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SunSirs: This Week, the Domestic Silicone DMC Market Ushered in an Upward Trend (February 6-10)
February 14 2023 09:40:06SunSirs(John)

Price trend

According to the monitoring data of the SunSirs, as of February 10, 2023, the domestic market price of silicone DMC was 17,140 RMB/ton, which was increased by 380 RMB/ton, or 2.27%, compared with the price on February 6, 2023 (the reference price of silicone DMC was 16,760 RMB/ton).

Analysis review

It can be seen from the data monitoring chart of SunSirs that this week (2.06-2.10), the domestic silicone DMC market ushered in a steady rise. At the beginning of this week, Shandong big factory continued to raise the ex-factory price of silicone DMC to around 17,000 RMB/ton, and many other factories also gradually started to increase the price. The increase range was around 200-400 RMB/ton. The overall response of the silicone DMC market was good, and the trading atmosphere was mild. Near the weekend, Shandong Big Factory again raised the price of silicone DMC to around 17,300 RMB/ton. The price difference between the high and low levels of the silicone DMC market narrowed, and the overall focus of the market continued to move up, As of February 10, the market price of domestic silicone DMC was around 17,100-17,500 RMB/ton.

Market outlook

As of the 10th, the inquiry atmosphere in the silicone DMC market was relatively active, the downstream demand was gradually expanding, and the operators were in a positive attitude. The silicone DMC data analyst of SunSirs believes that in the short term, the domestic silicone DMC market will mostly continue to operate in a stable and stronger way, and the specific trend in the future needs to pay more attention to the changes in the supply and demand information.

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

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