In August, VAE Redispersible Powder (VAE RD Powder) prices remained stable across the global market, with no significant price changes observed in the US and Europe. Despite this stability, bearish demand from downstream industries, particularly the construction sector, persisted. In the US, the housing sector saw sluggish demand, while Europe struggled with economic slowdown, further impacting VAE RD Powder consumption. Furthermore, freight rates between Europe and the US eased due to weakening demand and increased shipping capacity, influencing the market trend. Moreover, regional supply disturbances, such as port strikes, hurricane season, and port congestions, added complexity to the market dynamics. Also, low demand from Asian markets exacerbated the situation, contributing to an overall softening of global demand for VAE RD Powder. Nevertheless, a narrow gap between supply and demand prompted traders to maintain stable prices across the US and European regions this month.
