The US Fumed Silica market experienced a significant rebound in September xxxx, driven by heightened demand from the construction sector and supply chain disruptions due to hurricanes and port strikes which certainly increased freight rates. Previously, the low demand from the downstream construction industry has declined the orders for Fumed Silica as US construction spending decreased by x.xx in August xxxx compared to the same month the previous year. However, as the Federal Bank decided to cut the interest rate, the demand for Fumed Silica has certainly increased which further boosted the consumer sentiments.
Following a period of decline in the Fumed Silica market due to low construction spending, consumer sentiment has been boosted by the Federal Bank&#xx;s decision to cut interest rates. As a result of declining mortgage rates and the Fed&#xx;s xx basis point rate drop, home sellers raised the number of...
