During the second half of November xxxx, the global Epoxy Resin market exhibited a stable price trend, with minor fluctuations observed in certain regions. Factors such as weak downstream demand, fluctuating feedstock prices, and subdued economic activity influenced the market across key regions.
In Europe, Epoxy Resin prices remained steady at USD xxxx/MT FD Hamburg during the week ending November xx, xxxx. This trend was attributed to weak demand from downstream sectors, particularly the paint and coatings industries, coupled with declining auto sales. The KBA federal transport authority reported a x.xx decline in Germany&#xx;s vehicle sales in November compared to the previous month. New car sales also saw a sharp fall, primarily driven by a xxx plunge in battery-powered electric vehicle (EV) demand, with EVs comprising only xxx of the total market, a significant drop from the previous year.
Further, Eurostat data revealed...
