During the first half of February xxxx, there was a decrease in prices observed in the global Vinyl Ester Resin (VER) market, affecting both the European and Asian market. Initially, market sentiment remained negative, mirroring the trend seen in the European market in the previous month. Further, the demand for VER in China remained low due to the Lunar New Year holidays affecting downstream industries. Another factor contributing to this decline in both regions was the decrease in demand for feedstock Epoxy Resin and its falling prices, impacting the production costs of VER. Additionally, downstream industries such as composite, coating and adhesive continued showed weak demand for VER in both Europe and China
In the European market, particularly in Spain, there was a monthly depreciation of xx in VER prices in January xxxx. This trend continued into February, largely driven by sluggish demand...
