Price trend

According to monitoring data from SunSirs, as of June 30, 2023, the domestic market price of silicone DMC was referenced at 14,140 RMB/ton, which was reduced by 180 RMB/ton compared to June 1 (silicone DMC reference 14,300 RMB/ton), a decrease of 1.26%.

Analysis review

From the data monitoring chart of SunSirs, it can be seen that from June to present (6.1 to 6.30), the overall domestic silicone DMC market had experienced a slight decline. In early June, downstream demand for silicone DMC continued to be weak. Shandong large factories slightly lowered the price of silicone DMC, leading to a slight decline in the overall market. As of June 15th, the domestic silicone DMC market price was around 14,000-14,500 RMB/ton, with a decrease of 0.84% in the first ten days.

In late June, the overall silicone DMC market continued to decline slightly. Due to the continued weak demand and general support for raw materials, the trading atmosphere in the silicone DMC market remained mainly light. Some silicone DMC suppliers narrowly lowered the prices of silicone DMC by around 100-200 RMB/ton. Before and after the Dragon Boat Festival, the supply and demand news of the silicone DMC market was relatively calm, with downstream demand being cautious. The overall market consolidation and operation were sideways. As of June 30, the domestic silicone DMC market price was around 14,000-14,300 RMB/ton, with a decrease of 1.26% during the month.

Market outlook

As of the 30th, the trading atmosphere in the silicone DMC market was average, with limited trading of new orders on the market. Weak costs also provided limited cost support to the silicone DMC. According to the silicone DMC data analyst of SunSirs, in the short term, the domestic silicone DMC market is mainly subject to narrow range adjustment and operation, and the specific trend still needs to pay more attention to changes in supply and demand news.

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