For the Quarter Ending September 2025
North America
• In United States, the Trimellitic Anhydride (TMA) Price Index rose quarter-over-quarter in Q3 2025, due to elevated manufacturing input costs.
• TMA production costs trended upward, with manufacturing input prices remaining elevated in September 2025.
• TMA demand outlook was mixed, with robust retail sales contrasting sluggish industrial production in Q3 2025.
• Residential construction spending surged in August 2025, supporting TMA demand in related end-use applications.
• Henry Hub natural gas spot prices softened through August and September 2025, easing some energy cost pressures.
• Consumer confidence declined to 94.2 in September 2025, impacting demand for TMA in key downstream markets.
• Industrial production increased only 0.1% year-over-year in September 2025, reflecting minimal manufacturing sector expansion.
• The Trimellitic Anhydride (TMA) Price Index is forecast to remain stable, supported by sustained elevated input costs.
Why did the price of Trimellitic Anhydride (TMA) change in September 2025 in North America?
• Elevated manufacturing input prices in September 2025 increased Trimellitic Anhydride (TMA) production costs.
• Rising costs were evident from 2.6% YoY PPI (August 2025) and 3.0% CPI (September 2025).
• Robust retail sales (5.42% YoY September 2025) supported demand; industrial production (0.1% YoY) was sluggish.
APAC
• In China, the Trimellitic Anhydride (TMA) Price Index fell quarter-over-quarter in Q3 2025, driven by weak industrial demand and oversupply.
• The TMA Price Index was pressured by a -2.3% PPI decline in September 2025, reflecting weak factory gate prices.
• A contracting Manufacturing Index in September 2025 indicated reduced industrial activity, dampening overall TMA demand.
• Weak consumer demand, with a -0.3% CPI and 89.6 Consumer Confidence in September 2025, impacted TMA end-use products.
• Strong automotive demand, including surging new energy vehicle sales in Q3 2025, supported TMA plasticizer applications.
• Industrial production grew 6.5% and retail sales increased 3.0% in September 2025, offering some demand support.
• Global overcapacity and rising surplus chemical capacity in China tightened TMA market margins in Q3 2025.
Why did the price of Trimellitic Anhydride (TMA) change in September 2025 in APAC?
• Weak industrial demand, with a -2.3% PPI decline in September 2025, pressured Trimellitic Anhydride (TMA) prices.
• Global overcapacity and rising surplus chemical capacity in China tightened Trimellitic Anhydride (TMA) market margins.
• A contracting Manufacturing Index and -0.3% CPI in September 2025 signaled reduced demand for TMA end products.
Europe
• In Germany, the Trimellitic Anhydride (TMA) Price Index fell quarter-over-quarter in Q3 2025, driven by contracting industrial activity.
• Trimellitic Anhydride (TMA) production costs faced upward pressure from strengthening naphtha feedstock costs in Q3 2025.
• The Manufacturing Index contracted in Q3 2025, signaling weak Trimellitic Anhydride (TMA) demand from industrial sectors.
• Industrial production decreased by 1.0% in September 2025, directly reducing Trimellitic Anhydride (TMA) consumption.
• German chemical production slumped in Q3 2025, leading to low capacity utilization for Trimellitic Anhydride (TMA).
• Regional Trimellitic Anhydride (TMA) supply tightened in Q3 2025 due to ongoing plant closures and production shifts abroad.
• CPI rose 2.4% in September 2025, increasing operational costs, while PPI fell 1.7%, offering Trimellitic Anhydride (TMA) cost relief.
• Stable 6.3% unemployment and 0.2% retail sales growth in September 2025 indicated mixed consumer demand for Trimellitic Anhydride (TMA).
Why did the price of Trimellitic Anhydride (TMA) change in September 2025 in Europe?
• Industrial production declined by 1.0% in September 2025, significantly reducing Trimellitic Anhydride (TMA) demand.
• The Manufacturing Index contracted in Q3 2025, indicating a broad slowdown in industrial activity for Trimellitic Anhydride (TMA).
• Naphtha feedstock costs strengthened in Q3 2025, exerting upward pressure on Trimellitic Anhydride (TMA) production expenses.
