U.S. Epoxy Resin Slips 5.12% Amid Low Demand; China Up 1.81% on Supply Tightness

In the United States market, prices for the Epoxy Resin witnessed a bearish trend. This is mainly attributed to the high supply and the limited demand dynamics during the period. Demand for Epoxy Resin from the downstream paints and coating industry and building and construction activity remained low coupled with the sluggishness across the end use construction sector, influenced the price dynamics. As a result, Prices for the Epoxy Resin Solid (EEW ***-***) declined by *.*** DEL Texas.

Builder confidence has dropped because of low homebuyer demand. Construction activity has slowed down. The U.S. Census Bureau reported on September **, ****, that housing starts in August fell by *.** from the previous month, reaching a seasonally adjusted annual rate of *.*** million units. Additionally, on September *, ****, the U.S. Census Bureau noted that construction spending from January to July **** was $*,***.* billion. This represents a...