The price of the Silicone Rubber witnessed a notable surge in February. This surge in the Silicone Rubber price is majorly attributed to the increase in the price of the feedstock majorly Silicon Metal. The downstream Automobile market performance also witnessed a surge in the overall European and the US market. The supplier’s activities of the absolute dumping from past few sessions have resulted into a marginal accumulation or with respect to the price correction of the Silicone Rubber. These key factors have majorly affected the price of the Silicone Rubber throughout the respective markets.
In the European market, particularly in Germany, there has been a notable increase in Silicone Rubber prices in February, reaching xxxx USD/MT DDP-Hamburg, indicating a rise of x.xxx. In the downstream Automobile market, despite a rise in German car sales in February, partly due to an extra leap year day, the demand...
