In the global market, Silicone Rubber prices experienced a notable decrease in October xxxx, primarily driven by a temporary correction following a period of sustained price increases. This downward adjustment in the Silicone Rubber price was influenced by reduced purchasing activity across key sectors, as buyers anticipated potential further price adjustments. The cautious stance adopted by end-users and manufacturers, amid uncertainty in market conditions, contributed to the easing of demand pressures, ultimately affecting the overall pricing dynamics of Silicone Rubber.
In the European market, Silicone Rubber prices fell to xx,xxx USD/MT DDP-Hamburg during the month. This decline in the Silicone Rubber price aligned with the reduced sourcing costs from key exporters in the Chinese market, where competitive pricing pressure influenced import dynamics. On the industrial side, Wacker Chemie AG reported a sales decline for Qx xxxx, recording €x.xx billion in revenue, down xx from €x.xx billion in...
