In the asian market, Leatherette price witnessed a notable decline in Apil xxxx marked by the decrease in the demand from the downstream market. Lower overseas market demand coupled with the subdued regional Automotive sector performance and the lower consumer actions hammered the demand for the Leatherette which resulted in the price decline of the Leatherette in the respective period.
In the Chinese market, the demand for the Leatherette witnessed a notable fall in Apil xxxx marked by the weakness in the Automotive sector. According to the China Association of Automobile Manufacturers (CAAM), a total of xxxxxxx automobiles were sold in April xxxx, marking a xx.xxx decrease compared to the previous month.
China is seeing a noticeable drop in consumer spending as economic challenges and trade tensions weigh on household confidence. This slowdown is hitting demand for leatherette-based...
