For the Quarter Ending December 2025
Tetrahydrophthalic Anhydride Prices in APAC
- Tetrahydrophthalic Anhydride prices in Asia were recorded at 1150 USD/MT in December 2025.
- In China, the Tetrahydrophthalic Anhydride Price Index declined quarter-over-quarter in Q4 2025, influenced by softening feedstock costs and weak producer prices.
- Tetrahydrophthalic Anhydride production costs decreased towards the end of 2025, as N-butane feedstock costs softened.
- Automotive sector demand for Tetrahydrophthalic Anhydride surged in Q4 2025, driven by strong vehicle sales.
- However, overall Tetrahydrophthalic Anhydride demand faced headwinds from contracting construction activity throughout 2025.
- China's Manufacturing Index expanded in December 2025, indicating industrial growth, which supported Tetrahydrophthalic Anhydride demand.
- Industrial production increased by 5.2% year-on-year in December 2025, positively impacting Tetrahydrophthalic Anhydride consumption across sectors.
- Weak consumer demand, reflected by 0.8% CPI year-on-year in December 2025, indirectly dampened Tetrahydrophthalic Anhydride end-use.
- The Tetrahydrophthalic Anhydride market experienced downward pressure from chronic chemical overcapacity in China during 2025.
Why did the price of Tetrahydrophthalic Anhydride change in December 2025 in APAC?
- N-butane feedstock costs softened towards the end of 2025, reducing Tetrahydrophthalic Anhydride production expenses.
- A negative PPI of -1.9% year-on-year in December 2025 indicated weak producer prices and industrial demand.
- Overall chemical overcapacity in China continued to rise in 2025, contributing to downward price pressure.
Tetrahydrophthalic Anhydride Prices in North America
- In the United States, the Tetrahydrophthalic Anhydride Price Index remained stable quarter-over-quarter in Q4 2025, influenced by mixed market signals.
- Tetrahydrophthalic Anhydride production costs declined in Q4 2025, driven by softening feedstock n-butane prices toward the end of 2025.
- Demand for Tetrahydrophthalic Anhydride was supported by a 2.0% year-over-year increase in industrial production in December 2025.
- The Tetrahydrophthalic Anhydride demand outlook was mixed, with US automotive production upgraded in December 2025, but construction demand decreasing in October 2025.
- Rising input costs for manufacturers, indicated by a 3.0% year-over-year PPI increase in November 2025, impacted Tetrahydrophthalic Anhydride production.
- Increased availability of 1,3-butadiene in December 2025 pressured the market, influencing Tetrahydrophthalic Anhydride supply dynamics.
- Consumer spending, bolstered by a 3.3% year-over-year rise in retail sales in November 2025, indirectly supported Tetrahydrophthalic Anhydride demand.
- Inflationary pressures, with CPI rising 2.7% year-over-year in December 2025, contributed to higher operational costs for Tetrahydrophthalic Anhydride producers.
Why did the price of Tetrahydrophthalic Anhydride change in December 2025 in North America?
- Feedstock n-butane costs softened toward the end of 2025, reducing Tetrahydrophthalic Anhydride production expenses.
- Industrial production increased 2.0% year-over-year in December 2025, supporting Tetrahydrophthalic Anhydride demand.
- Rising input costs, evidenced by a 3.0% year-over-year PPI increase in November 2025, exerted upward pressure on Tetrahydrophthalic Anhydride pricing.
Tetrahydrophthalic Anhydride Prices in Europe
- In Germany, the Tetrahydrophthalic Anhydride Price Index fell in Q4 2025, influenced by contracting manufacturing activity in December 2025.
- Tetrahydrophthalic Anhydride production costs declined in Q4 2025 as feedstock n-butane costs softened towards the quarter's end.
- Demand for Tetrahydrophthalic Anhydride faced headwinds from weak German chemical industry demand in Q4 2025.
- The Tetrahydrophthalic Anhydride demand outlook was supported by strengthened automotive production in December 2025.
- Industrial production in Germany grew by 0.8% year-on-year in October 2025, offering slight support for demand.
- Elevated energy costs significantly burdened the German chemical industry throughout Q4 2025, impacting producers.
- Consumer confidence declined to -17.5 in December 2025, signaling reduced consumer spending and bearish demand.
- The Tetrahydrophthalic Anhydride Price Index faced downward pressure from a -2.5% year-on-year PPI in December 2025.
Why did the price of Tetrahydrophthalic Anhydride change in December 2025 in Europe?
- The Tetrahydrophthalic Anhydride Price Index fell due to contracting manufacturing activity in Germany in December 2025.
- Feedstock n-butane costs softened towards the end of Q4 2025, contributing to lower production costs.
- Weak German chemical industry demand and a -2.5% year-on-year PPI in December 2025 exerted downward pressure.
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.
