In the latter part of February, the Fluoroelastomer market in Europe experienced a slight increase in prices. This upward shift in the Fluoroelastomer price is primarily driven by heightened demand from key downstream sectors, including the Automobile and Aerospace & Defense industries. The notable surge in economic activities along with the supplier鈥檚 activeness in the accumulation initiation activities for Fluoroelastomer across Europe has played a significant role in the strong performance observed in various sectors, thereby influencing the demand for Fluoroelastomer across core industries.
In Europe particularly Netherlands, The Fluoroelastomer market experienced a surge, reaching xx,xxx USD/MT FOB-Rotterdam, indicating a x.xxx increment in the latter part of February. This rise comes in the context of the Euro Area economy, which managed to avoid a technical recession in the second half of xxxx. After a x.x percent contraction in Qx and stagnation in Qx, recent data suggests...
