For the Quarter Ending March 2026
Urea Resin Prices in North America
- In United States, the Urea Resin Price Index rose quarter-over-quarter in Q1 2026, driven by surging feedstock costs.
- During March 2026, consumer inflation reached 3.3% year-over-year, while producer prices increased 4.0%, elevating Urea Resin Production Cost Trend.
- The Manufacturing Index expanded in March 2026, alongside a 0.7% year-over-year industrial production increase, supporting industrial adhesive consumption.
- Retail sales grew 4.0% year-over-year in March 2026, while a stable 4.3% unemployment rate supported the Urea Resin Demand Outlook.
- Consumer confidence hit 91.8 in March 2026, as total housing starts surged during January 2026, boosting multifamily construction.
- Urea Resin Production Cost Trend escalated in Q1 2026 as ammonia, methanol, and formaldehyde feedstock costs spiked significantly.
- United States natural gas spot prices spiked in January 2026 before plummeting in February 2026 amid extreme winter weather.
- The Urea Resin Price Forecast indicated upward pressure throughout Q1 2026 due to tightened global ammonia inventories and supply.
Why did the price of Urea Resin change in March 2026 in North America?
- Methanol and formaldehyde feedstock costs spiked in March 2026 following severe global supply chain bottlenecks.
- Producer prices increased 4.0% year-over-year in March 2026, forcing manufacturers to pass on elevated costs.
- Global ammonia supply tightened significantly in Q1 2026 following geopolitical disruptions to major shipping corridors.
Urea Resin Prices in APAC
- In China, the Urea Resin Price Index fell quarter-over-quarter in Q1 2026, driven by plummeting real estate investments.
- During March 2026, retail sales grew only 1.7% and CPI rose 1.0%, softening Urea Resin Demand Outlook.
- In February 2026, consumer confidence hit 91.6, while March 2026 unemployment reached 5.4%, reducing furniture resin demand.
- The Urea Resin Production Cost Trend stabilized in March 2026 as PPI increased by 0.5% year-over-year.
- In March 2026, industrial production grew 5.7% and the Manufacturing Index expanded, supporting industrial resin applications.
- New construction projects contracted significantly in Q1 2026, severely dampening the overall Urea Resin Demand Outlook.
- Domestic urea feedstock costs stabilized in Q1 2026 because producers prioritized local supply under government quotas.
- Global methanol supply tightened in Q1 2026 due to Middle East conflicts, impacting Asian trade flows.
- The Urea Resin Price Forecast remained subdued in Q1 2026 as domestic coal production stabilized energy supplies.
Why did the price of Urea Resin change in March 2026 in APAC?
- Real estate investment plummeted in Q1 2026, severely reducing Urea Resin consumption in construction materials.
- Domestic urea feedstock costs stabilized in Q1 2026 as producers maintained strict government supply obligations.
- Sluggish retail sales in March 2026 weakened downstream demand for Urea Resin in furniture manufacturing.
Urea Resin Prices in Europe
- In Germany, the Urea Resin Price Index rose quarter-over-quarter in Q1 2026, driven by surging natural gas costs.
- The Urea Resin Production Cost Trend increased as 2.7% inflation in March 2026 elevated upstream natural gas expenses.
- Despite a -0.2% producer price decline in March 2026, energy-driven industrial chemical costs surged for Urea Resin production.
- The Manufacturing Index expanded in March 2026, supporting the Urea Resin Demand Outlook for downstream wood and cork products.
- Stagnant 0.0% industrial production in February 2026 reflected flat baseline demand for Urea Resin manufacturing materials across sectors.
- Modest 0.7% retail sales growth in February 2026 sustained steady Urea Resin consumption in residential flat-pack furniture applications.
- A stable 4.2% unemployment rate in February 2026 supported household income, sustaining baseline Urea Resin demand for renovations.
- Deeply negative consumer confidence at -24.7 in March 2026 negatively impacted the Urea Resin Price Forecast and demand.
Why did the price of Urea Resin change in March 2026 in Europe?
- Natural gas feedstock costs skyrocketed in late February 2026, significantly elevating regional Urea Resin production expenses.
- Construction new building orders strengthened in February 2026, driving higher consumption of Urea Resin wood adhesives.
- Energy-intensive chemical output contracted in January 2026, tightening the regional Urea Resin material supply availability.
For the Quarter Ending December 2025
Urea Resin Prices in North America
- In the United States, the Urea Resin Price Index rose quarter-over-quarter in Q4 2025, driven by increasing production costs.
- Urea Resin production costs increased in Q4 2025, influenced by a 3.0% year-over-year rise in PPI in November 2025.
- Demand for Urea Resin saw an uptick in December 2025, supported by a 2.0% year-over-year increase in industrial production.
- Natural gas prices, a key feedstock for ammonia, strengthened in late November and early December 2025 due to a polar vortex event.
- Global ammonia supply limitations persisted in Q4 2025, contributing to upward pressure on Urea Resin feedstock costs.
- Overall construction spending in the United States inched up in October 2025, primarily driven by private residential construction.
- Retail sales in November 2025 increased by 3.3% year-over-year, indirectly boosting demand for Urea Resin end-products.
- The Urea Resin Price Index faced upward pressure from a 2.7% year-over-year CPI increase in December 2025, reflecting broader inflation.
Why did the price of Urea Resin change in December 2025 in North America?
- Production costs increased due to strengthening natural gas prices in late November and early December 2025.
- Higher input costs for producers were indicated by a 3.0% year-over-year PPI rise in November 2025.
- Demand was supported by a 2.0% year-over-year increase in industrial production in December 2025.
Urea Resin Prices in APAC
- In China, the Urea Resin Price Index rose quarter-over-quarter in Q4 2025, influenced by strengthening feedstock urea prices.
- Urea Resin production costs increased in Q4 2025, driven by strengthening natural gas and rising thermal coal costs in November 2025.
- Urea Resin demand outlook strengthened in Q4 2025, supported by accelerating industrial output in December 2025 and rebounding infrastructure investment.
- National urea inventories declined in November 2025, influenced by active export activity and growing foreign inquiries during Q4 2025.
- China's urea export quota system, with the fourth round issued in November 2025, significantly influenced market prices.
- Weak consumer demand, with 0.8% CPI and 0.9% retail sales growth year-on-year in December 2025, tempered overall market sentiment.
- Producer prices declined by 1.9% year-on-year in December 2025, reflecting deflationary pressures at the manufacturing level.
- Manufacturing activity expanded in December 2025, with industrial production increasing 5.2% year-on-year, supporting industrial input demand.
Why did the price of Urea Resin change in December 2025 in APAC?
- Feedstock urea prices rose due to declining national inventories and strong export activity in November 2025.
- Industrial production increased 5.2% year-on-year in December 2025, boosting demand for industrial inputs.
- Weak consumer demand, with 0.8% CPI and 0.9% retail sales growth in December 2025, tempered demand.
Urea Resin Prices in Europe
- In Germany, the Urea Resin Price Index fell in Q4 2025, influenced by a contracting Manufacturing Index in December 2025.
- Urea Resin production costs declined in Q4 2025 as European natural gas prices fell sharply in November and December 2025.
- Growing particle board and MDF consumption from the furniture sector supported Urea Resin demand in Q4 2025.
- The Manufacturing Index contracted in December 2025, indicating a slowdown in industrial activity, impacting Urea Resin demand.
- Industrial production in Germany grew by 0.8% year-over-year in October 2025, offering mild support for Urea Resin demand.
- Retail sales increased by 1.1% year-over-year in November 2025, mildly boosting consumer demand for Urea Resin end-products.
- Consumer confidence remained significantly negative at -17.5 index in December 2025, restraining overall Urea Resin demand.
- Global ammonia market experienced supply tightness in Q4 2025 due to plant outages, impacting Urea Resin feedstock costs.
Why did the price of Urea Resin change in December 2025 in Europe?
- European natural gas prices declined sharply in November and December 2025, reducing Urea Resin production costs.
- The Manufacturing Index contracted in December 2025, signaling weaker industrial demand for Urea Resin in Europe.
- A negative PPI of -2.5% year-over-year in December 2025 indicated deflationary pressure on industrial goods.
For the Quarter Ending September 2025
Urea Resin Prices in North America
- In the United States, the Urea Resin Price Index fell quarter-over-quarter in Q3 2025, driven by oversupply and weakened chemical demand.
- Urea Resin production costs rose in Q3 2025, influenced by a 2.6 percent Producer Price Index increase in August 2025.
- Demand for Urea Resin faced headwinds in Q3 2025 due to sluggish building activities and 0.1 percent industrial production growth.
- The Urea Resin demand outlook was mixed, with declining consumer confidence in September 2025 contrasting with robust retail sales.
- Oversupply of urea and ammonia in early August 2025 contributed to demand weakness and downward price pressure.
- Ammonia prices rose sharply in late August 2025, and US methanol prices surged, significantly impacting Urea Resin feedstock costs.
- Trade flows were disrupted in Q3 2025 by US tariffs and geopolitical tensions, creating supply chain pressures.
- The 3.0 percent Consumer Price Index increase in September 2025 indicated persistent inflation, affecting raw material and transportation costs.
Why did the price of Urea Resin change in September 2025 in North America?
- Oversupply of urea and ammonia in early August 2025 contributed to downward price pressure.
- Weakened overall chemical demand in Q3 2025, alongside sluggish construction activities, reduced consumption.
- Rising feedstock costs, like surging methanol prices in August 2025, exerted upward pressure on production expenses.
Urea Resin Prices in APAC
- In China, the Urea Resin Price Index fell quarter-over-quarter in Q3 2025, influenced by contracting manufacturing activity.
- Urea Resin production costs declined in Q3 2025, as coal prices for urea feedstock softened from July to September 2025.
- Methanol prices experienced a gradual decline throughout Q3 2025, easing costs for formaldehyde, a key Urea Resin component.
- Domestic demand remained soft in Q3 2025, with CPI at -0.3% and PPI at -2.3% year-on-year in September 2025.
- Industrial production increased 6.5% year-on-year in September 2025, yet the Manufacturing Index was contracting.
- Consumer confidence at 89.6 and retail sales growth of 3.0% in September 2025 offered mixed signals for demand.
- Unemployment rate at 5.2% in September 2025 indicated a stable labor market, indirectly supporting consumer spending.
- China's urea export volumes surged in Q3 2025, driven by global demand, influencing domestic supply dynamics.
Why did the price of Urea Resin change in September 2025 in APAC?
- Contracting Manufacturing Index in September 2025 signaled reduced industrial activity, lowering Urea Resin demand.
- Urea feedstock (coal) costs softened from July to September 2025, decreasing Urea Resin production expenses.
- Weak industrial demand, evidenced by PPI falling -2.3% year-on-year, exerted downward price pressure.
Urea Resin Prices in Europe
- In Germany, the Urea Resin Price Index fell quarter-over-quarter in Q3 2025, driven by weak demand and lower feedstock costs.
- Urea Resin production costs declined in Q3 2025, influenced by a 1.7% PPI y-o-y decrease in September 2025.
- The Urea Resin demand outlook weakened as the Manufacturing Index contracted in September 2025.
- Industrial Production declined by 1.0% y-o-y in September 2025, impacting Urea Resin demand in manufacturing.
- European natural gas feedstock costs weakened in July 2025, then fluctuated before stabilizing in September 2025.
- Consumer confidence was significantly negative (-23.6 index) in September 2025, dampening demand for end-use products.
- European urea prices were pulled downward throughout Q3 2025 due to muted demand and increased imports.
- Elevated European energy costs and a 2.4% CPI y-o-y in September 2025 indicated inflationary pressures.
Why did the price of Urea Resin change in September 2025 in Europe?
- Contracting Manufacturing Index and declining Industrial Production in September 2025 reduced Urea Resin demand.
- A 1.7% PPI y-o-y decline in September 2025 lowered Urea Resin production costs.
- Increased European urea imports from North Africa and Middle East in Q3 2025 pressured prices downward.
