In December xxxx, the global market experienced a decrease in the price of Silicone Rubber, primarily influenced by varying demands from the downstream Automobile and Construction sectors. The ongoing destocking of inventories among suppliers, coupled with diminished bidding activities or an anticipation of ample inventory availability among suppliers, played a significant role in this downturn of Silicone Rubber. Additionally, favorable freight charges had an additional impact on trade business dynamics during this period.
In the German market, Silicone Rubber faced a decline of x.xxx in December xxxx, despite a rise in Silicon metal prices. In terms of downstream market demands, Challenges in the automotive sector, marked by a xxx decrease in new car registrations due to the early termination of EV incentives, directly impacted Silicone rubber demand. The broader Eurozone experienced an inflation reversal at x.xx in December yet manufacturing and services sectors saw output contractions....
