For the Quarter Ending September 2025
North America
• In the United States, the Triacetin Price Index rose quarter-over-quarter in Q3 2025, driven by increased production costs.
• Production costs for Triacetin increased, with CPI up 3.0% in September 2025 and PPI up 2.6% in August 2025.
• Industrial demand for Triacetin faced headwinds; industrial production rose only 0.1% year-over-year in September 2025.
• Consumer demand was supported by 5.42% retail sales growth and a 4.3% unemployment rate in September 2025.
• Acetic acid feedstock costs faced upward pressure; regional supply tightened due to operational constraints in Q3 2025.
• Industry chemical inventories contracted in Q3 2025 due to accelerating destocking, impacting overall supply.
• Overall foreign orders for chemicals decreased in Q3 2025; tariff uncertainty continued to disrupt trade flows.
• Manufacturing output experienced slight fluctuations in Q3 2025, with a July dip and modest August rise.
Why did the price of Triacetin change in September 2025 in North America?
• Rising production costs, including 3.0% CPI in September 2025 and 2.6% PPI in August 2025, drove prices.
• Acetic acid feedstock costs increased, and regional supply tightened, contributing to higher Triacetin prices.
• Mixed demand signals, with weak industrial output but strong retail sales, influenced Triacetin price changes.
APAC
• In China, the Triacetin Price Index fell quarter-over-quarter in Q3 2025, influenced by deflationary pressures and cautious consumer sentiment.
• Triacetin production costs were mixed; glycerol feedstock surged, while acetic acid costs declined then inched up in Q3 2025.
• Overall Triacetin demand outlook was mixed, with industrial production up 6.5% in September 2025, but CPI at -0.3% and PPI at -2.3%.
• Manufacturing demand strengthened in September 2025, despite the Manufacturing Index contracting in July.
• Consumer confidence remained pessimistic at 89.6 in September 2025, dampening Triacetin demand in consumer-facing applications.
• Retail sales grew 3.0% in September 2025, supporting Triacetin demand in food additives and packaging.
• Pharmaceutical sector demand thrived in Q3 2025, with exports climbing significantly, boosting Triacetin use.
• Finished goods inventories rose in September 2025 as production increased, aiming to rebuild stock levels.
Why did the price of Triacetin change in September 2025 in APAC?
• Deflationary pressures, with CPI at -0.3% and PPI at -2.3% in September 2025, exerted downward price pressure.
• Surging glycerol feedstock costs in Q3 2025 provided upward pressure, while acetic acid costs showed moderate decline.
• Weak consumer confidence (89.6 in September 2025) and a 5.2% unemployment rate dampened demand.
Europe
• In Germany, the Triacetin Price Index fell quarter-over-quarter in Q3 2025, driven by contracting industrial production and weak chemical demand.
• Triacetin production costs faced upward pressure from surging glycerol feedstock costs in early Q3 2025.
• Producer prices of industrial products declined by 1.7% in September 2025, primarily due to lower energy prices.
• Industrial production decreased by 1.0% in September 2025, significantly subduing Triacetin demand in industrial applications.
• The Manufacturing Index trended contracting in Q3 2025, indicating reduced new orders for industrial chemicals.
• Retail sales rose modestly by 0.2% in September 2025, while a 2.4% CPI increase eroded consumer purchasing power.
• Germany's unemployment rate remained stable at 6.3% in September 2025, suggesting consistent but not robust consumer spending.
• Glycerol stock levels tightened in Germany in early Q3 2025, contributing to Triacetin supply constraints.
• The Triacetin price forecast suggests continued downward pressure due to persistent weak German chemical export orders.
Why did the price of Triacetin change in September 2025 in Europe?
• Industrial production declined by 1.0% in September 2025, reducing overall Triacetin demand.
• Producer prices fell 1.7% in September 2025 due to lower energy costs, easing production expenses.
• Surging glycerol feedstock costs in early Q3 2025 exerted upward pressure on Triacetin manufacturing costs.
