The price of Epichlorohydrin (ECH) in Germany, a key chemical used in paints and coating industries, has been experiencing a significant decline for months. This slump during March xxxx was attributed to both ease in supply and demand dynamics. The primary driver of the low ECH prices was the sluggish performance of the European construction sector, including Germany. This industry has been grappling with weak customer orders and a lack of business confidence for some time now. The recent interest rate hike in the Eurozone has further dampened its growth potential. Businesses were wary of the increased borrowing costs and their impact on project feasibility. This has led them to postpone or cancel projects altogether, resulting in a significant decline in demand for ECH, a crucial component in construction materials.
The persistent downtrend has resulted in a decline of ECH orders to settle the offered quotations at...
