For the Quarter Ending September 2025
North America
• In the United States, the Sodium Iodide Price Index rose quarter-over-quarter in Q3 2025, driven by increased production costs.
• Sodium Iodide production costs increased in Q3 2025, influenced by a 2.6% PPI rise in August 2025.
• Overall new orders for chemicals, including Sodium Iodide, fell in Q3 2025 across domestic and foreign markets.
• Chemical inventories, including Sodium Iodide, shrank in Q3 2025 as destocking accelerated.
• Industrial production in the United States saw a marginal 0.1% increase in September 2025, indicating slow demand.
• Consumer confidence declined in September 2025, potentially dampening future demand.
• Natural gas prices rallied in August 2025 and rose throughout Q3 2025, impacting energy costs.
• The 3.0% CPI increase in September 2025 indicated general inflation, raising operational costs.
• The Sodium Iodide Price Index is forecast to remain under upward pressure from persistent cost inflation.
• US chemical manufacturing activity contracted in Q3 2025, leading to negative production levels.
Why did the price of Sodium Iodide change in September 2025 in North America?
• Input and raw material costs for chemical manufacturers increased.
• Energy, transportation, and labor costs for chemical production rose.
• Weakened customer market demand and falling new orders.
APAC
• In China, the Sodium Iodide Price Index rose quarter-over-quarter in Q3 2025, driven by surging iodine feedstock costs.
• Demand for Sodium Iodide remained robust in Q3 2025, particularly from pharmaceutical and healthcare sectors.
• China's industrial production expanded 6.5% year-on-year in September 2025, supporting overall Sodium Iodide demand.
• The Manufacturing Index contracted in Q3 2025, indicating reduced industrial activity.
• Retail sales grew 3.0% year-on-year in September 2025, boosting Sodium Iodide demand in consumer applications.
• Producer prices fell 2.3% year-on-year in September 2025, suggesting weak downstream demand and input cost pressure.
• Consumer prices fell 0.3% year-on-year in September 2025, reflecting deflationary pressure on end-product demand.
• Raw material inventory declined in July, narrowing in September 2025, tightening supply for iodide products.
• Export demand for iodide products grew in July-August 2025 due to favorable trade conditions.
Why did the price of Sodium Iodide change in September 2025 in APAC?
• Iodine feedstock prices surged in July-August 2025, significantly increasing Sodium Iodide production costs.
• Robust demand from pharmaceutical and healthcare sectors sustained Sodium Iodide prices in Q3 2025.
• Tightening raw material inventories in July 2025 supported Sodium Iodide price increases.
Europe
• In Germany, the Sodium Iodide Price Index fell quarter-over-quarter in Q3 2025, due to weak industrial demand.
• Sodium Iodide production costs faced upward pressure from a 2.4% CPI increase in September 2025.
• A 1.7% decline in PPI in September 2025 offered some relief on Sodium Iodide input costs.
• Sodium Iodide demand outlook weakened as German industrial production declined by 1.0% in September 2025.
• The Manufacturing Index showed a "Contracting" trend in Q3 2025, impacting Sodium Iodide industrial applications.
• High operating costs and elevated natural gas prices challenged Sodium Iodide producers in Q3 2025.
• Overcapacity in the German chemical industry during Q3 2025 contributed to downward Sodium Iodide price pressure.
• The unemployment rate remained stable at 6.3% in September 2025, reflecting a steady labor market.
• Germany's chemical exports to the US were decreasing in Q3 2025, affecting Sodium Iodide trade flows.
Why did the price of Sodium Iodide change in September 2025 in Europe?
• Weakened industrial demand, with German industrial production declining by 1.0% in September 2025.
• Overcapacity in the German chemical industry during Q3 2025, creating downward pressure.
• Elevated natural gas prices in Q3 2025 increased operational costs, partially offset by falling PPI.
