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SunSirs: Silicone DMC Rose at the End of the Month

September 02 2020 14:50:32     SunSirs (John)

According to the monitoring data of SunSirs, as of August 31, the average price of the organic silicon DMC market in the mainstream areas of the data monitoring was 16,866 RMB/ton. Compared with August 30, the average price was raised by 260 RMB/ton, an increase of 1.61%. Compared with August 1, the average price was raised by 260 RMB/ton, an increase of 1.61%.

In August, the overall market situation of silicone DMC was weak

In August, the domestic silicone DMC market was generally weak and steadily operating. At the beginning of the month, the quotations of DMC factories saw a slight upward adjustment, and the market demand was general. In mid-August, some factories stimulated sales and led the market to lower their quotations. The market experienced a slight shock and then recovered stable. During the last ten days of August, the silicone DMC market was mainly stable, the market quotation was almost no fluctuation, the downstream purchasing atmosphere was dull, the demand was general, and mainly purchased when use. Until the 25th, mainstream transaction prices in the silicone DMC market fluctuated within a narrow range and adjusted downward.

On the 31st, the "Golden September market" appeared. The rise in raw materials gave strong support to the silicone DMC. On the last day of August, the silicone DMC rose strongly, and the offers of many factories were raised one after another. The increase was 300-800 RMB/ton, the largest increase was 1,000 RMB/ton. Currently, the mainstream domestic silicone DMC quotations are 16,800-17,200 RMB/ton, low-end offers are 16,500 RMB/ton, up 500 RMB/ton from last week, and high-end offers are 17,500 RMB/ton, up 1,000 RMB/ton from last week At present, downstream demand has improved, and the replenishment atmosphere is positive. The industry is more optimistic about the market outlook.

On the upstream side, in August, the overall market for silicon metal rose. On August 31, the reference price of metal silicon was 11,208.33 RMB/ton, which was an increase of 1.97% compared with August 1 (10,991.67 RMB/ton). At present, the price range of #441 metal silicon in Fujian area is 10,700-10,800 RMB/ton, the price range of #441 metal silicon in Sichuan area is 11,000-11,100 RMB/ton, and the price range of #441 metal silicon in Kunming area is 10,900-11,000 RMB/ton. The price range of #441 silicon metal in Shanghai area is 11,700-11,900 RMB/ton, the price range of #441 metal silicon in Tianjin Port is 11,300-11,500 RMB/ton, and the price range of #441 silicon metal in Huangpu Port is 11,200-11,400 RMB/ton.

Welcome to the traditional peak season of "Golden September", DMC may welcome a new round of rising

The rise in prices at the end of August gave the market a good start in September. At present, facing a one-month downturn, most of the industry players are actively bidding prices, and the market outlook is likely to be bullish. "Golden September and Silver October", the traditional peak season has come, and the downstream has also entered phased replenishment, which will drive the overall improvement of the market and give the industry confidence. It is expected that the silicone DMC market may welcome a new round of market rise in September.

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