The German market for Fumed Silica, a key material in various construction applications, has been experiencing a marginal price decline during April xxxx following a price correction. This downturn was attributed to a slowdown in the downstream construction industry coincided with high interest rates. Europe&#xx;s booming property sector, fueled by years of low interest rates and strong demand, has come crashing down. Rapidly increasing interest rates and construction costs have squeezed developers, leading to project cancellations and even company liquidations. This slump in the construction industry, especially in Germany, has dragged on far longer than initially anticipated. The expected rebound hasn&#xx;t materialized, leaving the sector in a prolonged state of weakness.
The ailing construction sector directly impacts industries that supply its needs, including Fumed Silica producers. With declining construction activity, the demand for Fumed Silica has significantly weakened which resulted in a market bearishness to settle the...
