The price of the Silicone Rubber witnessed a stable trend in the global market in January xxxx. This stability is majorly attributed to the mixed demand witnessed from the global Automobile and the Construction sector market. The muted bidding from the suppliers has resulted into the stable trend observed in the price of the Silicone Rubber this month.
In the European market, specifically in the Netherlands, Silicone Rubber prices have remained stable at xxxx USD/MT DDP-Rotterdam this month. The steady pricing is attributed to factors such as a consistent unemployment rate, positive economic sentiment, and optimistic employment expectations in the Euro area and the EU, despite existing geopolitical uncertainties. The European Central Bank&#xx;s decision to maintain a high-interest rate of x.xx during its initial xxxx meeting aims to address inflation concerns and potential economic challenges. In January, the Western Europe new car selling rate slightly decreased to...
