For the Quarter Ending September 2025
North America
• In United States, the Tributyl Phosphate Price Index rose quarter-over-quarter, driven by persistent inflationary pressures on production costs.
• Production costs increased due to a 3.0% year-over-year CPI rise in September 2025 and 2.6% PPI increase in August 2025.
• Natural gas prices showed an upward trend towards Q3 2025 end, elevating energy, and feedstock expenses for Tributyl Phosphate.
• Tributyl Phosphate demand outlook was mixed; retail sales rose 5.42% in September 2025, but consumer confidence declined to 94.2.
• Overall chemical demand in North America remained subdued in Q3 2025, with n-butanol demand softening in key downstream sectors.
• Industrial production saw a modest 0.1% year-over-year increase in September 2025, indicating near stagnation in manufacturing activity.
• Elevated n-butanol domestic inventories in September 2025 and weakened export inquiries impacted supply dynamics.
• Phosphoric acid production costs remained neutral in Q3 2025 due to stable sulfur and energy inputs.
Why did the price of Tributyl Phosphate change in September 2025 in North America?
• Rising CPI (3.0% YoY, September 2025) and PPI (2.6% YoY, August 2025) increased raw material and energy expenses.
• An upward trend in natural gas prices towards Q3 2025 end elevated overall production costs.
• Subdued overall chemical demand and declining consumer confidence (94.2 index) exerted downward price pressure.
APAC
• In China, the Tributyl Phosphate Price Index fell quarter-over-quarter in Q3 2025, influenced by deflationary pressures and contracting manufacturing.
• Tributyl Phosphate production costs eased in Q3 2025, driven by declining n-Butanol feedstock and lower phosphoric acid prices.
• Demand for Tributyl Phosphate showed mixed trends in Q3 2025, with strong automotive growth offsetting subdued new orders.
• Elevated chemical inventories and ample supply from capacity additions contributed to persistent market oversupply in Q3 2025.
• China's Manufacturing Index was contracting in September 2025, signaling reduced industrial output and dampening TBP demand.
• Industrial Production increased 6.5% year-on-year in September 2025, providing positive impetus for TBP consumption.
• CPI fell 0.3% and PPI declined 2.3% year-on-year in September 2025, indicating broad deflationary pressures.
• The Tributyl Phosphate price forecast suggests stability or slight declines, given prevailing oversupply and eased production costs.
Why did the price of Tributyl Phosphate change in September 2025 in APAC?
• Deflationary pressures, with CPI falling 0.3% and PPI declining 2.3% in September 2025, reduced overall demand.
• Contracting manufacturing activity in September 2025, alongside elevated chemical inventories, contributed to oversupply.
• Eased n-Butanol feedstock costs and dipping phosphoric acid prices in Q3 2025 lowered production expenses.
Europe
• In Germany, the Tributyl Phosphate Price Index fell quarter-over-quarter in Q3 2025, driven by weak industrial demand.
• Tributyl Phosphate production costs faced upward pressure from N-butanol feedstock and elevated energy costs in Q3 2025.
• Producer prices for industrial products declined 1.7% year-over-year in September 2025, mainly due to lower energy prices.
• Germany's Manufacturing Index indicated contracting activity in Q3 2025, reducing demand for industrial chemicals.
• Industrial production decreased 1.0% year-over-year in September 2025, impacting Tributyl Phosphate consumption.
• Export demand for German chemical products, including Tributyl Phosphate, experienced a decline in Q3 2025.
• The backlog of orders in the chemical industry reached a low point in July 2025, reflecting subdued market activity.
• Consumer Price Index rose 2.4% year-over-year in September 2025, increasing overall production costs for TBP.
• Construction sector activity declined in Q3 2025, negatively affecting Tributyl Phosphate demand in related applications.
Why did the price of Tributyl Phosphate change in September 2025 in Europe?
• Weak industrial production, contracting 1.0% in September 2025, significantly reduced Tributyl Phosphate demand.
• Elevated N-butanol feedstock and energy costs in Q3 2025 exerted upward pressure on Tributyl Phosphate expenses.
• Declining export demand and US tariffs in July 2025 further dampened the overall market for Tributyl Phosphate.
