Texas (USA): The prices of Insoluble Sulphur largely remained rangebound throughout February. This trend was due to the active supply of inventories in the market. Insoluble Sulphur manufacturers were operating at stable capacity. The demand from the Insoluble Sulphur downstream tyre industry was firm, leading to constant downstream inquiries.
A major industrial player in the tyre segment globally, Michelin, reported in its Qx xxxx press release, which was released on February xxth, xxxx, that the most growing segment was the original equipment segment, while the replacement segment faced high destocking. In the North American market, the original equipment segment grew by xx in xxxx, driven by new car demand throughout the year. According to Michelin, the replacement segment remained unchanged from the year before.
Overall, the trends continue till now; the demand from the Insoluble Sulphur downstream tyre industries remains on the higher side, leading to...
