For the Quarter Ending September 2025
North America
• US Propylene Tetramer Price Index fell in Q3 2025, due to declining feedstock propylene and weakened chemical demand.
• Propylene Tetramer production costs were mixed; propylene prices declined, but natural gas prices rose in Q3 2025.
• Overall chemical demand weakened in Q3 2025, despite retail sales increasing 5.42% in September 2025.
• Industrial production showed near-stagnant 0.1% growth in September 2025, despite manufacturing output expanding.
• Consumer confidence declined to 94.2 in September 2025, suggesting caution in consumer spending on downstream products.
• Chemical industry inventories shrank in Q3 2025 due to accelerating destocking, impacting Propylene Tetramer supply.
• Imports accelerated in Q3 2025 due to tariff deadlines, pressuring domestic Propylene Tetramer manufacturers.
• Producer Price Index rose 2.6% in August 2025, indicating increased input costs for Propylene Tetramer derivatives.
Why did the price of Propylene Tetramer change in September 2025 in North America?
• Declining propylene prices in Q3 2025, a key feedstock, reduced Propylene Tetramer production costs.
• Overall chemical demand weakened in Q3 2025, leading to lower new orders for Propylene Tetramer.
• Producer Price Index rose 2.6% in August 2025, indicating broader inflationary pressure on manufacturing inputs.
Europe
• In Germany, the Propylene Tetramer Price Index fell quarter-over-quarter in Q3 2025, driven by contracting manufacturing activity.
• Propylene Tetramer production costs saw some relief as naphtha feedstock prices fell in Q3 2025.
• However, high energy and raw material costs continued to pressure the German chemical industry in Q3 2025.
• Propylene Tetramer demand outlook remained weak due to a contracting Manufacturing Index in Q3 2025.
• Industrial production declined by 1.0% in September 2025, dampening Propylene Tetramer demand.
• The European laundry detergents market experienced significant growth in 2025, supporting Propylene Tetramer demand.
• Retail sales increased by 0.2% in September 2025, indicating stable consumer demand for detergent end-products.
• The unemployment rate remained stable at 6.3% in September 2025, suggesting cautious consumer spending.
• Propylene Tetramer price forecast suggests continued stability to slight downward pressure amid weak industrial demand.
Why did the price of Propylene Tetramer change in September 2025 in Europe?
• Contracting Manufacturing Index in Q3 2025 and a 1.0% industrial production decline reduced demand.
• Naphtha feedstock prices fell in Q3 2025, easing Propylene Tetramer production cost pressures.
• Despite a 2.4% CPI increase in September 2025, a negative PPI of -1.7% indicated lower input costs.
APAC
• In China, the Propylene Tetramer Price Index fell quarter-over-quarter in Q3 2025, influenced by contracting manufacturing activity.
• Propylene Tetramer production costs rose in Q3 2025, driven by upward trends in naphtha, propane, and propylene prices.
• Demand for Propylene Tetramer was impacted by a -0.3% CPI YoY in September 2025, indicating weak consumer demand.
• Despite a contracting Manufacturing Index in September 2025, industrial production grew 6.5% YoY, supporting some demand.
• Retail sales increased 3.0% YoY in September 2025, positively influencing Propylene Tetramer demand for consumer goods.
• Propylene Tetramer demand outlook was tempered by a consumer confidence index of 89.6 in September 2025, suggesting pessimism.
• Inventory trends showed decreased industrial capacity utilization and broader chemical industry overcapacity in Q3 2025.
• Propylene supply tightened in August 2025 due to turnarounds, then loosened in September as units restarted.
• The Propylene Tetramer Price Forecast remains challenged by persistent overcapacity and weak pricing power in Q3 2025.
Why did the price of Propylene Tetramer change in September 2025 in APAC?
• Propylene Tetramer prices were pressured by a -2.3% PPI YoY in September 2025, reflecting weak industrial demand.
• Rising feedstock costs, including naphtha and propylene, increased production expenses in Q3 2025.
• Contracting Manufacturing Index in September 2025 indicated reduced industrial activity, dampening demand.