For the Quarter Ending December 2025
APAC
• In China, the Panthenol Price Index rose by 1.96% quarter-over-quarter, reflecting constrained output and export demand.
• The average Panthenol price for the quarter was approximately USD 10698.67/MT, reported by Shanghai FOB.
• Panthenol Spot Price weakened slightly in November, firmed in December as export orders were pulled forward.
• Panthenol Price Forecast indicates modest upside into the new year amid restocking and stable operating rates.
• Panthenol Production Cost Trend showed limited relief as key precursors remained stable, constraining margin compression.
• Panthenol Demand Outlook remains constructive, driven by cosmetics and pharmaceutical procurement, though buying was disciplined.
• Panthenol Price Index uplift reflected bonded inventories and stronger export demand from India, Indonesia, and Brazil.
• Major producers operated steadily, while environmental audits constrained some multi-purpose reactors, supporting firmer offers and sales.
Why did the price of Panthenol change in December 2025 in APAC?
• Tightening environmental inspections kept several small plants offline, reducing effective supply and supporting December price increases.
• Feedstock prices for pantolactone and 3-aminopropanol remained unchanged, sustaining production costs and limiting downward price pressure.
• Exporters faced stronger demand from India, Indonesia and Brazil, prompting shipments and supporting FOB offer levels.
Europe
• In Germany, the Panthenol Price Index rose by 1.42% quarter-over-quarter, reflecting restocking and steady imports.
• The average Panthenol price for the quarter was approximately USD 11541.67/MT, reflecting balanced inbound volumes.
• Panthenol Spot Price is competitive as Asian offers and freight softened landed cost pressures on buyers.
• Panthenol Production Cost Trend showed upward pressure from feedstock inflation, offset by easing logistics expenses.
• Panthenol Demand Outlook points to consumption in cosmetics and personal care as promotional activity aided purchases.
• Panthenol Price Forecast indicates near-term upside driven by year-end replenishment and selective formulators' buying patterns.
• Panthenol Price Index movements were muted due to balanced port stocks and ample Chinese exports.
• Distributor inventories remained moderate, limiting volatility while exporters competed on terms rather than headline pricing.
Why did the price of Panthenol change in December 2025 in Europe?
• Low post-summer inventories prompted restocking, increasing demand relative to available prompt Asian cargoes and bookings.
• Feedstock and upstream cost pressures marginally lifted landed costs, transmitting modest upward pressure on offers.
• Freight and logistics remained stable, preventing spikes, while Euro stability limited currency-driven cost reductions significantly.
North America
• In North America, the Panthenol Price Index moved modestly higher quarter-over-quarter, supported by year-end restocking and steady import arrivals.
• Panthenol market conditions remained import-led, with Asian-origin shipments meeting most requirements for cosmetics and personal-care formulators.
• Panthenol Spot Price stayed competitive, as softened freight and ample exporter availability limited aggressive seller positioning.
• Panthenol Production Cost Trend for importers reflected upstream feedstock inflation, partially offset by stable-to-lower logistics expenses.
• Panthenol Demand Outlook remained constructive, driven by consistent cosmetics, personal-care, and haircare production schedules.
• Panthenol Price Forecast suggests mild near-term firmness, supported by selective replenishment and early 2026 formulation planning.
• Panthenol Price Index movement stayed muted, as balanced port inventories and predictable cargo arrivals reduced volatility.
• Distributor inventories remained at workable levels, encouraging contract fulfillment over speculative spot purchases.
Why did the price of Panthenol change in December 2025 in North America?
• Year-end restocking by formulators increased demand against prompt import availability.
• Feedstock-linked cost pressure from exporters marginally raised landed-cost expectations.
• Stable freight, logistics, and currency conditions prevented sharper price movements.
For the Quarter Ending September 2025
APAC
• In China, the Panthenol Price Index fell by 0.21% quarter-over-quarter, reflecting inventory-driven selling and weak export demand.
• The average Panthenol price for the quarter was approximately USD 11243.33/MT, based on FOB Shanghai export quotations.
• Panthenol Spot Price remained pressured, but mid-quarter buying supported recovery amid reduced concession levels from sellers.
• Panthenol Price Forecast shows upward bias into autumn, supported by improving demand and production rates.
• Panthenol Production Cost Trend eased due to cheaper feedstocks, then firmed as acetaldehyde prices recovered.
• Panthenol Demand Outlook improved mid-quarter with restocking from cosmetics and pharmaceuticals lifting end-user procurement activity.
• Panthenol Price Index volatility reflected freight rate shifts, currency adjustments, and buying from Asian importers.
• High inventories pressured seller offers, while export arbitrage opportunities and maintenance shutdowns intermittently supported quotations.
Why did the price of Panthenol change in September 2025 in APAC?
• Elevated inventories and subdued export orders reduced urgency, driving downward pressure on export quotations during September.
• Feedstock cost fluctuations, notably acetaldehyde easing then firming, influenced production expenses and supplier pricing decisions.
• Logistics and freight rate variations, plus USD/CNY shifts, affected landed costs and competitive export positioning.
Europe
• In Germany, the Panthenol Price Index rose by 0.29% quarter-over-quarter, reflecting balanced supply and recovery.
• The average Panthenol price for the quarter was approximately USD 11380.00/MT, reflecting mixed import dynamics.
• Panthenol Spot Price remained constrained by abundant inventories, limiting spot purchases and speculative trading interest.
• Panthenol Price Forecast projects upside in early Q3 driven by restocking and improving downstream activity.
• Panthenol Production Cost Trend eased on lower Asian export offers, while rising freight trimmed savings.
• Panthenol Demand Outlook remains cautious as cosmetics sector restocking slowly recovers amid excess distributor inventories.
• Panthenol Price Index reflected supplier discounts and selective buying, constraining volatility despite improved trade flows.
• Buyers adopted selective procurement, aligning purchases with logistics improvements and the Panthenol Price Forecast signals.
Why did the price of Panthenol change in September 2025 in Europe?
• Improved Asian offers and import cost reductions eased landed costs, reducing upward pressure on local pricing.
• Persistent elevated inventories across suppliers and distributors limited procurement urgency, tempering short-term price increases significantly.
• Freight and logistics cost fluctuations and currency movements partially offset import savings, influencing net price trajectory.
North America
• In the USA, the Panthenol Price Index registered a slight quarterly increase, supported by stable import activity and steady downstream consumption.
• Panthenol Spot Price held firm amid balanced inventories and consistent shipments from Asian suppliers.
• Panthenol Price Forecast points to mild upward momentum through late Q4, supported by seasonal restocking and renewed personal care demand.
• Panthenol Production Cost Trend for importers showed limited movement, as lower export offers were offset by marginal freight and logistics cost rises.
• Panthenol Demand Outlook remained steady, with moderate consumption from cosmetics and pharmaceutical formulators helping sustain procurement activity.
• Panthenol Price Index stability reflected balanced supply conditions, stable freight rates, and smooth logistics across key ports.
• Higher Asian production and consistent export flows-maintained market availability, moderating the potential for price spikes in U.S. markets.
• Domestic distributors focused on inventory management, aligning purchases with demand cycles and Panthenol Price Forecast expectations.
Why did the price of Panthenol change in September 2025 in North America?
• Balanced inventories and stable Asian export flows kept prices steady, reducing volatility across U.S. distribution channels.
• Consistent procurement from the cosmetics and personal care sectors provided moderate support, preventing any major decline.
• Marginal freight fluctuations and steady supply chain conditions-maintained equilibrium, limiting both upward and downward movements.
For the Quarter Ending June 2025
North America
• In July 2025, the Panthenol (Cosmetic Grade) Price Index in North America continued its upward trajectory, mirroring the trend in Europe, driven by tightening inventories and seasonal restocking from personal care manufacturers ahead of back-to-school and fall promotional campaigns.
• Spot Price assessments for Panthenol remained firm across the U.S., supported by increased procurement activity, especially from large-scale formulators in skincare and cosmeceutical segments.
• Price Forecast for August remains bullish, with expectations of continued upward momentum amid constrained imports from Asia, stable-to-rising domestic demand, and higher summer production costs.
• Production Cost Trend reflected a marginal increase, as U.S. producers faced rising energy costs and modest upticks in raw material prices, including Acetaldehyde and byproducts used in Panthenol synthesis.
• Demand Outlook remained optimistic in July, buoyed by steady downstream off-take, especially from the premium skincare segment. Brand owners increased procurement ahead of seasonal product launches.
• Why did the price of Panthenol change in July 2025?
• The uptick was primarily due to restocking ahead of late-summer demand, stable cost pressures, reduced import availability from Asia, and improving consumption across the personal care and pharmaceutical industries.
• Domestic inventory levels tightened moderately, reflecting active procurement and limited inflow of Chinese-origin material, which became less competitive due to elevated freight and FX pressures.
• Suppliers reported higher forward bookings for Q3 2025, indicating confidence in price stability or further modest increases in the near term.
• Rising freight charges from Asia and longer lead times continued to affect procurement strategies, prompting buyers to secure additional volumes domestically.
• Overall, the Panthenol market in North America remained firm in July, with upstream cost resilience and consistent demand driving a positive pricing environment.
Europe
• In Europe (Germany), the Price Index for Panthenol (Cosmetic Grade) CFR Hamburg increased in July 2025, marking a shift from the continuous downward momentum seen in Q2 2025.
• The Spot Price of Panthenol (Cosmetic Grade) rose to USD 11,080/MT in July, reflecting renewed market tightness caused by reduced imports and improved restocking by personal care manufacturers.
• Why did the price of Panthenol change in July 2025?
• The increase was driven by lower Asian-origin supply, heightened freight rates, logistical delays, and modest recovery in downstream demand across the European cosmetic sector.
• The Production Cost Trend for Panthenol turned slightly bullish in July as surging transport and packaging costs outpaced stable input chemical prices, pushing marginal cost pressures onto buyers.
• The Demand Outlook for Panthenol in Germany strengthened moderately, with key cosmetic brands and pharmaceutical players initiating procurement for autumn production cycles amid low stock levels.
• The Price Forecast for Panthenol in Q3 2025 suggests continued firmness as buyers secure volumes in anticipation of Q3 promotional campaigns and higher seasonal consumption.
• Limited shipments from Chinese suppliers, along with port congestion and vessel rollover incidents, restricted Panthenol availability in July, supporting the spot market rally.
• Exporters prioritized large-lot shipments to high-margin destinations outside Europe, further straining supply chains and delaying contract deliveries into Germany.
• Inventory drawdowns in Western Europe since May created a base-level shortage that amplified the short-term upward price pressure during July.
• Panthenol buyers in Germany also faced constrained logistics flexibility, with fewer cargo slots and rising container costs impacting landed cost economics and accelerating spot purchases.
APAC
• Panthenol Price Index in China moved upward in July 2025 after three consecutive months of sharp declines, reflecting a shift in market fundamentals.
• Spot Price of Panthenol (Cosmetic Grade) on FOB Shanghai basis rose to USD 11,270/MT, marking a 2.45% increase compared to June.
• Why did the price of Panthenol change in July 2025?
• Inventory destocking gained traction as suppliers successfully reduced high stock levels from Q2, while steady cost normalization and stabilized Acetaldehyde prices curbed further downside pressure.
• Production Cost Trend turned stable in July after several months of decline, supported by a recovery in Acetaldehyde prices and rising labor costs due to heatwave-induced productivity disruptions in Eastern China.
• Demand Outlook improved marginally, led by restocking from Southeast Asian and Middle Eastern buyers in anticipation of Q3 promotional season in the personal care segment.
• Export Competitiveness of Chinese Panthenol improved slightly in July as the Yuan weakened modestly against major currencies, enhancing overseas trade flows amid competitive offers.
• Inventory Dynamics showed clear signs of easing by mid-July, particularly among Tier-1 exporters in Zhejiang and Jiangsu provinces, allowing producers to regain some pricing leverage.
• Price Forecast for August 2025 indicates a likelihood of continued stability to mild upward movement, supported by improving international demand and tighter supply discipline.
For the Quarter Ending March 2025
North America
The U.S. Panthenol market exhibited fluctuating pricing behavior throughout Q1 2025, reflecting a balance of shifting supply conditions, variable demand, and changing production costs. January saw the market begin with slight price fluctuations, driven by stable demand from the personal care and cosmetics industries, alongside steady production levels. The market remained relatively stable, supported by consistent inquiry levels and proactive inventory management by suppliers, although some upward pressure was observed due to steady demand and cost conditions.
In February, the market experienced a shift as supply conditions became more constrained. Tightening raw material availability, coupled with rising production costs, put upward pressure on prices. The imposition of trade tariffs on key import sources further escalated procurement expenses, leading to a more cautious procurement strategy among buyers. Demand for Panthenol remained robust, particularly from the cosmetic and pharmaceutical sectors, which provided support for the market despite the challenges faced on the supply side. However, fluctuating inventory levels and varying production schedules continued to influence price movements throughout the month.
March brought another round of price fluctuations, driven by continued supply constraints and an increase in raw material costs. While logistical challenges eased slightly, trade-related uncertainties and tariff impacts remained significant, continuing to affect procurement strategies. Demand remained steady from downstream sectors, but tighter supply conditions, along with fluctuating raw material expenses, continued to affect the overall market dynamics. The overall market sentiment in March reflected a cautious balance between stable demand and supply-side challenges, contributing to another phase of price fluctuations.
Throughout Q1 2025, the U.S. Panthenol market experienced fluctuating prices, influenced by consistent demand, ongoing supply constraints, and rising production costs. The complexity of trade-related issues added an additional layer of volatility to the market, while steady demand from key sectors such as personal care and pharmaceuticals helped to maintain market stability despite ongoing pricing fluctuations.
Asia Pacific
The Panthenol (cosmetic grade) market in China saw a strong upward price trajectory in Q1 2025, beginning with a notable +4.67% surge in January. This increase was primarily driven by robust demand from the cosmetics industry, coupled with rising manufacturing costs and tightening supply conditions. China’s dominance in the global production of cosmetic-grade Panthenol, crucial for personal care and beauty products, further bolstered the price hike. A combination of strong order volumes from local and international cosmetic manufacturers and heightened demand for premium-grade materials contributed to the price surge. Additionally, logistical challenges, including shipping disruptions and longer lead times, added further upward pressure on prices.
In February 2025, the market continued its upward trend as export prices rose, fueled by tightening domestic supply conditions and strong demand from both domestic and international markets. A decrease in inventory levels of domestically produced Panthenol, along with rising raw material costs and the impact of a 10% tariff hike on exports to the U.S., intensified market tightness. This scenario prompted many international buyers to accelerate their procurement, fearing potential supply disruptions due to trade-related uncertainties. At the same time, favorable freight rates supported global demand, particularly from Europe and the U.S., further driving price growth.
March 2025 saw a slight continuation of the upward pricing trend, supported by steady demand and accelerated procurement from international buyers, particularly in response to geopolitical risks and U.S. tariff increases. Tightening supply conditions were exacerbated by strong manufacturing activity, as indicated by a rise in China’s Purchasing Managers Index (PMI). While lower freight rates helped maintain competitiveness in international markets, domestic production costs continued to rise, fueling price strength. With supply constraints persisting, and high demand from both the domestic and international cosmetic sectors, Panthenol prices remained elevated throughout the month.
Overall, the first quarter of 2025 saw sustained strength in the Chinese Panthenol (cosmetic grade) market, driven by robust demand, supply chain constraints, and geopolitical factors. The combination of rising raw material costs, higher tariffs, and strong consumption from the global cosmetics industry shaped the market dynamics, signaling potential continued price increases in the near term.
Europe
In January 2025, the German Panthenol market recorded a significant price increase of 3.48%, reflecting intensified procurement patterns as international buyers, particularly in the cosmetics and pharmaceutical sectors, rushed to secure inventory ahead of anticipated Lunar New Year holiday disruptions. German buyers aggressively raised their purchase volumes, further tightening supply conditions and leading to pronounced price volatility. This strategic procurement was prompted by the expectation of supply chain interruptions in February, which added pressure on an already constrained market. The surge in prices highlighted a significant supply-demand imbalance, exacerbated by logistical challenges that affected both production and shipping.
By February 2025, Panthenol prices in Germany continued to rise, driven by increased import costs, particularly due to higher prices from China, the main supplier of cosmetic-grade Panthenol. The depreciation of the Euro against the U.S. Dollar added further financial strain, raising procurement costs. While reduced freight costs from China offered some logistical relief, the sustained demand from the cosmetics and skincare sectors, combined with persistent supply constraints, kept the price trajectory upward. This dynamic was further compounded by improved industrial activity, reflected in Germany’s Manufacturing PMI, which supported continued demand for Panthenol.
In March 2025, Panthenol prices in Germany saw a slight increase, primarily influenced by continuing strong demand and elevated production costs from China. The upward trend was further supported by improved manufacturing activity in Germany, as indicated by the higher PMI, which reinforced demand from downstream sectors like cosmetics and skincare. While the decline in freight rates provided some relief, the impact of currency volatility and persistent cost pressures from China maintained upward price momentum. As a result, Panthenol prices in Germany continued to reflect tight market conditions, driven by global supply chain challenges and robust demand across key industries.
Overall, the first quarter of 2025 saw sustained upward pressure on Panthenol prices in Germany, driven by strategic procurement, international supply constraints, and rising import costs. With demand remaining strong and logistical disruptions continuing to affect supply, the market is expected to maintain its bullish trend through the quarter.
