Hamburg, Germany: The European Acrylic Acid market is maintaining stability at the lower end, reflecting ongoing bearish sentiment. This downturn in the Acrylic Acid market is largely driven by sluggish demand from the downstream construction sector and a reduction in the production cost of Acrylic Acid, which has been influenced by the continuous decline in feedstock propylene prices. The combination of weak demand and falling production costs has contributed to a sustained decrease in Acrylic Acid prices.
The European Acrylic Acid is stable at a lower end at USD xxxx/MT (FD-Hamburg), during the week ending on xxth September. The overall market is showcasing continuation in the bearish sentiments. Demand for Acrylic Acid is weak from the downstream construction enterprises, throughout the European nations, particularly, Germany. In Europe, the housing sector is experiencing sluggish demand as the economic slowdown continues to dampen the consumption of Acrylic Acid. This...
