The European market players reduced Acrylonitrile prices by x.xx during July xxxx to boost sales amid ample supply availability. The demand for Acrylonitrile was sluggish from the downstream Acrylonitrile Butadiene Styrene manufacturers because of the low consumption of pipes, fittings, and construction materials in the construction sector. Simultaneously, the supply rates were moderately low to the importers, which raised Acrylonitrile inventory levels in the regional market.
The decline in the construction sector was notable, with housing market prices decreasing by x.xx year-on-year. Major cities experienced notable declines, with single and two-family homes falling by x.xx and apartments by x.xx. Statistics Deutschland reported a x.xx decrease in residential property prices for the first quarter of xxxx compared to the previous year, marking the sixth consecutive quarter of price drops. Additionally, residential properties were x.xx cheaper in early xxxx compared to the fourth quarter of xxxx,...
