For the Quarter Ending September 2025
North America
• In United States, the Tertiary Butylhydroquinone Price Index remained stable quarter-over-quarter in Q3 2025, as imports tempered potential gains.
• Tertiary Butylhydroquinone production costs rose due to a 3.0% CPI increase in September 2025 and a 2.6% PPI rise in August 2025.
• Feedstock benzene prices strengthened in July and August 2025, increasing Tertiary Butylhydroquinone production expenses.
• Energy costs for US chemical manufacturers increased in Q3 2025, impacting Tertiary Butylhydroquinone production.
• Tertiary Butylhydroquinone demand outlook was mixed; retail sales rose 5.42% in September 2025, but consumer confidence declined.
• Industrial production grew minimally at 0.1% in September 2025, while the 4.3% unemployment rate suggested softer consumer spending.
• Overall new orders for US chemical manufacturers contracted in Q3 2025, signaling weaker Tertiary Butylhydroquinone demand.
• Regional phenol supply tightened in Q3 2025, but increasing imports from Asia tempered Tertiary Butylhydroquinone price gains.
Why did the price of Tertiary Butylhydroquinone change in September 2025 in North America?
• Rising CPI (3.0% September 2025) and PPI (2.6% August 2025) increased Tertiary Butylhydroquinone production costs.
• Increasing phenol imports from Asia tempered Tertiary Butylhydroquinone price gains in North America during Q3 2025.
• Contracted overall new orders for US chemical manufacturers in Q3 2025 indicated softer Tertiary Butylhydroquinone demand.
APAC
• In China, the Tertiary Butylhydroquinone Price Index fell quarter-over-quarter in Q3 2025, driven by weak consumer demand and producer price deflation.
• Tertiary Butylhydroquinone price forecast remains stable to falling due to persistent overcapacity and weak demand signals.
• Production costs for Tertiary Butylhydroquinone faced upward pressure from increased key raw material costs in August 2025.
• Tertiary Butylhydroquinone demand outlook is mixed; weak food and beverage demand offset by industrial production growth in September 2025.
• China's Manufacturing Index was contracting in September 2025, indicating reduced industrial input demand.
• Consumer confidence at 89.6 and unemployment at 5.2% in September 2025 suggest cautious spending, impacting demand.
• Retail sales increased 3.0% year-on-year in September 2025, offering some support for consumer-driven sectors.
• Overall chemical overcapacity in China continued to depress industry utilization and contribute to global oversupply in Q3 2025.
Why did the price of Tertiary Butylhydroquinone change in September 2025 in APAC?
• Weak consumer demand, with CPI falling 0.3% year-on-year in September 2025, pressured Tertiary Butylhydroquinone prices.
• Producer price deflation, PPI down 2.3% year-on-year in September 2025, contributed to price shifts.
• Contracting Manufacturing Index in September 2025 signaled reduced industrial demand, impacting Tertiary Butylhydroquinone pricing.
Europe
• In Germany, the Tertiary Butylhydroquinone Price Index fell quarter-over-quarter in Q3 2025, driven by contracting industrial activity.
• Tertiary Butylhydroquinone production costs faced downward pressure from lower producer prices, down 1.7% in September 2025.
• Contracting manufacturing activity and a 1.0% decline in industrial production in September 2025 subdued TBHQ demand.
• Benzene feedstock costs, crucial for Tertiary Butylhydroquinone, weakened significantly across Europe in Q3 2025.
• European natural gas prices experienced broad upward pressure year-on-year in Q3 2025, influencing overall production expenses.
• Retail sales increased by 0.2% in September 2025, offering slight support for Tertiary Butylhydroquinone demand in food applications.
• Rising CPI at 2.4% in September 2025 indicated higher costs, eroding consumer purchasing power.
• Stable unemployment at 6.3% in September 2025 reflected persistent economic challenges, constraining overall consumer spending.
Why did the price of Tertiary Butylhydroquinone change in September 2025 in Europe?
• Contracting manufacturing activity in Q3 2025, indicated by the Manufacturing Index, reduced industrial demand.
• Producer prices fell 1.7% in September 2025, primarily due to lower energy costs, easing production expenses.
• Weakened benzene feedstock costs in Q3 2025, coupled with abundant supply, exerted downward price pressure.
