During the first half of January xxxx, Potassium Silicate followed a contrasting trend in the European and Asian markets. European countries experienced a decline in prices, whereas the Asian market, particularly China and India, observed an increase in demand for Potassium Silicate from downstream glass, paint, and construction industries. These changes were shaped by factors such as economic slowdown, geopolitical tensions in the Middle East, and disturbances in the Red Sea&#xx;s supply chain, causing elevation in freight rates that affected the pricing trend of imported materials.
In Europe, the Potassium Silicate market encountered challenging conditions, with prices exhibiting a downward trend. This decline follows a xx depreciation in Potassium Silicate costs in December, primarily driven by lackluster demand from downstream industries, including construction and glass. The economic slowdown in the country significantly contributed to reduced construction activity towards the end of the preceding year. Furthermore,...
