Price trend

According to the monitoring data of SunSirs, as of September 6, the average price of silicone DMC market quotation in the mainstream regions of China was referenced at 19,320 RMB/ton, which was 320 RMB/ton lower than the price on September 1, 2022 (reference price of 19,640 RMB/ton), a decrease of 1.63%.

Analysis review

It can be seen from the data monitoring chart of SunSirs that, looking back at the beginning of August, with the support of the high raw material market, the center of gravity of the silicone DMC market is also moving up. However, with the decline of the raw material market in late August, the cost support weakened, and the silicone DMC market also fell weakly. Entering September, the traditional gold September is not obvious in the silicone DMC market. In the first two days of the month, the silicone DMC market continued to continue the decline at the end of August. Some suppliers with higher quotations in the early stage continued to adjust the price of silicone DMC downwards. The price difference between the high and low prices of silicone DMC narrowed, and then the market was weak and consolidated, and there was no obvious fluctuation. It can be said that the adjustment of fluctuations in the market was more cautious. Until September 5th, large factories in Shandong slightly raised the ex-factory price of silicone DMC, with a cumulative increase of around 200 RMB/ton in two days. Other monomer factories and suppliers mostly kept their prices stable. As of September 6, the domestic silicone DMC market price was around 18,900-19,800 RMB/ton.

In terms of upstream silicon metal, since September (9.1-9.5), the domestic silicon metal (product name: 441#) market has shown an overall upward trend. According to the data monitoring of SunSirs, on September 5, the reference price of metal silicon was 19,760 RMB/ton, an increase of 1.02% compared with September 1 (19,560.00 RMB/ton).

Market outlook

In recent days, the market of raw metal silicon has recovered, which has led to a slight upward trend in the organic silicon DMC market. The overall trend of the organic silicone DMC market is relatively conservative. Before the holiday, the rhythm of downstream stocking is slowly opening. The organic silicon DMC data engineer of SunSirs believes that in the short term, the domestic organic silicon DMC market is mainly stable with small fluctuations, and the specific trend needs to pay attention to the news changes on the supply and demand side.

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