For the Quarter Ending September 2025
North America
• In United States, the Potassium Humate Price Index rose quarter-over-quarter in Q3 2025, influenced by increased year-over-year production costs.
• Production costs were impacted by a 3.0% CPI increase in September 2025 and a 2.6% PPI increase in August 2025.
• Henry Hub natural gas spot prices softened in July and declined in August 2025, easing energy feedstock expenses.
• Potassium Humate demand was supported by record high US corn and soybean production forecasts in September 2025.
• Strong US retail sales, up 5.42% year-over-year in September 2025, bolstered overall agricultural demand.
• A low 4.3% unemployment rate in September 2025 further supported economic stability and consumer spending.
• Manufacturing output expanded in August and September 2025, though industrial production increased marginally by 0.1% year-over-year.
• Consumer confidence declined to 94.2 in September 2025, signaling potential future headwinds for demand.
Why did the price of Potassium Humate change in September 2025 in North America?
• Rising production costs, with CPI up 3.0% in September 2025, influenced price trends.
• Henry Hub natural gas prices softened in July and August 2025, easing feedstock cost pressures.
• Strong agricultural demand, including record corn production in September 2025, supported the market.
APAC
• In China, the Potassium Humate Price Index fell quarter-over-quarter in Q3 2025, influenced by deflationary pressures.
• Potassium Humate production costs faced upward pressure as China's coal output declined in September 2025.
• Demand outlook was supported by improved growth in China's agricultural sector during Q3 2025.
• Government initiatives, including soil-health funding, bolstered agricultural input demand in Q3 2025.
• The Manufacturing Index was contracting in September 2025, signaling broader economic slowdown.
• Industrial production increased 6.5% year-over-year in September 2025, supporting industrial applications.
• Retail sales grew 3.0% year-over-year in September 2025, indirectly supporting agricultural demand.
• Global fertilizer inventories recalibrated from aggressive restocking in Q2 and early Q3 2025.
• Consumer Price Index fell 0.3% year-over-year in September 2025, reflecting weak consumer demand.
• Producer Price Index declined 2.3% year-over-year in September 2025, impacting purchasing power.
Why did the price of Potassium Humate change in September 2025 in APAC?
• Deflationary pressures (CPI -0.3%, PPI -2.3% in September 2025) reduced purchasing power.
• The Manufacturing Index was contracting in September 2025, signaling broader economic slowdown.
• Easing global fertilizer inventory tightness from Q2 and early Q3 2025 contributed to downward price pressure.
Europe
• In Germany, the Potassium Humate Price Index fell quarter-over-quarter in Q3 2025, influenced by declining production costs.
• Potassium Humate production costs decreased in Q3 2025, driven by a -1.7% Producer Price Index in September 2025.
• Despite a 2.4% Consumer Price Index in September 2025, feedstock costs declined, impacting overall production expenses.
• Demand was supported by strengthened German agricultural demand for sustainable fertilizers and surging crop production in 2025.
• Overall German economic activity stagnated in Q3 2025, with industrial production declining by -1.0% in September 2025.
• The Manufacturing Index contracted in Q3 2025, indicating a broader slowdown in industrial activity.
• Elevated European natural gas prices in Q3 2025 partially offset other production cost reductions.
• Increased chemical imports from China into Europe in 2025 exerted downward pressure on Potassium Humate prices.
• Retail sales grew by 0.2% in September 2025, indicating some consumer spending resilience.
Why did the price of Potassium Humate change in September 2025 in Europe?
• Potassium hydroxide feedstock costs declined significantly in Q3 2025, reducing production expenses.
• Increased chemical imports from China into Europe in 2025 intensified market competition.
• Germany's industrial production declined by -1.0% in September 2025, reflecting economic stagnation.
