SunSirs: After the Festival, the Silicone DMC Market Had Been Running Steadily Upward (January 29-February 8)
February 09 2023 10:08:35 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, as of February 8, 2023, the domestic market price of silicone DMC was 17,140 RMB/ton, which was increased by 380 RMB/ton, or 2.27%, compared with that of January 29, 2023 (the reference price of silicone DMC was 16,760 RMB/ton).
Analysis review
It can be seen from the data monitoring chart of SunSirs that after the end of the holiday in 2023, the domestic silicone DMC market overall showed a steady upward movement. After the festival, the silicone DMC market finally ushered in a long-awaited recovery. After Shandong's large factories took the lead in raising the price of silicone DMC, some other factories also followed in the footsteps of the large factories and successively raised the price of silicone DMC. On February 8, the domestic silicone DMC market price was around 16,900-17,400 RMB/ton, and the price increased by about 300-500 RMB/ton compared with that before the festival.
Market outlook
At present, silicone DMC has a good intra-field trading atmosphere, and downstream users have a high enthusiasm for inquiry, and the overall market demand is mainly good. The silicone DMC data analyst of SunSirs believes that in the short term, the domestic silicone DMC market will mostly be stable and stronger, and the specific trend in the future needs to pay more attention to the changes in the supply and demand information.
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