SunSirs: Demand Was Calm, Slicone DMC Market Fell (March 6-10)

Price trend

According to the monitoring data of SunSirs, as of March 10, 2023, the domestic market price of silicone DMC was 16,960 RMB/ton. Compared with the price on March 5, 2023 (the reference price of silicone DMC was 17,380 RMB/ton), the price was reduced by 280 RMB/ton, a decrease of 2.42%.

Analysis review

It can be seen from the data monitoring chart of SunSirs that at the beginning of March, the domestic silicone DMC market had started a weak decline, and entered this week (3.06-3.10). The decline of the silicone DMC market had not stopped, and the overall focus of the market continued to decline. The main factor affecting the continuous decline of silicone DMC market was demand. The overall performance of the downstream demand of the silicone DMC was still calm, the transmission of supply and demand was slow, the new orders received by the downstream were not followed up in time, the overall supply of the silicone DMC was under pressure, the contradiction between supply and demand was emerging, and the silicone DMC market was back to the repair stage. As of March 10, the domestic silicone DMC market price was around 16,800-17,000 RMB/ton, with a drop of about 200-400 RMB/ton compared with the beginning of the week.

Market outlook

As of March 10, the supply side of silicone DMC had been actively regulated. Some factories had shutdown and maintenance plans this month. The overall operating rate of silicone DMC had been reduced. The overall downstream demand still needed to be carried out gradually. The supply and demand sides were in tune with each other. The silicone DMC statistician of SunSirs believes that in the short term, the domestic silicone DMC market is mainly subject to narrow adjustment and operation, and the specific trend needs to pay more attention to the changes in the information on the supply and demand side.

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