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