The Glass Fiber market admitted a significant downturn in February xxxx, with prices dropped by a concerning x.xx. This plunge was directly attributed to a slowdown within the downstream automotive industry, a major consumer of Glass Fiber. This slowdown coincided with the Spring Festival holiday in South Korea which dampened the market activity during this timeframe. Statistics from the significant enterprises paint a concerning picture, revealing a decrease in sales figures for leading South Korean automakers. This suggests a weaker consumer interest in purchasing cars, which ultimately translates to a reduced demand for Glass Fiber used in car manufacturing during February xxxx.
Looking closer at the South Korean market, February witnessed a stark decline in new car sales. Compared to the same month in xxxx, sales figures plummeted by a staggering xx.xx. This dramatic drop was attributed to the Lunar New Year holiday impacted...
