For the Quarter Ending September 2025
North America
• In the United States, the Trimer Acid Price Index rose quarter-over-quarter in Q3 2025, driven by increased production costs.
• Trimer Acid production costs increased due to a 2.6% rise in the Producer Price Index in August 2025.
• US tariffs on tall oil derivatives and elevated Tall Oil Fatty Acid feedstock costs raised Trimer Acid prices.
• A 3.0% CPI increase in September 2025 indicated rising raw material costs for Trimer Acid production.
• Demand for Trimer Acid supported by a 5.42% year-over-year increase in retail sales in September 2025.
• A 4.3% unemployment rate in September 2025 supported economic activity, positively influencing Trimer Acid demand.
• Industrial production grew only 0.1% in September 2025, limiting expansion in Trimer Acid's industrial markets.
• Declining consumer confidence in September 2025 signaled potential slowdowns in consumer-driven Trimer Acid markets.
• Chemical manufacturers' inventories shrank in Q3 2025 due to accelerating destocking, impacting Trimer Acid supply.
Why did the price of Trimer Acid change in September 2025 in North America?
• Production costs rose from a 2.6% Producer Price Index increase in August 2025.
• US tariffs on imported tall oil derivatives elevated Trimer Acid formulator costs.
• Chemical manufacturers' inventories shrank in Q3 2025, indicating tighter supply.
APAC
• In China, the Trimer Acid Price Index fell quarter-over-quarter in Q3 2025, influenced by contracting manufacturing activity in September 2025.
• Trimer Acid production costs faced upward pressure from key raw material increases in August 2025, despite anticipated oleochemical price relief.
• Demand for Trimer Acid was supported by robust industrial production growth of 6.5% in September 2025.
• The Trimer Acid demand outlook was challenged by a low consumer confidence index of 89.6 in September 2025.
• China's chemical industry experienced persistent overcapacity, impacting Trimer Acid market balance throughout Q3 2025.
• Deflationary CPI of -0.3% in September 2025 suggested weak overall consumer demand for Trimer Acid end-products.
• Weak industrial demand, reflected by a PPI decline of -2.3% in September 2025, pressured Trimer Acid pricing.
• Despite 3.0% retail sales growth in September 2025, a 5.2% unemployment rate suggested a cautious economic environment.
Why did the price of Trimer Acid change in September 2025 in APAC?
• Contracting manufacturing activity in September 2025 reduced industrial demand for Trimer Acid.
• Persistent overcapacity in China's chemical industry exerted downward pressure on Trimer Acid prices.
• Increased key raw material costs in August 2025 provided some upward pressure on Trimer Acid production costs.
Europe
• In Germany, the Trimer Acid Price Index fell quarter-over-quarter in Q3 2025, driven by contracting industrial activity.
• Trimer Acid production costs were mixed in Q3 2025, with firm TOFA and elevated European natural gas prices.
• Demand for Trimer Acid remained subdued in Q3 2025, as Germany's Manufacturing Index contracted.
• The Trimer Acid price forecast indicates continued pressure from weak industrial demand and high inventory levels.
• Germany's industrial production declined 1.0% year-over-year in September 2025, reducing Trimer Acid consumption.
• Producer prices decreased 1.7% year-over-year in September 2025, primarily due to lower energy costs.
• Elevated inventory levels in the German chemical sector during Q3 2025 reflected weak domestic and export orders.
• Retail sales increased 0.2% year-over-year in September 2025, offering modest support for consumer-related demand.
Why did the price of Trimer Acid change in September 2025 in Europe?
• Industrial production declined 1.0% YoY in September 2025, significantly reducing Trimer Acid demand.
• Producer prices decreased 1.7% YoY in September 2025, mainly due to lower energy costs.
• Elevated Q3 2025 inventory levels and weak orders exerted downward pressure on Trimer Acid prices.
