Asia
Across Asia, prices moved lower during the third quarter of 2025. The market carried heavy inventories, and buying was slow as many users only purchased what they needed. Even though demand from key industrial sectors stayed steady, overall activity was not strong enough to absorb the large volume of material available in the region.
Softer raw-material costs also reduced cost support for producers, making it difficult to lift offers. Competitive quotations among suppliers, export softness, and periodic logistics delays added more pressure. As the quarter closed, the market maintained a weak tone, with suppliers adjusting operations to manage margins while buyers remained cautious.
Europe
In Europe, pricing remained subdued throughout Q3. End-use industries did not show meaningful improvement, and producers operated in a balanced but slow market environment. Supply was generally stable, though some feedstock-related limitations kept production from rising too quickly. Demand from industrial applications held steady but did not grow enough to create upward momentum.
With overall conditions calm and no major shifts in consumption or production, prices stayed mostly unchanged. Market participants maintained a wait-and-watch approach as they prepared for seasonal cost increases expected later in the year.
North America
In North America, prices moved higher during Q3 due to tight availability and stronger restocking by buyers. Lower regional supply, export interest, and inventory drawdowns supported the upward trend. Production costs also rose slightly because of higher feedstock expenses, reinforcing firm offer levels. Although demand was uneven across sectors, essential applications, especially in water treatment and mining, stayed active enough to keep the market supported. Logistics constraints and planned maintenance further restricted supply, strengthening the overall price direction.
Analyst Insight
Heading into late 2025, prices were expected to show mild movements, with seasonal demand and supply adjustments shaping short-term trends. Overall, the market was likely to stay steady with limited volatility.