For the Quarter Ending December 2025
North America
• In USA, the Aspirin Price Index rose by 0.79% quarter-over-quarter, driven by tighter effective imports.
• The average Aspirin price for the quarter was approximately USD 2579.33/MT, reflecting sustained importer demand.
• Aspirin Spot Price stayed firm as Chinese, Indian FOB offers rose amid intensified compliance scrutiny.
• Aspirin Price Forecast indicates modest gains as restocking supports prices, tempered by steady inventories nationally.
• Aspirin Production Cost Trend shows slight upward pressure from higher precursor and compliance-related manufacturing expenses.
• Aspirin Demand Outlook remains seasonally strong with pharmacy restocking and stable cardiovascular usage supporting volumes.
• Aspirin Price Index rose as front-loaded buying and Asian offer adjustments pushed CFR levels higher.
• Inventory levels remained adequate overall, but cautious exporter allocations and maintenance reduced immediate spot availability.
Why did the price of Aspirin change in December 2025 in North America?
• Tighter Asian export offers and intensified GMP audits increased FOB costs, transmitting U.S. CFR values.
• Freight charges stayed neutral; marginal Asian upstream cost increases, not logistics, drove December price rise.
• Domestic restocking of contract resets and seasonal OTC demand increased importer purchases, supporting December momentum.
APAC
• In China, the Aspirin Price Index rose by 0.26% quarter-over-quarter in Q4 2025, after inspections.
• The average Aspirin price for the quarter was approximately USD 2446.67/MT reflecting modest cost inflation.
• Aspirin Production Cost Trend rose as utility costs and intermittent power curtailments elevated acetylation expenses.
• Aspirin Spot Price remained supported as exporters filled bookings ahead of winter demand, logistics disruptions.
• Aspirin Demand Outlook stays stable with hospital procurement and seasonal OTC purchases maintaining API off-take.
• Aspirin Price Forecast suggests upside into early 2026 if inspections ease and post-holiday production ramps.
• Low inventories and export demand kept discipline, supporting the Aspirin Price Index overall firmer pricing.
Why did the price of Aspirin change in December 2025 in APAC?
• Short environmental audits temporarily removed capacity in coastal plants, tightening spot availability and raising quotations.
• Seasonal OTC and hospital procurement ahead of winter absorbed cargoes, preventing inventory build-up among traders.
• Stable feedstock but higher utilities and logistics premiums nudged operating costs, supporting upward price pressure.
Europe
• In Germany, the Aspirin Price Index rose by 0.06% quarter-over-quarter, driven by tighter import availability.
• The average Aspirin price for the quarter was approximately USD 2520.00/MT, per importer CFR assessments.
• Aspirin Spot Price firmed as import offers tightened, reducing available volumes and lifting Price Index.
• Aspirin Price Forecast suggests modest gains into early 2026 supported by seasonality and freight normalization.
• Aspirin Production Cost Trend shows upward pressure from salicylic acid and acetic anhydride cost increases.
• Aspirin Demand Outlook remains firm with formulators and wholesalers restocking ahead of winter respiratory season.
• Inventory drawdowns and elevated import parity tightened export availability, keeping the Aspirin Price Index high.
• Regional manufacturers prioritized captive volumes, limiting market relief and supporting the firm Aspirin Spot Price.
Why did the price of Aspirin change in December 2025 in Europe?
• Tightened import allocations from China and India reduced spot availability, heightening landed CFR urgency perceptions.
• Freight normalization and seasonal surcharges raised landed costs, prompting buyers to accelerate purchases rebuild inventories.
• Domestic restocking and holiday production slowdowns tightened the immediate supply-demand balance, supporting higher Aspirin prices.
For the Quarter Ending September 2025
North America
• In USA, the Aspirin Price Index fell by 0.428% quarter-over-quarter, reflecting mild frontloading and cost pressures.
• The average Aspirin price for the quarter was approximately USD 2559.00/MT, reported across CFR Los Angeles shipments.
• Aspirin Spot Price softened in August as imports slowed and distributors reduced restocking to digest recent surges.
• Aspirin Price Forecast indicates mild recovery into Q4 driven by restocking and constrained logistics, per market consensus.
• Aspirin Production Cost Trend shows inflation-linked input increases, pressuring margins and supporting modest seller pricing discipline.
• Aspirin Demand Outlook remains steady domestically, but anticipatory buying and tariff uncertainty will create demand timing shifts.
• Aspirin Price Index volatility moderated as inventories stabilized, though export enquiries intermittently tightened availability for specific lots.
• Major US suppliers maintained allocations; port congestion eased, supporting smoother flows but preserving cautious seller allocation strategies.
Why did the price of Aspirin change in September 2025 in North America?
• Reduced import activity post-frontloading lowered immediate demand, easing spot upward pressure on domestic pricing levels.
• Logistics stability decreased freight and handling costs, allowing suppliers offer moderated prices to clear inventory.
• Tariff uncertainty prompted earlier frontloading, then demand lull in September as buyers paused further purchasing.
APAC
• In China, the Aspirin Price Index fell by 0.80% quarter-over-quarter, reflecting subdued export demand pressures.
• The average Aspirin price for the quarter was approximately USD 2440.33/MT, reported FOB Shanghai levels.
• Aspirin Spot Price softened as frontloaded shipments left elevated inventories, dampening buyer urgency and activity.
• Aspirin Price Forecast suggests recovery in Q4 as restocking resumes and seasonal export demand strengthens.
• Aspirin Production Cost Trend rose due to higher freight, weather disruptions, and constrained feedstock availability.
• Aspirin Demand Outlook indicates cautious buying as buyers pace orders ahead of tariff suspension expiry.
• Aspirin Price Index remains rangebound as manufacturers maintain moderate capacity, avoiding speculative production increases later.
• Export demand tightened earlier then softened, with inventories stabilizing, supporting only limited upward price momentum.
Why did the price of Aspirin change in September 2025 in APAC?
• Frontloaded shipments earlier in summer created inventory overhang, reducing urgent buying and softening export prices.
• Shipping disruptions and slow port recoveries increased lead times, discouraging orders and pressuring seller margins.
• Higher freight and seasonal weather-driven production constraints elevated production costs, prompting price adjustments by exporters.
Europe
• In Germany, the Aspirin Price Index fell by 0.853% quarter-over-quarter, reflecting shipping congestion and restocking.
• The average Aspirin price for the quarter was approximately USD 2518.33/MT across CFR Hamburg shipments.
• Aspirin Spot Price volatility eased as port congestion caused uneven arrivals and localized premium bids.
• Aspirin Price Forecast anticipates modest Q4 recovery as carriers normalize schedules and inventories slowly stabilize.
• Aspirin Production Cost Trend shows higher freight and inland transport raising landed costs for distributors.
• Aspirin Demand Outlook remains steady; buyers pause after frontloading, then cautiously resume routine replenishment activities.
• Aspirin Price Index movements reflected inventory digestion, selective export enquiries and suppliers' cautious allocation practices.
• Major producers operated normally, but transportation constraints limited volumes for spot and contract market demand
Why did the price of Aspirin change in September 2025 in Europe?
• Persisting port congestion extended lead times, elevating landed costs and reducing availability for European importers.
• Pre-buying earlier in summer created temporary inventory buffers, reducing immediate spot demand and softening prices.
• Freight surcharges and Rhine low water increased transport costs, squeezing margins and prompting supplier allocations.
For the Quarter Ending June 2025
North America
• The Aspirin Spot Price in the USA declined sharply in April 2025, with the Price Index registering a -6.91% decrease due to high inventory levels, tariff frontloading, and reduced downstream demand.
• In April, large-scale inventory buildup, triggered by pre-emptive procurement ahead of the 145% tariff implementation, suppressed immediate demand, leading to limited restocking and significant Price Index erosion.
• Despite steep tariffs on Chinese imports, many U.S. market participants absorbed the initial impact, contributing to a soft Product Price Forecast for April as buyers cut prices to reduce overstocked inventory.
• In May 2025, the Price Index increased marginally by 0.39% as a temporary 90-day suspension of tariffs until August 14 prompted a surge in shipments from China, creating freight and port congestion issues.
• Peak Season Surcharges and logistic bottlenecks in May intensified the Product Production Cost Trend, pushing up freight expenses and influencing a short-lived upward movement in prices.
• On the demand front, U.S. pharmaceutical buyers accelerated purchases in May to beat the August tariff deadline, reflecting a robust Product Demand Outlook and precautionary inventory buildup.
• June 2025 saw another modest 0.39% Price Index increase as buyers continued forward procurement under favorable tariff conditions, compounding short-term pressure on the supply chain.
• Rising inflation in June led firms to hedge against future cost hikes by purchasing early, tightening availability and influencing a firmer Product Price Forecast.
• Overall, Q2 witnessed alternating pricing patterns: April marked a price correction due to oversupply, while May and June rebounded slightly on logistical disruptions and inflation-adjusted buying.
• In July 2025, Aspirin prices are likely to decrease, as the inventory built up from Q2 forward buying starts to stabilize. Traders are expected to offer discounts to move excess stock before August restocking begins, reducing near-term pricing strength.
APAC
• In April 2025, the Price Index of Aspirin (USP, FDA) FOB Shanghai dropped by 3.92%, primarily due to weak international demand, a sharp contraction in China’s manufacturing PMI to 49.0, and heavy port congestion affecting pharmaceutical logistics.
• The Aspirin Spot Price decline was amplified by a steep 145% U.S. tariff on Chinese pharmaceuticals, triggering mass cancellations and order delays, as foreign buyers slashed offtake in favor of alternative markets or existing inventories.
• High Aspirin production costs from previous manufacturing upswings remained unrecovered due to poor sales performance, forcing suppliers to offer deep discounts amid bloated inventories and subdued Product Demand Outlook.
• By May 2025, the market recovered slightly, with the Price Index increasing by 0.41% month-on-month as overseas buyers rushed to frontload orders before the U.S. tariff reprieve ends in August, triggering a surge in shipping rates and a spike in demand.
• The rebound in Product Spot Price was also supported by rising raw material (salicylic acid) costs and limited container availability, which caused distribution lead times to contract and improved turnover for Chinese exporters.
• Exporters benefited from General Rate Increases (GRIs) in ocean freight and peak season surcharges beginning June 1, incentivizing advance bookings, leading to stronger pricing confidence and improved Product Price Forecast for the near term.
• In June 2025, the Price Index again rose marginally by 0.41%, as international buyers accelerated purchases to meet summer formulation schedules and mitigate against future price hikes once tariff benefits expire.
• Product Demand Outlook in June remained stable, backed by sustained U.S. interest and consistent procurement from downstream pharma manufacturers, encouraging modest increases in factory utilization and export-driven production.
• Despite the short-term uplift, manufacturers remained cautious, avoiding overexpansion amid uncertain global trade policies and volatile freight conditions, maintaining a measured stance on Product Production Cost Trend.
• In July 2025, a mild price decrease is expected, as some international buyers pause purchasing after fulfilling forward orders in Q2. The market may see a temporary correction as players adopt a wait-and-watch strategy ahead of the August tariff deadline.
Europe
• The Aspirin Spot Price in Germany declined by 6.30% in April 2025, as the Price Index was pressured by oversupply stemming from US-bound cargo diversions and pre-holiday stockpiling.
• A consistent stream of Asian imports, strong shipping capacity, and advance purchases before the May Day break amplified the supply glut, weakening the Product Price Forecast.
• Subdued Product Demand Outlook and port congestion at Hamburg and Rotterdam delayed offtake, prompting sellers to cut prices to stimulate buying interest.
• In May, the Price Index rebounded by 0.40% as worsening Northern European port congestion and reduced vessel space restricted supply.
• Carriers redirected vessels to the Trans-Pacific route after US tariff adjustments, reducing capacity on Asia–Europe routes and tightening German imports.
• Rising bookings in late May, ahead of June GRIs, fueled spot buying, reinforcing bullish sentiment in the Product Price Forecast.
• By June, continued port delays and Rhine River logistics hurdles pushed the Price Index up by another 0.39%, despite Germany's easing inflation (2%).
• Early restocking and supply disruption fears led to short-term tightening, despite steady end-use demand from pharmaceutical buyers.
• The Product Production Cost Trend remained stable, but importers paid higher landed costs to secure timely delivery amid unpredictability.
• In July 2025, prices are likely to decrease slightly as excess June inventory stabilizes and resellers offer markdowns to clear stock ahead of August.
For the Quarter Ending March 2025
North America
In Q1 2025, Aspirin prices in the USA experienced significant fluctuations due to various factors. In January, prices rose as U.S. importers rushed to stockpile ahead of the proposed 10% tariff on Chinese goods, set to take effect in February. The Chinese Lunar New Year also contributed to increased demand, while rising energy costs added to inflationary pressures, escalating operational expenses. Port congestion in Los Angeles worsened logistical delays, further straining supply chains and driving up prices.
February saw additional price hikes, with the 10% tariff coming into effect and concerns about a potential 25% tariff on pharmaceuticals. Buyers accelerated procurement to avoid higher future costs, exacerbating supply chain issues. However, by March, prices declined as demand weakened and oversupply became a concern. The weakening of the U.S. dollar increased import costs, but distributors held high inventory levels, reducing the need for further procurement. Growing tariff concerns led suppliers to adopt more aggressive pricing strategies to move excess stock, resulting in lower prices.
Overall, Q1 2025 was marked by price volatility driven by tariffs, logistical challenges, and shifting market dynamics.
Asia Pacific
In Q1 2025, Aspirin prices in China saw a steady upward trend, driven by a combination of demand and supply-side factors. In January, prices rose due to increased demand from the pharmaceutical and healthcare sectors, coupled with reduced manufacturing output ahead of the Lunar New Year. The anticipation of new U.S. tariffs on Chinese exports further strained supply, as manufacturers rushed to fulfill export orders. This added upward pressure on prices. In February, prices continued to rise due to supply disruptions caused by the holiday break, inventory shortages, and delayed production. Demand from the healthcare sector remained robust, with seasonal weather boosting the need for pain relief and cold remedies. Additionally, the expectation of further U.S. tariffs in March encouraged foreign buyers to increase their orders. In March, prices rose slightly, as demand remained strong while supply gradually improved. However, production could not fully meet the growing demand, leading to supply tightness. The rising cost of salicylic acid, a key raw material, also contributed to the overall price increase during the quarter.
Europe
In Q1 2025, Aspirin prices in Germany showed mixed trends, influenced by supply chain factors and fluctuating demand. In January, prices increased moderately due to improved business sentiment and higher demand from the healthcare sector. The positive economic outlook, combined with inventory restocking efforts, pushed prices higher. By February, supply chain challenges, including port congestion and labor disputes, led to delays in pharmaceutical imports, raising costs. Despite these disruptions, stable demand supported prices, aided by easing inflation and political uncertainties. March saw a decline in prices as favorable import conditions emerged, including a stronger Euro and lower ocean freight rates. Despite some congestion at European ports, shipping capacity remained adequate, ensuring a steady flow of imports at competitive prices. On the demand side, however, activity remained sluggish following the Chinese New Year, with buyers clearing inventories toward the quarter's end. This imbalance between supply and demand led to downward price adjustments as suppliers sought to stay competitive. Overall, the quarter ended with a slight price decline after earlier increases.
