In the first half of November xxxx, the Fused Silica market witnessed a downward price trend across Asia and Europe due to bearish market sentiment as the year approached its end. In Asia, reduced demand from the construction sector, particularly for refractory materials and adhesives, alongside weaker consumption from the glass industry, drove the decline. Typhoon-induced severe weather and port congestion further disrupted construction activities, amplifying the decrease in Fused Silica usage. Similarly, Europe experienced economic slowdowns and weak housing sector demand, which dampened consumption of construction materials, including Fused Silica. Additional pressure stemmed from supply chain disruptions along critical trade routes, geopolitical tensions, and congestion at major Asian ports. As a result, Chinese Fused Silica prices dropped by x.xx, settling at USD xxx/MT FOB Shanghai by November xx, reflecting the challenges faced in both regions.
The European Fused Silica market has faced a significant...
