Antwerp, Belgium: The Belgian Acetic Acid market remains stable, with domestic production effectively meeting downstream demand. However, there are concerns about potential price hikes due to increasing costs of Methanol, a key feedstock for Acetic Acid. This is anticipated to impact the value chain in the upcoming weeks, leading to a rise in Acetic Acid prices in Belgium, primarily used in the construction industry for producing ethyl and butyl acetate. As of now, the Acetic Acid prices have maintained stability with prices ranging from USD xxx-xxx Per MT FD Antwerp.
Despite a slowdown in the Eurozone manufacturing sector, Belgium&#xx;s construction sector is thriving. The sector is bolstered by increased foreign direct investment and positive market sentiment, resulting in sustained demand. However, this growth is challenged by a significant labour shortage, with nearly half of the construction-related jobs lacking qualified workers.
The ongoing conflict in the...
