Price trend

According to the monitoring data of SunSirs, as of December 25, the average price of silicone DMC market quotes was 22,666 RMB/ton. Compared with the price of the previous day (24th), it was reduced by 6,333 RMB/ton, a daily decrease of 21.84%; Compared with the price at the beginning of the month (the reference price of 33,333 RMB/ton on December 1), the average price was reduced by 10,677 RMB/ton, a drop of 32%.

The demand weakened, silicone DMC market continued to fall in December

Entering December, the trend of silicone DMC's rising trend has eased. The strong quotations that have lasted for nearly two months have made downstream companies have a strong sense of resistance to high prices. The downstream wait-and-see mood has increased, and the buying enthusiasm has also declined. Therefore, on the 2nd of the month, Shandong organic silicon DMC leading manufacturer took the lead in lowering the silicone DMC ex-factory quotation by 2,000 RMB/ton. As of the 13th, the reference silicone DMC ex-factory quotation was 32,000-33,000 RMB/ton. In the following week, some silicone factories lowered their DMC ex-factory quotations twice, within a week by 1,000-5,500 RMB/ton. As of the 21st, the mainstream market offers were around 28,000-30,000 RMB/ton. After the silicone DMC fell, the downstream did not set off a large-scale replenishment of positions, and most of them were still waiting to see the decline.

On the 25th, a few silicone DMC manufacturers in Shandong once again sharply lowered their DMC ex-factory quotations to 22,000 RMB/ton, by 5,000 RMB/ton. The rest of the factories also began to cut profits, and successively lowered their silicone DMC ex-factory prices. The market has dropped a lot." The price of silicone DMC ex-works was around 22,000-23,000 RMB/ton. As of December 25, according to the monitoring data of SunSirs, the average price of silicone DMC market quotation was 22,666 RMB/ton, compared with the previous day (24th) price, dropped by 6,333 RMB/ton, a daily decline of 21.84%; Compared with the price at the beginning of the month (the reference price of 33,333 RMB/ton on December 1), the average price was reduced by 10,677 RMB/ton, a drop of 32%.

The prices fell to a relatively low level, and the market outlook will remain stable

At present, the domestic market for silicone DMC has fallen sharply a few days later and has fallen to a relatively low space, and new downstream orders have been followed up. Therefore, the silicone DMC data engineer of SunSirs believes that the silicone DMC market has limited room for continued decline in the short term, and mainly maintains stable operation.

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