This week, Acetic Acid prices in the German market have remained stable, despite rising natural gas prices that have driven up production costs. Stable feedstock Methanol prices, as detailed in Methanex&#xx;s monthly update, have played a key role in maintaining this stability. However, Acetic Acid trading activity has slowed due to the European holiday season, and reduced construction activity in Germany has led to decreased demand from the acetate industry, resulting in fewer downstream inquiries and downward pressure on prices.
The Germany manufacturing activities dropped in August xxxx from in July. Acetic Acid Goods producers faced the steepest reduction in new orders in nine months, driven by persistent customer hesitancy and weakness in the construction sector. Output continued to decline sharply, though the pace of the decrease was slightly slower than in the previous month. On a positive note, purchase prices nearly stabilized after a...
