The price of Glass Fiber, a critical material used in downstream automotive sectors including car parts to windshields, has seen a relentless upward trajectory across Europe, including Germany during June xxxx which has sent shockwaves through the global supply chain, impacting not just European manufacturers but also the broader international market.
A recent easing of interest rates has rebounded the demand from the downstream automotive sector. While vehicle prices remain high, the modest interest rate cuts have enticed more consumers into the market, leading to a significant increase in demand for Glass Fiber. This surge in demand comes at an inopportune time, as global supply chains are still grappling with the aftereffects of past disruptions. While June typically sees a rise in sales due to promotional offers, the import challenges and high freight charges have disrupted both domestic European demand and...
