed to Q2 GDP growth of 3.0%, with 2.7% growth expected for the full year.
Consumer spending and business investments, bolstered by the CHIPS Act and other policies, remained key drivers of demand. Meanwhile, inflation eased, dipping below 3.0% by July. Yet, geopolitical tensions in Ukraine and the Middle East, coupled with possible import tariffs, created risks for supply chains and trade flows. Although the Fed’s planned rate cuts aim to support spending, uncertainties in labor dynamics and trade policies could weigh on supply conditions into 2025.
Asia
In the APAC region during Q3 2024, the Polyphenylene Sulfide (PPS) market experienced an overall upward trend in prices. This increase was primarily influenced by a combination of factors such as robust industrial activity, rising demand from key sectors, and supply chain challenges. The market saw stable supply conditions, with demand outpacing availability, leading to price hikes. These dynamics were particularly pronounced in China, where the market faced disruptions in trade routes and increased shipping costs, further impacting prices. The quarter showed a consistent positive sentiment in pricing, with a 1% increase from the previous quarter. The price change from the same quarter last year was notable, reflecting the volatile nature of the market. Despite some fluctuations, the pricing environment remained bullish throughout the quarter, culminating in a closing price of USD 3940/MT for Polyphenylene Sulfide GF40% FOB Shanghai in China.
Europe
In Q3 2024, the European Polyphenylene Sulfide (PPS) market witnessed a decline in prices, with Germany experiencing the most significant changes. This downward trend can be attributed to various factors influencing market dynamics. Supply chain disruptions, including transportation challenges and fluctuating raw material costs, played a crucial role in driving prices lower. The overall demand for PPS remained moderate, with sluggish performance in key sectors like manufacturing and automotive contributing to the negative price sentiment. Additionally, adverse weather conditions impacting construction activities further dampened demand for PPS in the region. Germany, a major player in the European market, saw notable price decreases compared to the same quarter last year. The price change from the previous quarter recorded a decline of 1%, reflecting the ongoing downward trajectory. The second half of the quarter saw prices decrease by 1% compared to the first half, indicating a consistent negative trend throughout the period. The quarter-ending price for Polyphenylene Sulfide GF40% FOB Hamburg in Germany stood at USD 7950/MT, highlighting the prevailing decreasing pricing environment in the region.
FAQs
1. What is the current price of Polyphenylene Sulfide (PPS)?
As of June 2025, the Polyphenylene Sulfide (PPS) Price Index stood at USD 5040/tonne FOB Busan (South Korea) and USD 8800/tonne FOB Hamburg (Germany), while prices in the U.S. remained largely unchanged during Q2 2025.
2. Who are the top Polyphenylene Sulfide (PPS) producers in the United States?
Key U.S. producers of PPS include Celanese Corporation and Solvay, operating facilities focused on automotive-grade PPS materials, especially for lightweighting and thermal applications.
3. What factors influence the Polyphenylene Sulfide (PPS) Spot Price globally?
PPS spot prices are influenced by feedstock availability, automotive sector demand (especially EVs), port logistics, global trade policies (e.g., U.S.-China tariffs), and capacity utilization rates among top Asian and European producers.
4. What is the demand outlook for Polyphenylene Sulfide (PPS) in Q3 2025?
The Polyphenylene Sulfide (PPS) Demand Outlook is neutral to cautiously positive, driven by EV production in Europe and Asia, with support from Southeast Asian NEV growth and resilient export markets like India.
