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SunSirs: Can Silicone DMC Rurn Over at the End of the Month?

April 28 2020 13:30:55     SunSirs (John)

Price trend

According to SunSir’s data, as of April 26, the average market price of silicone DMC in several mainstream areas monitored by the data was around 14,633 RMB/ton, slightly increased by about 33 RMB/ton compared with the lowest price of this week (reference 14,600 RMB/ton on April 21); decreased by about 570 RMB/ton compared with the beginning of the month (reference 15,200 RMB/ton on April 1), the decrease was 3.5%.

 

Analysis review   

Product: In late April, the overall market of silicone DMC remained weak and low-level operation. Influenced by the factors such as the trading volume of downstream silicone rubber market slightly recovered, some low-end quotations raised prices slightly last week, with the adjustment range of around 100-200 RMB/ton. This slight price increase of individual manufacturers has not played a certain role in boosting the end market. The downstream wait-and-see attitude remains the same, purchasing on demand and cautiously hoarding goods. In the early stage, the bidding game of the factory has eased the inventory to a certain extent. At present, the market has mostly stabilized operation, and another regulation of the market is closely related to the operating rate. In the future, the operating rate of the single factory still needs to be paid attention to. As of April 26, the mainstream market of silicone DMC was weak and volatile. The mainstream reference was around 14,500-15,300 RMB/ton, and the low-end quotation was around 14,100 RMB/ton.

Industrial chain: Upstream metal silicon Market: at present, the export transactions are still light, the foreign trade market is weak, and the spot trade of port traders is not hot at present; the domestic trade and investment are relatively higher than the earlier stage. On the 26th, the price of the # 441 silicon market in the Huangpu Port area remained stable, and the current price range was 10,800-10,900 RMB/ton, the average market price was 10,850 RMB/ton; the price of the # 441 silicon market in the Tianjin Port area remained stable, and the current price transaction range was 10,800-10,900 RMB / ton, the average market price is 10,850 RMB/ton; the price of the # 441 silicon market in Kunming area is stable, the current price range is 10,600-10,700 RMB/ton, the average price is 10,650 RMB/ton; Sichuan area silicon market # 441 silicon price is stable, current price range is 10,500-10,600 RMB/ton, average price 10,550 RMB/ton.

 

Market outlook

It is expected that the silicone DMC will focus on maintaining stability in the near future. The downstream market will slowly pick up recently, or it will drive the silicone DMC market to improve steadily.

 

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