The price of Fumed Silica in China experienced a significant surge in June, driven by a confluence of factors impacting both supply and demand. Disruptions in the supply chain have played a major role in the price increase. These disruptions were directly linked to the ongoing rainy season and subsequent port closures due to heavy rainfall and infrastructure damage. Rising water levels caused by heavy rainfall inundated critical transportation infrastructure, including roads, bridges, and railway tracks. This effectively halted the movement of goods and raw materials across affected regions. The resulting shortages of essential supplies in flooded areas and delays in deliveries to other regions had a domino effect, impacting various supply chains, including those for Fumed Silica.
The market of Fumed Silica witnessed a significant rebound to settle at USD xxxx/MT, FOB Shanghai with a hike of x.xx during June xxxx. The disruptions caused by flooding...
