SunSirs: In May, the Silicone DMC Market Saw a Weak Decline (May 1-29)
May 31 2023 14:16:37 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, as of May 29, 2023, the domestic silicone DMC market reference price was 14,360 RMB/ton, and on May 1 (silicone DMC reference was 15,080 RMB/ton), the price fell 580 RMB/ton, or 4.77%.
Analysis review
From the data monitoring chart of SunSirs, it can be seen that since May (5.01-5.29), the overall domestic silicone DMC market showed a weak decline. In early May, with the return of the Labor Day holiday, the downstream demand for silicone DMC market was weak, and insufficient demand affected the pace of silicone DMC shipments. On the 8th and 9th, the prices of silicone DMC in Shandong large factories were continuously adjusted downwards, with a decrease of about 500 RMB/ton. Other factories also began to follow in the footsteps of large factories, reducing the prices of silicone DMC by about 200 RMB/ton. As of May 15, the market price of silicone DMC in China was around 14,300-14,800 RMB/ton.
In late May, the trading atmosphere in the silicone DMC market continued to be light, the downstream demand was not well boosted, and the demand support was general. The overall focus of the silicone DMC market continued to decline slightly, with a decrease of 100-200 RMB/ton. As of May 29, the domestic silicone DMC market price was near 14,200-14,500 RMB/ton.
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