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SunSirs: The Silicone DMC Market Was Weak and Declined This Week (May 7-11)
May 11 2023 13:46:03SunSirs(John)

Price trend

According to the monitoring data of SunSirs, as of May 11, 2023, the domestic silicone DMC market reference price was 14,500 RMB/ton, and on May 7 (silicone DMC reference price was 15,080 RMB/ton), the price fell 580 RMB/ton, or 3.85%.

Analysis review

From the data monitoring chart of SunSirs, it can be seen that this week (5.07-5.11), the domestic silicone DMC market was generally weak and declining. Entering this week, the overall atmosphere of the silicone DMC market has not improved significantly. Downstream demand is cautious, and demand support is still loose. At the beginning of the week, Shandong large factories continuously lowered the price of silicone DMC, with a cumulative decrease of around 500 RMB/ton. Subsequently, in the middle of the week, other factories also began to adjust with the decline, with an adjustment range of around 200 RMB/ton. As of May 11, the market price of silicone DMC in China is around 14,300-14,800 RMB/ton.

Market outlook

At present, the trading atmosphere in the domestic silicone DMC market is average, and the overall downstream demand is still weak. There is little change in the start of silicone DMC construction, and there is still some pressure on the supply side in some regions. The silicone DMC data analyst from SunSirs believes that in the short term, the domestic silicone DMC market is mainly subject to minor adjustments, and the specific trend still needs to pay more attention to changes in supply and demand information.

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

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