Germany- The SBR prices in the European market gained strength in the initial working days of January xxxx amidst moderate demand and better sales volume. The tire and automotive industries witnessed increased sales of petrol vehicles, preferably passenger cars, towards the end of xxxx. The number of inquiries faced by SBR manufacturers picked up the pace in the first week of Qx xxxx post-holidays by the SBR end-use manufacturing units. However, the significant determinant influencing the ultimate costs of commodities is predominantly dictated by the volatility in crude oil prices.
In xxxx, new car sales in Germany experienced an upswing, as per data released by the KBA (Kraftfahrt Bundesamt) Federal Transport Authority. The prevailing lack of investment has been further compounded by specific circumstances. European expenses are less competitive compared to those in the Middle East or Asia, and while European oil demand is on...
