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The North American Zirconium Silicate Prices witnessed a downward price trajectory during Q3 2022, supported by low demand from the downstream industries amidst adequate inventories. As per the data, in order to cool down inflation, Fed raised the interest rate, eventually leading to a slowdown in the economic activities of the country. Thus, post these frequent revisions in rates, a significant slowdown in economic activities was observed, which also includes dullness in the construction sector. Furthermore, rising natural gas prices also remained a matter of concern for the key players, as it was affecting the costs of production and eventually pressuring their profit margins.

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