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SunSirs: The Silicone DMC Market Was Up This Week (January 13-18)
January 19 2023 11:02:27SunSirs(John)

Price trend

According to the monitoring data of SunSirs, as of January 18, 2023, the reference price of domestic silicone DMC market was 16,880 RMB/ton. Compared with the price of January 13, 2023 (the reference price of silicone DMC was 16,660 RMB/ton), the price increased by 22 RMB/ton, or 1.32%.

Analysis review

It can be seen from the data monitoring chart of SunSirs that this week (1.13-1.18), the domestic silicone DMC market overall showed upward movement. After raising the price of silicone DMC last week, Shandong large factories raised the price of silicone DMC again this week to 16,800 RMB/ton, with an increase of 200 RMB/ton. There was an increase in the phenomenon of no quotation in the silicone DMC field. Most of the downstream of the silicone DMC had started to have holidays, and the downstream demand was general. At the pre-festival stage, the cost of silicone DMC was not large, and the main factories were still looking forward to rising. On January 18, the domestic silicone DMC market price was around 16,800-17,000 RMB/ton.

Market outlook

As the Spring Festival approaches, domestic logistics and transportation are also basically suspended. The current trading atmosphere in the silicone DMC market is general. It is expected that the supply and demand information of the market will not change much before the festival. The silicone DMC statistician of SunSirs believes that in the short term, the domestic silicone DMC market is likely to be sorted and operated in intervals. The specific trend needs to pay more attention to the changes in the supply and demand information in the future.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com

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