For the Quarter Ending September 2025
North America
• In the United States, the Sodium Thiosulfate Pentahydrate Price Index remained stable in Q3 2025, influenced by mixed market signals.
• Production costs for Sodium Thiosulfate Pentahydrate rose, driven by a 3.0% CPI increase in September 2025.
• Producer costs increased, with PPI up 2.6% year-over-year in August 2025, affecting manufacturing expenses.
• Sodium Thiosulfate Pentahydrate demand outlook was bearish; industrial production grew only 0.1% year-over-year in September 2025.
• Despite robust 5.42% year-over-year retail sales in September 2025, overall US chemical demand was expected to weaken.
• North American sulfuric acid prices, a key cost driver, strengthened in Q3 2025, though softened by September.
• Ample US natural gas production led to moderate Henry Hub spot prices in September 2025, easing energy costs.
• US chemical exports were projected to decline in 2025, with trade flows reaching lowest levels since 2020.
Why did the price of Sodium Thiosulfate Pentahydrate change in September 2025 in North America?
• Production costs rose due to a 3.0% CPI increase in September 2025, impacting raw materials.
• Industrial demand was constrained by 0.1% year-over-year industrial production growth in September 2025.
• Sulfuric acid prices strengthened in Q3 2025, while natural gas supply moderated energy costs.
APAC
• In China, the Sodium Thiosulfate Pentahydrate Price Index fell in Q3 2025, driven by a 2.3% year-on-year PPI decline in September.
• Production costs were influenced by feedstock sulfur supply and elevated soda ash energy input costs during Q3 2025.
• Demand was supported by a 6.5% year-on-year industrial output expansion in September 2025, boosting manufacturing activity.
• Consumer confidence at 89.6 and CPI declining 0.3% year-on-year in September 2025 dampened end-user demand.
• Leaner downstream inventories and rising China exports in Q3 2025 influenced Sodium Thiosulfate Pentahydrate market dynamics.
• Overcapacity from China's chemical sector kept margins tight for Sodium Thiosulfate Pentahydrate throughout Q3 2025.
• The Manufacturing Index was contracting in September 2025, signaling reduced industrial activity and impacting chemical demand.
• Retail sales increased 3.0% year-on-year in September 2025, while unemployment remained stable at 5.2%.
Why did the price of Sodium Thiosulfate Pentahydrate change in September 2025 in APAC?
• Producer Price Index declined 2.3% year-on-year in September 2025, indicating weak industrial demand and pricing pressure.
• Manufacturing Index was contracting in September 2025, signaling reduced industrial activity and lower demand for chemicals.
• Overcapacity from China's chemical sector in Q3 2025 kept market margins tight, contributing to price pressure.
Europe
• Germany's Sodium Thiosulfate Pentahydrate prices remained stable in Q3 2025, influenced by mixed cost and demand signals.
• Production costs faced mixed trends; producer prices fell 1.7% in September 2025.
• Tight European sulfur supply in Q3 2025 pressured feedstock expenses upward.
• European natural gas prices moderated in Q3 2025, easing energy costs for chemical production.
• Demand outlook weakened as industrial production fell 1.0% in September 2025.
• Manufacturing Index Contracting in Q3 2025 signaled reduced industrial activity and chemical consumption.
• Chemical Industry Business Climate Index deteriorated significantly in July 2025, reflecting challenging market conditions.
• Retail sales rose by 0.2% in September 2025, offering neutral support for consumer-linked applications.
• Unemployment remained stable at 6.3% in September 2025, supporting economic stability and consumer spending.
• Price forecast suggests stability to slight downward pressure due to subdued industrial demand for Sodium Thiosulfate Pentahydrate.
Why did the price of Sodium Thiosulfate Pentahydrate change in September 2025 in Europe?
• Industrial production declined 1.0% in September 2025, reducing overall demand for Sodium Thiosulfate Pentahydrate.
• Producer prices decreased by 1.7% in September 2025, offering some relief to production costs.
• Tight European sulfur supply in Q3 2025 exerted upward pressure on feedstock expenses.
