Fluoroelastomer Prices, Pricing, Demand & Supply
North America In the North American region, Fluoroelastomer prices saw a decline in the fourth quarter of 2023, aligning with the reduction in Crude Oil prices in the U.S. market. Despite a positive upswing in U.S. vehicle sales, with a noteworthy month-on-month increase surpassing expectations in December, economic challenges endured. The overall economic landscape indicated a resurgence of declining output, accompanied by heightened declines in new orders, revealing vulnerabilities in both domestic and external demand. The decrease in crude oil prices contributed to reduced production costs for Fluoroelastomer, with industries maintaining ample inventory and operating with moderate supply levels. However, challenges arose in the Panama Canal, where significant vessel draft limitations resulted from unusually low water levels in Gatun Lake, leading to traffic buildup. This situation prompted companies to adapt their input procurement strategies. Fluoroelastomer prices ...