The market situation of Diacetone Alcohol (DAA) has witnessed a stable trend in the US market during December xxxx due to largely stable prices of feedstock Acetone, which stagnated the production costs. However, a significant price surge of xxx was recorded in the prices of feedstock Acetone during the first two weeks of December xxxx due to low level of inventories amongst suppliers, which did not affect the prices of DAA.
The demand for DAA from the downstream paints and coating sectors of the construction industry continued to remain moderate, which kept the prices of the product stable. House building sentiments did not improve despite mortgage rates retreating to x.xxx and x.xxx for a xx-year contract and xx-year contract, respectively for the week ending December xx, xxxx, according to Freddie Mac (Federal Home Loan Mortgage Corporation). Despite the declining mortgage rates, positive purchasing sentiments were...
