Executive Summary The Tetrakis Hydroxymethyl Phosphonium Sulfate (THPS) prices witnessed a quarter-over-quarter decline across major global regions , driven primarily by inventory overhangs, weak downstream consumption, and persistent supply-side pressures . North America, APAC, and Europe all reported falling price indices, although market sentiment began stabilizing toward the end of the quarter in select regions. This article provides a detailed analysis of THPS price