In the second half of August xxxx, the European Glycol Ether market players decreased their prices by x.xx amid depressed demand and offtakes from buyers. The orders for Glycol Ether to produce adhesives, paints, and coatings fell due to sluggish consumption of materials from the downstream construction sector. In July, the eurozone construction sector continued to contract sharply, with activity plummeting notably in the past six months. This acceleration in decline was driven by a significant downturn in housing activity, which proved to be the weakest segment. Despite this, cost burdens rose only modestly. The Eurozone Construction PMI Total Activity Index fell in July from June xxxx, reflecting a steep decline in total output. Simultaneously, the inquiries for Glycol Ether from daily care product manufacturers were stable due to the moderate consumption of end products by domestic buyers. At the same time, the provisional month-on-month Consumer Price Index...
