Texas, USA: Throughout the second quarter of xxxx, the chemicals industry experienced fluctuating price trends, causing significant shifts among key market players. Benzene prices surged considerably, while propylene, acetone, and Phenol prices remained relatively stable. In Europe, the downturn in residential construction, which constitutes one-fifth of the construction sector, has led to reduced employment within the industry. Several EU nations have seen a decline in the workforce employed in this sector, coupled with the exit of small enterprises from the market.
According to the ChemAnalyst database, the price of Phenol settled at USD xxxx per ton in the week ending June xx. Anticipating reduced inquiries from the terminal market, Phenol manufacturers remained cautious about their profit margins. The European construction sector, historically more resilient during economic downturns, is expected to decline by x.xx in xxxx, as projected by FIEC. Total investment in this sector began decelerating...
