Bearish Acrylic Acid Market in Germany: Downstream Construction Sector Slump Fuels Decline

Bearish Acrylic Acid Market in Germany: Downstream Construction Sector Slump Fuels Decline

Patricia Jose Perez 27-Jun-2024

Hamburg, Germany: The Acrylic Acid market in European region is stable, with most countries maintaining consistent trends. However, Germany stands out as an exception, experiencing a downward trend. This decline is primarily due to the weak performance of the downstream construction enterprises, which affected related sectors such as paints and coatings which significantly impacted the demand for the Acrylic Acid market.

In the German market, Acrylic Acid prices are exhibiting a bearish trend. During the week ending on June xxst, prices fell by x.xxx, settling at USD xxxx/MT (FD-Hamburg). Market participants report that current inventory levels of Acrylic Acid are adequate, but demand from the downstream coating and construction sectors remains weak. As one of Europe&#xx;s largest economies, Germany&#xx;s construction sector is showing signs of contraction. Over the past week, construction activities remained stagnant on the lower side, mirroring broader economic uncertainties and market challenges. Supporting the...

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