March 2025 witnessed a significant price elevation in Chinese Panthenol markets as industrial output remained robust and supply became restricted in the market. Multiple factors including constant downstream market demand and increasing manufacturing expenses together with delivery complications leading to material shortages resulted in the price hike. Cost pressures persisting among manufacturers after consumer-level inflation eased caused manufacturers to maintain their elevated operational costs contributing to the monthly price trends.

• Panthenol prices in China rose in March 2025 due to tight supply and strong industrial demand.
• Accelerated buying from international markets ahead of US tariffs strained domestic inventories.
• China’s PMI reached a 12-month high, reflecting robust manufacturing and increased demand for Panthenol.
• Despite lower consumer inflation, producers faced high input and operational costs, increased the price for Panthenol.
• Panthenol prices are expected to soften in April amid trade uncertainty and reduced overseas demand.

According to Industry Experts, the domestic Panthenol market experienced upward pricing momentum due to a confluence of supply-side constraints and intensified procurement activity from international buyers. In anticipation of newly imposed US tariffs on Chinese exports, many overseas customers accelerated their purchases, placing additional pressure on already limited inventories. This precautionary buying behavior, aimed at mitigating potential trade disruptions, contributed significantly to supply tightness in the Chinese market.

Analysts further noted that China’s official Purchasing Managers Index (PMI) rose to 50.5 in March, marking the highest level in the past twelve months and indicating strong manufacturing expansion. This uptick in industrial activity drove increased consumption of essential raw materials, including Panthenol, particularly within the skincare and haircare segments. The resulting demand surge contributed to upward price momentum during the month. Meanwhile, although the Consumer Price Index (CPI) recorded a marginal decline suggesting easing inflation at the consumer level, upstream costs remained elevated due to persistent energy and operational expenses. These conditions further reinforced the rise in Panthenol prices.

However, Market sentiment shows signs of evolving toward an opposite direction. The market forecast for April shows decreasing optimism due to rising geopolitical tensions along with the expanding U.S. tariffs on imported Chinese goods. Enhanced market challenges will hit Chinese exporters while disrupting their supply chains and reducing international market demand. The bulk ordering adopted in March may lead to short-term reduced purchasing levels that could weaken current price stability.

The combination of market elements indicates that Panthenol prices in China will experience downward pressure throughout upcoming weeks in April. The solid market fundamentals from March are expected to be followed by reduced overseas buying and increased trade uncertainty which will limit price growth and possibly lead to market correction in April.