Hamburg, Germany: The European Acrylic Acid market has been experiencing a prolonged bearish trend, primarily driven by a reduction in production costs due to declining feedstock Propylene prices. This cost relief has been accompanied by weaker demand from key downstream sectors such as Coating and Construction, which have faced challenges like subdued activity and slower project rollouts. The soft demand from these sectors, combined with lower input costs, has contributed to oversupply conditions in the market, exerting downward pressure on Acrylic Acid prices and sustaining the bearish outlook.
In Germany, the Acrylic Acid market witnessed a x.xxx decline by the week ending October xx, xxxx, settling at USD xxxx/MT (FD-Hamburg). This drop was driven by the weak performance of the downstream Coating and Construction sectors, which have curbed demand for Acrylic Acid. Market participants remain cautious, trying to avoid further price deterioration in the broader European market....
