SunSirs: Silicone DMC Market Rose Slightly This Week (January 3-6)
January 11 2023 13:31:09 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, as of January 6, 2023, the reference price of the domestic silicone DMC market was 16,580 RMB/ton, which was 40 RMB/ton higher than that of January 3, 2023 (16,540 RMB/ton), an increase of 0.24%.
Analysis review
It can be seen from the data monitoring chart of SunSirs that the domestic silicone DMC market rose slightly in the first week after the festival. At the beginning of the week, the domestic silicone DMC market was operating steadily as a whole. There are large factories in Shandong whose prices of silicone DMC were the same as those before the festival, and other factories were mainly stable. The silicone DMC market was relatively quiet. In the middle of the week, some silicone DMC dealers in Shandong Province slightly raised the price of silicone DMC to stimulate the market, by about 100 RMB/ton, and the market gave a general response. As of January 6, 2023, the domestic silicone DMC market price was around 16,300-17,000 RMB/ton.
Market outlook
At present, as the Spring Festival approaches, logistics and transportation have been shut down in succession. The trading atmosphere in the silicone DMC market is tepid, and downstream demand is averagely boosted. Some silicone DMC factories may still have some supply pressure. According to the silicone DMC data engineer of SunSirs, in the short term, the domestic silicone DMC market will mostly adjust and operate in a narrow range, and the specific trend needs to pay more attention to the information changes on the supply and demand side.
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