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SunSirs: In July, Silicone DMC Rose First and Then Fell, with an Overall Increase of 2.13% (July 1-26)

July 27 2022 15:21:55     SunSirs (John)

Price trend

According to the monitoring data of SunSirs, as of July 26, 2022, the reference price of silicone DMC in mainstream areas was 20,100 RMB/ton, compared with the price on July 1, 2022 (silicone DMC reference price 19,680 RMB/ton) , the price increased by 420 RMB/ton, or 2.13%.

Analysis review

It can be seen from the data monitoring chart of SunSirs that from July 1 to 26 (7.1-7.26), the domestic silicone DMC showed an overall upward trend. In the first ten days of July, the domestic silicone DMC market was steadily rising. Shandong manufacturers and leading enterprises in East China raised the ex-factory price of silicone DMC. As of July 15, the domestic silicone DMC market price was around 20,600-21,000 RMB/ton, and the price increased by 500-1,000 RMB/ton in the first ten days, a half-month increase of 6.1%.

In terms of upstream silicon metal, domestic silicon metal prices remained stable in late July. Silicon factories were more willing to stabilize prices due to cost support, and the market performance was relatively strong, but demand was still relatively flat, and the wait-and-see mood was strong. As of July 26, according to the price monitoring of SunSirs, the average domestic market price of 441# silicon metal was 18,120 RMB/ton, which was the same as last week's price.

Market outlook

At present, the downstream demand of silicone DMC is cautious, the purchase is relatively calm, and the factory is actively receiving orders in August. The silicone DMC data engineer of SunSirs believes that in the short term, the domestic silicone DMC market is mostly weak and consolidating, and the specific trend still needs to be paid more attention to the fundamental changes in supply and demand.

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

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