In November xxxx, the Acrylonitrile market exhibited a bearish trend, and prices witnessed a substantial decline, compared to the start of the fourth quarter, reflecting a weak market outlook.
The inquiries for Acrylonitrile were sluggish from Acrylonitrile Butadiene Styrene and Styrene Acrylonitrile manufacturers due to the low consumption of materials in the construction sector. Acrylonitrile consumption rates were stable to produce adhesives and sealants in the construction sector, bolstered by the availability of existing stock. According to the U.S. Bureau of Labor Statistics, the Producer Price Index (PPI) for adhesives and sealants remained unchanged in October xxxx compared to the previous month. In October xxxx, the U.S. construction sector faced ongoing challenges from labor and material shortages, which continued to delay projects and strain cash flows. Despite a seasonally adjusted annual rate of USD x,xxx.x billion in construction spending for September—up x.xx from xxxx—project delays...
