The Acrylonitrile price trend showcased an upward movement in the second half of July, as producers raised their quotations by x.xx. The occurrence of Hurricane Beryl on the Gulf Coast impacted the operating rates at manufacturing units, stressing the availability of supplies. The consumption rates of Acrylonitrile were steady in downstream industries as the demand for Acrylonitrile to produce adhesive, pipes, and coatings was robust for downstream construction and manufacturing sectors. The construction sector continued to perform well. According to the US Census Bureau, construction spending in May xxxx was estimated at a seasonally adjusted annual rate of $x,xxx.x billion, reflecting a slight x.xx decrease from April&#xx;s revised estimate of USD x,xxx.x billion. It contributed to the firm consumption of construction materials. Consequently, manufacturing rates were firm, and at the end of the second quarter, the US Manufacturing PMI rose in June xxxx, indicating a slight improvement in...
