Hamburg, Germany: The Butyl Acrylate markets in the US and Germany face bearish trends, with declining prices and weak market sentiment influenced by challenging economic conditions.
The European Butyl Acrylate market continues to face a declining trend, primarily driven by reduced demand stemming from ongoing challenges in the construction sector and declining production costs. During the week ending November xxth, the market stabilized at a lower level, with prices around USD xxxx/MT (FD-Hamburg). Bearish trends in feedstock markets, including Acrylic Acid and n-butanol, have contributed to reduced production costs, exerting further downward pressure on Butyl Acrylate prices. The Eurozone construction industry remains under strain, with housing activity in October hitting record lows, significantly impacting demand for Butyl Acrylate. Additionally, domestic players are prioritizing year-end destocking to optimize inventory levels, exacerbating the demand slump. These combined factors underscore a challenging market environment as economic pressures and...
