Dicyandiamide (DCDA) Prices Show Fluctuating Trends Across Global Markets in Q3 2025

The global Dicyandiamide (DCDA) market exhibited moderate fluctuations during the third quarter of 2025, reflecting mixed fundamentals across major consuming regions such as Asia-Pacific (APAC), North America, and Europe. Although the DCDA Price Index in China recorded a slight quarterly decline, steady downstream consumption in adhesives, epoxy curing agents, fertilizers, and coatings provided some level of price support in Western markets.

This article provides an in-depth analysis of Dicyandiamide (DCDA) Prices across these key regions, focusing on market trends, supply-demand balance, and the outlook for the coming months.

Overview of the Dicyandiamide (DCDA) Market

Dicyandiamide (DCDA), a white crystalline compound derived from cyanamide, is widely used in the production of epoxy resin curing agents, flame retardants, fertilizers, pharmaceuticals, and coatings. Due to its versatility and intermediate role in various chemical processes, the DCDA market is influenced by fluctuations in industrial activity, feedstock cyanamide availability, and downstream consumption patterns.

During Q3 2025, regional disparities emerged in DCDA price movements, with Asia-Pacific witnessing a mild decline amid improved supply, while both North America and Europe experienced intermittent price fluctuations driven by seasonal demand cycles and energy market volatility.

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APAC Market Overview

China: Marginal Price Correction Amid Balanced Supply

In the Asia-Pacific region, China remained the dominant producer and exporter of Dicyandiamide (DCDA), with prices demonstrating a modest downward correction during Q3 2025. According to market assessments, the Dicyandiamide Price Index in China fell by 1.03% quarter-over-quarter, reflecting an easing of earlier supply constraints and moderate production resumption at key manufacturing hubs.

The average Dicyandiamide price for the quarter stood at USD 1,448.33 per metric ton (FOB Qingdao), indicating stable trade activity despite a softening in spot demand. The slight decline was mainly attributed to:

• Improved production rates at domestic facilities following maintenance turnarounds in the previous quarter.
• Steady raw material availability, particularly for urea and cyanamide, which reduced input cost pressures.
• Seasonal moderation in downstream demand from the fertilizer and chemical intermediates sectors.

Although exports to Southeast Asian countries such as Indonesia, Thailand, and Vietnam continued at a steady pace, subdued activity in the European and North American import markets limited upside potential for Chinese exporters.

India and Other APAC Countries: Stable Yet Cautious Sentiment

In India and other parts of the APAC region, Dicyandiamide prices mirrored the Chinese trend with marginal adjustments. Demand from downstream sectors such as pharmaceuticals, flame retardants, and coatings remained stable but lacked strong momentum due to cautious procurement behavior and adequate inventory levels.

The market sentiment across APAC remained relatively balanced, with most suppliers maintaining moderate production rates to align with steady consumption. Export offers were generally competitive, supported by stable freight rates and normalized supply chain conditions.

Overall, the APAC DCDA market closed Q3 2025 on a steady note, with prices showing limited volatility, signaling that supply and demand fundamentals were largely in equilibrium.

North America Market Overview

Fluctuating Price Trends Amid Seasonal Demand Cycles

The North American Dicyandiamide market exhibited notable fluctuations during Q3 2025, driven by varying downstream requirements from adhesives, epoxy curing agents, fertilizers, and chemical intermediates sectors.

The Dicyandiamide Price Index remained largely volatile, with spot prices showing minor increases in July and August, followed by a moderate decline in September as demand softened toward the end of the quarter.

Key market dynamics shaping the North American pricing landscape included:

• Stronger early-quarter buying activity from adhesive and resin manufacturers in response to healthy order books.
• Stable feedstock costs, particularly for urea derivatives, which helped moderate overall production costs.
• A decline in downstream demand from the fertilizer sector in late Q3, leading to slight price corrections.
• Persistent import dependence from Asian suppliers, with traders adjusting volumes based on domestic consumption trends.

Logistics and energy costs remained stable throughout the quarter, preventing any drastic upward movements in DCDA prices. Additionally, market participants reported moderate inventory levels, allowing buyers to negotiate short-term contracts with greater flexibility.

Despite these fluctuations, the North American Dicyandiamide market continued to demonstrate resilience, supported by the ongoing expansion of high-performance coatings and electronic adhesives applications.

USA: Balanced Supply with Moderate Consumption

In the United States, the DCDA market maintained a balanced supply scenario, with steady imports from China and Europe meeting domestic needs. The spot market witnessed slight upward movement in July and August due to stronger industrial output but later softened as buyers delayed fresh purchases in anticipation of stable Q4 prices.

The market sentiment remained largely neutral, with most participants expecting limited price volatility heading into the next quarter.

European Market Overview

Fluctuating Prices Driven by Diverse Downstream Consumption

In Europe, the Dicyandiamide Price Index reflected a fluctuating pattern throughout Q3 2025, supported by demand from epoxy curing agents, adhesives, fertilizers, and coatings industries. The spot prices recorded slight increases in July and August, attributed to short-term restocking activities and improved downstream operations, followed by marginal stability in September.

The overall price trajectory was influenced by several key factors:

• Energy price stabilization, which helped contain production costs across major European producers.
• Improved operating rates at chemical plants post-summer maintenance turnarounds.
• Mixed downstream sentiment, with epoxy resin manufacturers showing moderate activity while fertilizer producers adopted cautious purchasing strategies.

Germany, France, and the Netherlands remained leading consumption hubs, while Central and Eastern Europe experienced steady but limited demand growth.

Import Parity and Cost Pressures

The European market also faced mild import cost pressures due to currency fluctuations and logistical adjustments, particularly in August. However, steady domestic production and adequate inventories prevented any significant supply shortages.

Import offers from Chinese suppliers remained competitive, providing cost relief to European buyers amid stable shipping conditions.

By the end of Q3 2025, the average European DCDA prices hovered around USD 1,500–1,520 per metric ton (CIF basis), indicating relative price stability compared to the previous quarter.

Comparative Regional Analysis

The global Dicyandiamide pricing structure in Q3 2025 showcased the following regional dynamics:

Overall, Asia remained the price anchor, with production-cost competitiveness influencing global market benchmarks. Western regions experienced mild fluctuations, driven by demand-side dynamics and limited trade disruptions.

Market Drivers and Influencing Factors

1. Feedstock Cost Movements

Feedstock urea and cyanamide prices significantly influenced DCDA cost structures. The relative stability in urea markets across APAC in Q3 2025 helped keep DCDA manufacturing costs in check, preventing sharp price volatility.

2. Downstream Demand from Epoxy and Adhesive Industries

Growing use of DCDA in epoxy resin curing agents and high-performance adhesives continued to provide steady market support. However, demand growth was partially offset by seasonal slowdowns in construction and coating segments during late Q3.

3. Energy and Logistics Costs

In Europe, the moderation of natural gas and energy prices played a key role in stabilizing production costs. In contrast, Asian exporters benefited from lower freight rates, which enhanced global competitiveness.

4. Export-Import Balances

China’s strong production base and competitive pricing structure ensured its continued dominance in global DCDA exports. However, buyers in Europe and North America maintained cautious procurement strategies to mitigate exposure to potential supply fluctuations.

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Outlook for Q4 2025

The outlook for Dicyandiamide Prices in Q4 2025 appears cautiously stable, with potential for mild upward adjustments depending on:

• Seasonal fertilizer demand recovery in Asia.
• Inventory restocking in North America and Europe.
• Feedstock cost changes in urea and ammonia markets.
• Potential production adjustments at major Chinese DCDA facilities.

Analysts expect DCDA prices to hover in a narrow range as balanced fundamentals persist across global regions. Industrial demand from adhesives, coatings, and chemical intermediates is anticipated to remain steady, while export opportunities could rise if global trade conditions remain favorable.

Conclusion

In summary, Dicyandiamide (DCDA) Prices during Q3 2025 reflected a phase of moderation and stability across major markets. The APAC region, led by China, witnessed a slight price decline due to improved supply conditions, while North America and Europe experienced moderate fluctuations influenced by downstream consumption and seasonal factors.

The global DCDA market continues to demonstrate resilience, supported by its diverse end-use applications and relatively balanced supply-demand dynamics. With stable raw material costs and easing logistics constraints, the short-term outlook for Dicyandiamide Prices remains steady heading into the next quarter, positioning the market for sustained equilibrium through late 2025.

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