Hamburg, Germany: Germany&#xx;s Ethylene Vinyl Acetate market has been experiencing a downturn over the past few months primarily due to poor demand conditions. Poor demand has loomed big over the sector, particularly in Europe, where high energy prices have left firms battling to remain competitive, although chemical exports have continued to outperform imports substantially.
Although some specialty divisions of the chemicals industry saw more resilient demand than more commoditized materials, the greater margins of these goods may have offered some assistance. However, the level of capacity utilization in the chemical sector has decreased dramatically, including Ethylene Vinyl Acetate, and it is expected to be about xxx in Qx-xxxx. The capacity utilization level is nearing that of the first Covid shutdown in xxxx. High energy prices and a lack of demand for chemicals, including Ethylene Vinyl Acetate, mostly...
