During the first half of March ****, prices of Chlorosulphonated Polyethylene Rubber experienced a continuing upward trend in the overall Asian market. This Underlying trend is primarily driven by the demand from the downstream industries specifically automotive and construction sectors.
In China, general manufacturing PMI rose to **.* in Feb **** from **.* in the previous month. This marked the highest reading since last year. As per the market report, sales of automobiles in the Chinese market show a decline in February by *** versus January. But the annual trend indicates the inclining behaviour of sales in March. The raw material Polyethylene containing High and Low Density also shows an upward trend in February. Whereas the raw material chlorine remained stagnant which was settled at USD **/tonne.
Similar to China, India has also showed an upward trend of the Chlorosulphonated Polyethylene Rubber while...
