For the Quarter Ending September 2025
North America
• In the United States, the Sulfanilamide Price Index remained stable quarter-over-quarter in Q3 2025, balancing various market forces.
• Sulfanilamide production costs rose in Q3 2025, driven by a 2.6% year-over-year PPI increase in August 2025.
• Demand for Sulfanilamide faced headwinds in Q3 2025 as overall new chemical orders declined.
• Benzene and ammonia feedstock costs strengthened in Q3 2025, impacting Sulfanilamide manufacturing expenses.
• Sulfanilamide demand outlook was supported by a 5.42% year-over-year increase in retail sales in September 2025.
• Industrial production inched up in September 2025, but a low 0.1% year-over-year growth limited Sulfanilamide demand.
• Chemical manufacturers accelerated destocking of inventories in Q3 2025, affecting Sulfanilamide supply dynamics.
• A low 4.3% unemployment rate in September 2025 supported consumer spending, aiding demand for Sulfanilamide products.
• The Sulfanilamide Price Forecast suggests stability, balancing rising input costs and weak customer market demand in Q3 2025.
Why did the price of Sulfanilamide change in September 2025 in North America?
• Production costs rose from a 2.6% year-over-year PPI increase in August 2025, impacting Sulfanilamide pricing.
• Weak demand in major chemical customer markets in Q3 2025 limited upward Sulfanilamide price movement.
• Benzene and ammonia feedstock costs strengthened in Q3 2025, raising Sulfanilamide manufacturing expenses.
APAC
• In China, the Sulfanilamide Price Index declined in Q3 2025, influenced by PPI falling -2.3% year-on-year in September.
• Sulfanilamide production costs rose in Q3 2025, driven by upward natural gas feedstock costs and elevated global LNG spot prices.
• Demand for Sulfanilamide was mixed in Q3 2025; industrial production increased 6.5% year-on-year in September 2025.
• The Manufacturing Index contracted in September 2025, indicating a slowdown in broader industrial activity.
• CPI fell -0.3% year-on-year in September 2025, reflecting deflationary pressures impacting purchasing power.
• Pharmaceutical sector demand strengthened in Q3 2025, supported by government innovation and regulatory reforms.
• Retail sales grew 3.0% year-on-year in September 2025, while unemployment remained stable at 5.2%.
• Sulfanilamide price forecast suggests pressure from subdued natural gas imports and pessimistic consumer confidence in September 2025.
Why did the price of Sulfanilamide change in September 2025 in APAC?
• Falling factory-gate prices, PPI declining -2.3% year-on-year in September 2025, reduced pricing power.
• Upward pressure on natural gas feedstock costs in Q3 2025 increased Sulfanilamide production expenses.
• Contracting Manufacturing Index in September 2025 signaled weaker industrial demand for chemical intermediates.
Europe
• In Germany, Sulfanilamide Price Index fell in Q3 2025, driven by weak industrial demand and lower feedstock costs.
• Sulfanilamide production costs decreased in Q3 2025, as benzene feedstock costs declined due to falling crude oil prices.
• Industrial demand for Sulfanilamide contracted in Q3 2025, reflecting a contracting Manufacturing Index in September 2025.
• German chemical industry production slumped in Q3 2025, with global overcapacity contributing to the downturn.
• Pharmaceutical sector output firmed in Q3 2025, providing some stability for Sulfanilamide demand.
• High benzene stock levels in Europe exerted downward pressure on the Sulfanilamide market throughout Q3 2025.
• Industrial production declined by 1.0% year-on-year in September 2025, reducing overall chemical intermediate consumption.
• The Producer Price Index declined by 1.7% year-on-year in September 2025, indicating deflationary pressures on producers.
• The Consumer Price Index rose 2.4% year-on-year in September 2025, indicating inflationary pressures on production costs.
• Retail sales grew 0.8% and unemployment was 3.9% in September 2025, offering mixed consumer demand signals.
Why did the price of Sulfanilamide change in September 2025 in Europe?
• Benzene feedstock costs declined in Q3 2025, reducing production expenses.
• Industrial production contracted 1.0% in September 2025, subduing chemical demand.
• High benzene inventory levels in Europe pressured the market in Q3 2025.
For the Quarter Ending December 2022
North America
At the beginning of October 2022, the North American market, particularly the USA, had an inclined price trend for Sulfanilamide. The pricing of Sulfanilamide remained on the higher side due to increased end-user demand balanced with adequate supplies among market participants.
The market sentiments for Sulfanilamide in the USA were supported by slowing economic activity amid rising borrowing prices, consumer expenditure that increased 0.1% after increasing 0.9% in October, a reduction in trade interruption, and shipment costs. Sulfanilamide was priced at USD 27325 /MT CFR Los Angeles in the USA up until November. Prices decreased dramatically at the close of the fourth quarter, supported by decreased inquiries and the temporary closure of the domestic market due to the New Year's Holidays.
APAC
By the end of 2022, Sulfanilamide costs drastically decreased in the Asia Pacific area, mainly in China. As the fourth quarter of 2022 got underway, the market for Sulfanilamide saw a bright future as demand shifted significantly in the direction of the previous month's trend. After November, less supply disruption and port congestion in the nations that were the main importers helped to support the price trends for Sulfanilamide, which eventually settled at USD 21000 /MT FOB Shanghai. Since the COVID-19 outbreak and subsequent lockdowns have slowed economic growth and negatively impacted market sentiment for many commodities—including Sulfanilamide in China—demand in China has remained essentially dormant.
Europe
Sulfanilamide's European market followed a similar path in the fourth quarter of 2022. As the demand from the end-user pharmaceutical business increased and was balanced by the overall supplies among the market participants, the market initially started off on a positive note up until November. At USD 29250/MT CFR Hamburg after November, the witnesses for the Sulfanilamide pricing were assembled. Additionally, the downstream business began to moderately increase its demands for rates on doxepin hydrochloride in November, which contributed to the maintenance of higher-than-average costs. Due to suppliers' high stock levels as a result of the market's brief suspension, fresher orders fell in December 2022.
For the Quarter Ending September 2022
North America
In North America, after prices for Sulfanilamide API settled at $24680/mt in August, prices only decreased until the middle of quarter 3. Prices eventually began to incline, though, and in September, they finally settled at $25380 per MT. The zero-covid policy of China severely limited the supply of this product across the country, as it is mainly imported as a pharmaceutical ingredient. However, the domestic merchants had adequate inventory to meet the whole downstream demand. The second half of Q3 saw the forced closure of some Chinese manufacturing facilities due to the heat wave and a power constraint, which had a negative effect on US trade. The US's high-interest rates, constrained supply, and high inflation are just a few of the factors that the country's heavyweights and economists blamed for the nation's deteriorating demand and market conditions.
Asia Pacific
The third quarter of 2022 saw a decline in the market trend for Sulfanilamide API in the APAC region as FOB Shanghai prices in China dropped from USD 22120/mt to USD19920/mt from July to September. The price chart for this product was significantly impacted by the weak demand in the pharmaceutical sector during the first half of the quarter. However, due to unanticipated circumstances, such as the country's extreme weather conditions and power outages, important suppliers postponed placing big orders, which led to sluggish offtakes and weak downstream demand in the nation. When the markets reopened in the final week of July following the suspension, several manufacturing plants performed maintenance, which also negatively affected the price trajectory of Sulfanilamide API.
Europe
In Europe, the third quarter of 2022 had a rise in the CFR Hamburg discussions for Sulfanilamide API in Germany, which increased from USD 27120/mt to USD27890/mt between July and September 2022. The instability in Russia and Ukraine, as well as the lockdown and port restrictions in China, added to the already challenging economic climate in Europe (a major supplier). Additionally, the end-user pharmaceutical industries' offtakes were sluggish in the first half of this quarter but later soared, i.e., both demand and supply from China.
For the Quarter Ending June 2022
North America
The North American region observed a mixed market sentiment in the prices of Sulfanilamide throughout the second quarter of 2022. The demand from end users remained active towards the start of the quarter, impacting the market sentiments of the product, Sulfanilamide, in the regional market. The prices of API remained high as the transportation of the same from major supplying country China remained tight. Uncertainty in feedstock availability with the drug manufacturers led to a price hike in the second quarter. Towards the quarter end, the market trend declined as API manufacturers faced less inquiry about the products leading to a decline in the prices of Sulfanilamide in the regional market. The prices recorded in the end of q2 were settled at USD 24040/MT CFR Los Angeles.
Asia-Pacific
In the second quarter, the market prices of Sulfanilamide witnessed mixed sentiments in the Asia-Pacific region on the back of static demand for the product in the regional market. Indian and Chinese markets remained static throughout the quarter as the operational rate of the product halted in the market. China faced certain natural calamities and lockdown curbs, which halted the operating rate of Sulfanilamide in the Asia-Pacific market. Towards the mid-quarter, the market prices of Sulfanilamide declined as the pharmaceutical drug manufacturers had ample feed availability to cater to the demand from downstream sectors in the regional market. The price dynamics regained their strength at the quarter end on the back of firm demand for Sulfanilamide from end users’ sectors with the settlement at USD 22470/MT FOB Shanghai in China.
Europe
The second quarter of 2022 started with brisked prices of Sulfanilamide in the European market as the demand from end-use consumers remained high. API transportation remained in a frenzy in China as the operational rate of the product remained sluggish. European suppliers faced a frenzy API supply leading to a feeding shortage, consequently increasing the production cost of Sulfanil amide in the regional market. European countries also faced shortage of stocks and high energy costs, significantly increasing the regional market prices. Towards the mid-quarter, the prices declined as the drug manufacturers had sufficient API to fulfil the domestic demand. Being anti-fungal, the demand for Sulfanilamide remained on the upper edge throughout the quarter. The prices recorded in the end of q2 were settled at USD 26370/MT CFR Hamburg.
