The US market for Epichlorohydrin experienced a period of remarkable stability during the fourth week of May xxxx. Despite the freight charges inched higher from China to the USA, the prices for Epichlorohydrin remained moderately stable due to muted demand from the downstream paints and coating industry. This stability was coming against the backdrop of the dull performance of the construction industry, a key application for Epichlorohydrin.
Despite the typical surge in activity during the approaching summer season, high interest rates have significantly dampened new orders for Epichlorohydrin. Wary of rising borrowing costs and project viability, construction companies were delaying or cancelling plans altogether. This translated to a decline in Epichlorohydrin demand, limiting orders and preventing price hikes. Adding to the demand side dynamics, downstream Epichlorohydrin consumers were primarily focused on depleting existing stockpiles rather than placing new orders which attributed to a cautious market characterized...
