Jeddah (Saudi Arabia): During March xxxx, the Bisphenol A market witnessed a downturn in Asia and the Middle East, primarily attributed to sluggish demand in exporting nations like China and Japan. Concurrently, demand in the Middle East remained lackluster as Ramadan commenced, resulting in reduced activity due to shortened working hours during the fasting period. Throughout the month, the prices of feedstock Phenol and Acetone remained relatively stable.
In China, demand from downstream sectors like polycarbonate resin and epoxy resins faced constraints due to sluggish growth in the construction and automobile industries, impacting the market for Bisphenol A. The real estate sector, which experienced a x.xx decrease in added value in xxxx compared to the previous year, had significant repercussions on local government revenues and associated industries, including those reliant on Bisphenol A. Official data indicated a decline in apartment sales in February xxxx, reflecting weak market...
