In the global market, the price of the Silicone Rubber witnessed a notable decrease in March. This decrease in the Silicone Rubber price is majorly attributed to the lower production cost from the Chinese market with respect to the declining Silicon Metal price withing the region. Additionally, despite outperformance in the Automobile sector globally, the European nations economic underperformance dampened the Silicone Rubber consumption thereby hammering the price towards downside.
In March xxxx, Silicone Rubber prices in China edged down to around USD xxxx/MT FOB-Shanghai, with the shift largely tied to falling costs in the upstream silicon metal market. Softer demand from key sectors combined with stable supply, pushed silicon metal prices lower — easing input costs for producers. That gave suppliers room to offer more competitive prices without squeezing their margins. At the same time, demand for Silicone Rubber held steady, with ongoing activity in China’s...
