For the Quarter Ending September 2025
North America
• In United States, the Sodium Acid Phosphate Price Index rose quarter-over-quarter in Q3 2025, driven by increased production costs and retail sales.
• Production costs for Sodium Acid Phosphate increased in Q3 2025, with PPI rising 2.6% in August 2025 and phosphate rock prices climbing.
• Food application demand was supported by a 5.42% retail sales increase in September 2025 and a healthy 4.3% unemployment rate.
• Industrial demand faced headwinds from a minimal 0.1% industrial production increase in September 2025.
• Consumer confidence declined to 94.2 in September 2025; a 3.0% CPI increase also tempered processed food demand.
• Chemical manufacturing inventories tightened in Q3 2025 due to accelerated destocking efforts.
• US phosphoric acid trade flows saw substantial increases in both imports and exports during July 2025.
• Regional phosphate supply was constrained by export restrictions, despite consistent US production increases.
• US natural gas prices experienced an uptick in Q3 2025, impacting energy costs for chemical production.
Why did the price of Sodium Acid Phosphate change in September 2025 in North America?
• Rising input costs, 2.6% PPI increase in August 2025 and climbing phosphate rock prices, elevated production.
• Robust consumer spending, retail sales up 5.42% in September 2025, supported food-grade Sodium Acid Phosphate demand.
• Constrained regional phosphate supply and minimal 0.1% industrial production growth in September 2025.
APAC
• In China, Sodium Acid Phosphate Price Index fell in Q3 2025, influenced by a 2.3% Producer Price Index decline and -0.3% CPI in September 2025.
• Production costs were stable from firm phosphate ore prices, but phosphoric acid feedstock prices softened in Q3 2025.
• Food-grade Sodium Acid Phosphate demand strengthened in beverage and processed food sectors during Q3 2025.
• Overall demand was mixed, with consumer confidence low at 89.6 in September 2025, impacting spending.
• Manufacturing Index contracted in September 2025, indicating reduced industrial activity, pressuring industrial Sodium Acid Phosphate demand.
• Despite manufacturing contraction, industrial production grew 6.5% year-on-year in September 2025, supporting demand.
• Retail sales increased 3.0% year-on-year in September 2025, indicating healthy consumer spending, supporting food-grade demand.
• Increased inventory turnover days and global overcapacity contributed to bearish Sodium Acid Phosphate price trends in Q3 2025.
Why did the price of Sodium Acid Phosphate change in September 2025 in APAC?
• Producer Price Index fell 2.3% in September 2025, indicating weak industrial demand and lower selling prices.
• Subdued consumer sentiment, at 89.6 in September 2025, and a contracting Manufacturing Index pressured demand.
• Phosphoric acid feedstock prices softened in Q3 2025, while regulatory compliance costs elevated production expenses.
Europe
• In Germany, Sodium Acid Phosphate Price Index fell in Q3 2025, due to contracting industrial activity.
• Production costs were burdened by high energy costs in Q3 2025, despite easing natural gas prices.
• Demand for Sodium Acid Phosphate declined as German industrial production fell 1.0% in September 2025.
• The Manufacturing Index for Germany was contracting in Q3 2025, signaling reduced industrial demand.
• CPI rose 2.4% in September 2025, while PPI fell 1.7%, creating mixed cost pressures.
• Retail sales in Germany increased 0.2% in September 2025, suggesting stable consumer demand for processed foods.
• German chemical industry capacity utilization plunged in Q3 2025, contributing to overcapacity and price pressure.
• Sodium Acid Phosphate demand outlook remains subdued due to weakened domestic chemical demand in Q3 2025.
Why did the price of Sodium Acid Phosphate change in September 2025 in Europe?
• Industrial production declined 1.0% in September 2025, reducing Sodium Acid Phosphate demand in food processing.
• High energy costs burdened European phosphoric acid production economics in Q3 2025, impacting input costs.
• German chemical industry capacity utilization plunged in Q3 2025, creating overcapacity and downward price pressure.
