The Acrylonitrile price trend showcased a bearish movement in the European region during August xxxx as market players reduced their quotations by x.xx. The inquiries for Acrylonitrile, utilized in producing adhesive, pipes, and coatings, were depressing, driven by subdued material consumption in the downstream construction and automotive sectors during regional summer holidays. At the same time, in July xxxx, the eurozone construction sector experienced a pronounced contraction, with activity declining at the fastest rate in six months due to sharp reductions in housing activity, which was the weakest segment. This weak demand led to a significant drop in new business, increased job losses, and reduced purchasing and subcontractor use. Despite these challenges, cost burdens rose only slightly. Simultaneously, the Eurozone Construction PMI Total Activity Index dropped, indicating a significant decrease in overall output, with the most notable decline observed in France.
However, at the beginning...
