In December xxxx, Zirconium Silicate followed a downward trajectory in the global market primarily driven by lackluster demand from the downstream construction industry. Germany&#xx;s manufacturing sector faced challenges as reduced new orders persisted, putting pressure on production levels. To maintain output, manufacturers frequently turned to address accumulated work backlogs as manufacturers sought to decrease their inventory levels by the year-end. This decision was influenced by various factors, including diminished customer demand, financial constraints, and enhanced material availability.听 Further, the US and Asian markets saw a decline in Zirconium Silicate costs amid the low cost of imported material and sluggish demand.
The cost of Zirconium Silicate depreciated by xx in the Europe particularly in Germany, Italy, Poland, and Spain amid lackluster demand from the downstream construction industry due to the economic slowdown. Towards the conclusion of the year, there was minimal improvement observed in German...
