Price trend

According to monitoring data from SunSirs, as of August 10, 2023, the domestic silicone DMC market reference price was 13,320 RMB/ton. Compared to the 86 day (silicone DMC reference was 12,900 RMB/ton), the price increased by 420 RMB/ton, an increase of 3.26%.

Analysis review

From the monitoring chart of SunSirs data, it can be seen that this week (8.06-8.10), the domestic silicone DMC market as a whole saw an upward trend. This week, the upward trend in the raw material metal silicon market had provided increased cost support for silicone DMC, and the silicone DMC market had also begun to adjust prices positively with the trend of raw materials. The downstream silicone product market of silicone DMC was also showing an upward trend, and the industry chain had provided some market support for the silicone DMC market from bottom to top. From mid week to weekend, silicone DMC factories in some regions in China actively increased the price of silicone DMC by around 200 to 600 RMB/ton. As of August 10th, the domestic market price of silicone DMC was around 13,300-13,600 RMB/ton.

Market outlook

As of August 10th, the trading atmosphere on the silicone DMC market was mild, and downstream stably stocked. The silicone DMC data analyst at SunSirs believes that in the short term, the domestic silicone DMC market will mainly be stable with small changes, and the specific trend still needs to pay more attention to changes in supply and demand news.

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