For the Quarter Ending September 2025
North America
• In United States, the TPG Diacrylate Price Index remained stable quarter-over-quarter in Q3 2025, influenced by mixed market signals.
• TPG Diacrylate production costs increased in Q3 2025, driven by rising overall input and raw material costs for manufacturers.
• Feedstock propylene prices marginally declined in North America during Q3 2025, offering some cost relief.
• Overall chemical demand in the US weakened in Q3 2025, with downstream coatings and adhesives showing subdued activity.
• Industrial production showed near-stagnant 0.1 percent YoY growth in September 2025, dampening industrial TPG Diacrylate demand.
• Strong retail sales, up 5.42 percent YoY in September 2025, supported TPG Diacrylate demand in consumer goods.
• Consumer confidence declined in September 2025, impacting discretionary spending, despite a 4.3 percent unemployment rate.
• Rising CPI of 3.0 percent in September 2025 suggests increased raw material and logistics costs for producers.
Why did the price of TPG Diacrylate change in September 2025 in North America?
• Rising input costs, with PPI up 2.6 percent in August 2025, pressured TPG Diacrylate prices.
• Weakened chemical demand and subdued downstream activity in Q3 2025 limited upward price movement.
• Ample Acrylic Acid inventories and elevated imports in Q3 2025 ensured stable TPG Diacrylate supply.
APAC
• In China, the TPG Diacrylate Price Index fell quarter-over-quarter in Q3 2025, influenced by producer price deflation.
• TPG Diacrylate production costs declined in Q3 2025 due to softened propylene feedstock and lower acrylic acid prices.
• Demand outlook for TPG Diacrylate was mixed, with consumer confidence at 89.6 in September 2025 indicating pessimism.
• Industrial Production increased 6.5% year-on-year in September 2025, supporting TPG Diacrylate manufacturing demand.
• Retail Sales grew 3.0% year-on-year in September 2025, boosting TPG Diacrylate demand in consumer goods coatings.
• The Manufacturing Index was Contracting in September 2025, suggesting reduced industrial activity and TPG Diacrylate demand.
• Global chemical overcapacity in Q3 2025 exerted downward pressure on TPG Diacrylate prices and market stability.
• New export orders for China's manufacturing sector strengthened in September 2025, offering some demand support.
• Unemployment rate stood at 5.2% in September 2025, signaling underlying economic caution impacting consumer spending.
Why did the price of TPG Diacrylate change in September 2025 in APAC?
• Producer Price Index fell 2.3% in September 2025, indicating industrial price deflation.
• Consumer Price Index decreased 0.3% in September 2025, reflecting subdued consumer demand.
• Propylene feedstock costs softened in Q3 2025, leading to declining upstream acrylic acid prices.
Europe
• In Germany, TPG Diacrylate Price Index fell in Q3 2025, due to subdued demand and lower producer prices.
• TPG Diacrylate production costs saw mixed trends, September 2025 producer prices down 1.7% offsetting high raw material costs.
• TPG Diacrylate demand remained subdued as Manufacturing Index contracted and September industrial production fell 1.0%.
• Persistent overcapacity in Europe intensified competitive pressure, impacting TPG Diacrylate sales prices.
• Manufacturing production declined slightly in Q3 2025; automotive output surged in September after August plunge.
• German chemical exports weakened, imports increased, and new tariffs impacted US business in July 2025.
• Elevated natural gas prices contributed to high energy costs in Germany in Q3 2025, despite government electricity tax cuts.
• The 2.4% CPI increase in September 2025 indicated rising inflation, impacting raw material costs and consumer purchasing.
• Retail sales rose 0.2% in September 2025; unemployment remained stable at 6.3%, indicating cautious consumer spending.
Why did the price of TPG Diacrylate change in September 2025 in Europe?
• Weak industrial demand, contracting Manufacturing Index, reduced TPG Diacrylate orders.
• Lower producer prices, down 1.7% in September, pressured TPG Diacrylate pricing.
• Persistent overcapacity intensified competitive pressure on TPG Diacrylate sales prices.
