Silicone oil prices in Europe witnessed a mid-week surge in February xxxx following a period of decline, driven by shifting supply-demand dynamics and external economic factors. This spike marks a notable shift in Europe’s industrial landscape, influenced by manufacturing activity, automotive production, crude oil trends, and trade policies. It signals a potential market recovery as traders and manufacturers react to fluctuating input costs and industrial trends.
The resurgence in silicone oil prices comes as manufacturing activity in Germany shows signs of stabilization. While the manufacturing activity rose in February, indicating the slowest contraction in two years, production remains subdued. The increase in silicone oil prices coincides with a cautious rebound in factory output, supported by backlogged orders rather than new demand. Additionally, heightened competition among manufacturers had initially pressured prices downward, but February’s price spike suggests a shift in procurement strategies and market adjustments.
The German...
