The US Glass Fiber market experienced a significant downturn in August xxxx after witnessing supply chain disruptions due to hurricane seasons. Previously, the supply chain was severely disrupted by the start of the rainy season, which led to bullish sentiment in the Glass Fiber market. Moreover, the hurricane season further hampered the supply chain activity. However, during August the ease in supply pressure coupled with reducing freight costs, economic uncertainties, and intense competition from Chinese manufacturers, all contributed to the downward pressure on prices. While the downstream automotive sector&#xx;s recovery provided a temporary boost, it was ultimately insufficient to counteract these negative influences. As a result, the Glass Fiber prices in the USA showcased a considerable downward trend in August xxxx.
Despite the increased demand from the automotive industry, a key consumer of Glass Fiber, the market remained sluggish. As per...
