For the Quarter Ending September 2025
North America
• In United States, the Zinc Pyrithione Price Index rose quarter-over-quarter in Q3 2025, driven by rising production costs.
• Production costs increased due to a 3.0% CPI rise in September 2025 and a 2.6% PPI increase in August 2025.
• Naphtha feedstock costs in North America inched up in September 2025, raising Zinc Pyrithione manufacturing expenses.
• Zinc metal prices experienced downward pressure through Q3 2025, partially mitigating overall cost increases.
• Zinc Pyrithione demand outlook was bullish for personal care, supported by 5.42% retail sales growth in September 2025.
• Industrial demand for Zinc Pyrithione was bearish, with industrial production up only 0.1% in September 2025.
• Consumer confidence declined in September 2025, indicating potential future headwinds for discretionary personal care spending.
• Finished goods inventories for chemicals continued to draw down in Q3 2025, suggesting balanced supply.
Why did the price of Zinc Pyrithione change in September 2025 in North America?
• Rising input costs, including a 2.6% PPI increase in August 2025, pressured Zinc Pyrithione prices upward.
• Naphtha feedstock costs in North America inched up in September 2025, directly impacting production expenses.
• Strong personal care market demand, evidenced by 5.42% retail sales growth in September 2025, supported price increases.
APAC
• In China, the Zinc Pyrithione Price Index fell quarter-over-quarter, driven by deflationary pressures and increased supply.
• Zinc Pyrithione production costs trended lower in Q3 2025 due to declining pyridine feedstock prices.
• Demand faced headwinds from negative CPI (-0.3% in September 2025) and low consumer confidence (89.6 in September 2025).
• Despite robust industrial production (6.5% YoY in September 2025), the Manufacturing Index contracted in September 2025.
• Retail sales grew 3.0% YoY in September 2025, supporting personal care demand, but consumers prioritized value.
• Increased zinc concentrate and social inventories in August 2025 indicated ample raw material availability.
• China's increased pyridine production and global chemical overcapacity contributed to downward price pressure.
• The Zinc Pyrithione Price Index forecast suggests continued stability or slight decline from oversupply.
• Trade flows showed increased exports of pyridine salts in August 2025, widening the price differential.
Why did the price of Zinc Pyrithione change in September 2025 in APAC?
• Deflationary CPI (-0.3% in September 2025) reduced consumer purchasing power, impacting personal care demand.
• Declining PPI (-2.3% in September 2025) and increased zinc inventories signaled weak industrial demand.
• Lower pyridine feedstock costs in Q3 2025 and increased domestic production eased cost pressures.
Europe
• In Germany, the Zinc Pyrithione Price Index fell in Q3 2025, driven by weak industrial demand and market overcapacity.
• Zinc Pyrithione production costs faced pressure from high operating costs, despite a 1.7% PPI decrease in September 2025.
• The Manufacturing Index contracted in Q3 2025, signaling reduced industrial activity and lower Zinc Pyrithione demand.
• Industrial production declined by 1.0% in September 2025, negatively impacting Zinc Pyrithione demand in industrial applications.
• Personal care demand for Zinc Pyrithione remained stable, supported by a 0.2% retail sales rise in September 2025.
• A stable unemployment rate of 6.3% in September 2025 underpinned consistent consumer spending for personal care items.
• Overcapacity in European chemical markets in Q3 2025 contributed to downward pressure on Zinc Pyrithione prices.
• The European Commission proposed an action plan in July 2025 to address unfair global competition in the chemical industry.
Why did the price of Zinc Pyrithione change in September 2025 in Europe?
• Industrial production declined by 1.0% in September 2025, reducing demand for Zinc Pyrithione.
• Producer prices decreased by 1.7% in September 2025, easing some production cost pressures.
• Overcapacity in European chemical markets in Q3 2025 exerted downward pressure on prices.