In December xxxx, Iron Oxide witnessed a surge in prices across the global market as the market demand remained healthy in the USA, Brazil, China, India, and Europe.听 The increase in price trajectory can be linked to the surge in demand for Iron Oxide from the downstream construction and paints and coating industries in the global market. Moreover, the rise in shipping costs stemming from geopolitical tensions in the Middle East, disturbances in the supply chain caused by diminished water levels in the Panama Canal, and an attack by Houthi rebels impacting Red Sea transportation amid an economic downturn, have jointly shaped market conditions in this timeframe, influencing the pricing of Iron Oxide. These factors have led to a price surge of xxx in Germany, x.xx in the USA and Brazil, and the Asian market, particularly China and India witnessed an escalation of x.xx this month...
