SunSirs: This Week, the Silicone DMC Market Was Consolidated to Be Weaker (April 17-21)
April 23 2023 10:25:14 SunSirs (John)
Price trend
According to monitoring data from SunSirs, as of April 21, 2023, the reference price for domestic silicon DMC market was 15,080 RMB/ton, which was basically the same as April 17, 2023. Compared to April 1 (silicon DMC reference price of 15,760 RMB/ton), the price was reduced by 680 RMB/ton, a decrease of 4.31%.
Analysis review
From the data monitoring chart of SunSirs, it can be seen that this week (4.17-4.13), the overall domestic silicone DMC market remained stable and organized. In mid to early April, the overall domestic silicone DMC market was weak and declining, with the focus of the silicone DMC market constantly declining. Entering this week, the silicon DMC market hd finally stopped falling and stabilized. The prices of silicon DMC in Shandong's major factories continued to stabilize at around 14,800 RMB/ton, while prices for other factories and suppliers were around 15,000-15,500 RMB/ton. As of the 21st, the overall silicon DMC market was consolidating, downstream demand remained relatively weak, and the overall trading atmosphere on the market was relatively quiet.
Market outlook
As of the 21st, the transmission of supply and demand in the silicon DMC market had been slow, and the overall reduction in production in the market had increased. The pressure on the supply side had relatively decreased in the short term. In addition, as the May Day holiday approaches, the downstream may start stage stocking. Therefore, the silicon DMC data analyst of SunSirs believes that in the short term, the domestic silicon DMC market will mostly lead to a small-scale upward trend, and the specific trend needs to pay more attention to changes in supply and demand news.
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