For the Quarter Ending September 2025
North America
• In United States, Tetrahydrophthalic Anhydride Price Index fell in Q3 2025, driven by weakened overall chemical demand.
• Tetrahydrophthalic Anhydride price forecast suggests continued stability or slight downward pressure from weak demand.
• Overall chemical demand weakened in Q3 2025; residential construction contracted, impacting Tetrahydrophthalic Anhydride consumption.
• Industrial production grew modestly by 0.1% year-over-year in September 2025, indicating limited industrial activity.
• Consumer Price Index rose 3.0% year-over-year in September 2025, indicating general inflationary pressure on inputs.
• Retail sales increased 5.42% year-over-year in September 2025, supported by a 4.3% unemployment rate.
• Consumer confidence declined to 94.2 in September 2025, influencing market dynamics.
Why did the price of Tetrahydrophthalic Anhydride change in September 2025 in North America?
• Weakened chemical demand and contracting residential construction in Q3 2025 contributed to price declines.
• Declining feedstock costs and easing maleic anhydride prices in September 2025 reduced expenses.
APAC
• In China, the Tetrahydrophthalic Anhydride Price Index fell quarter-over-quarter in Q3 2025, influenced by contracting manufacturing activity.
• Tetrahydrophthalic Anhydride demand was mixed; automotive and high-tech manufacturing expanded robustly in Q3 2025.
• However, construction demand remained subdued in Q3 2025, impacting THPA consumption in related sectors.
• China's CPI decreased by -0.3% year-on-year in September 2025, indicating weak consumer demand.
• PPI declined by -2.3% year-on-year in September 2025, suggesting pricing pressure on industrial goods.
• The Manufacturing Index was contracting in September 2025, signaling reduced industrial output and lower raw material demand.
• Industrial production expanded 6.5% year-on-year in September 2025, with retail sales up 3.0% year-on-year.
• Ample overall chemical inventories and Maleic Anhydride capacity expansion intensified oversupply in Q3 2025.
Why did the price of Tetrahydrophthalic Anhydride change in September 2025 in APAC?
• Weak consumer confidence (89.6) and declining CPI (-0.3% YoY) in September 2025 dampened demand.
• Contracting Manufacturing Index in September 2025 reduced industrial output, lowering raw material demand.
• Ample Maleic Anhydride supply and overall chemical inventories contributed to pricing pressure in Q3 2025.
Europe
• In Germany, the Tetrahydrophthalic Anhydride Price Index fell quarter-over-quarter in Q3 2025, driven by weakened industrial demand and declining feedstock costs.
• Tetrahydrophthalic Anhydride production costs decreased, with producer prices falling 1.7% year-over-year in September 2025 due to lower energy.
• Demand for Tetrahydrophthalic Anhydride was subdued as industrial production declined 1.0% year-over-year in September 2025.
• Germany's manufacturing index was contracting in Q3 2025, signaling reduced new orders for chemical intermediates.
•Feedstock Maleic Anhydride and Naphtha costs declined in September 2025, contributing to lower THPA manufacturing expenses.
• Sufficient Maleic Anhydride inventories in Europe indicated ample supply in Q3 2025.
• The German chemical industry faced overcapacity and declining production volumes in Q3 2025, impacting market balance.
• Retail sales increased 0.2% year-over-year in September 2025, offering minor support for consumer-related THPA applications.
• The Tetrahydrophthalic Anhydride Price Forecast suggests stable to slightly declining prices, reflecting persistent demand weakness and cost reductions.
Why did the price of Tetrahydrophthalic Anhydride change in September 2025 in Europe?
• Industrial production declined 1.0% in September 2025, significantly reducing Tetrahydrophthalic Anhydride demand.
• Maleic Anhydride and Naphtha feedstock costs declined in September 2025, lowering THPA production expenses.
• Elevated inventories and German chemical industry overcapacity in Q3 2025 exerted downward price pressure.
