Asia
In Asia, HPMC prices moved slightly upward during the third quarter of 2025. Producers in China and India faced rising production costs due to unstable energy prices and weaker local currencies. The pulp and paper industry showed a mixed recovery, but steady demand from construction, textile, and bio-based industries helped support prices.
Some buyers in Southeast Asia preferred local HPMC instead of imports because of trade tensions and uncertainty with tariffs. Domestic production in countries like Thailand and Vietnam improved, which limited sharper price increases. Overall, the market remained firm with moderate growth, supported by consistent industrial use and tight supply in some areas.
Europe
In Europe, HPMC prices stayed mostly stable through the said quarter. Early in the quarter, some mild downward pressure appeared as feedstock costs for cellulose and chemical ingredients slightly decreased. Demand from construction, paint, and paper applications remained sluggish in Northern Europe, keeping prices from rising significantly. European producers also faced competition from lower-cost Asian suppliers, which pressured margins. Toward the end of the quarter, market sentiment improved slightly as trade conditions eased, and expectations of smoother exports to the US provided moderate support to prices.
North America
In North America, HPMC prices trended higher during Q3. Supply was limited because of restructuring and shutdowns at major cellulose and fibre production plants. Industrial buyers, particularly from construction and bio-based sectors, faced higher costs due to limited availability. Although some tariffs were removed on imported pulp, it did not immediately reduce HPMC prices, as domestic demand remained strong and competition was limited. Inventory replenishments by downstream users also contributed to upward price pressure.