SunSirs: In early June, the Silicone DMC Market Saw a Slight Decline (June 1-6)
June 07 2023 10:01:04 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, as of June 6, 2023, the reference market price of the domestic silicone DMC was 14,240 RMB/ton, and on June 1 (the reference price of the silicone DMC was 14,320 RMB/ton), the price decreased by 80 RMB/ton, or 0.56%.
Analysis review
From the data monitoring chart of SunSirs, it can be seen that in the early June (6.1-6.6), the overall domestic silicone DMC market showed a slight decline. Entering June, the overall domestic silicone DMC market continued to operate in a weak manner. Shandong large factories took the lead in slightly reducing the price of silicone DMC, with a reduction of around 100-300 RMB/ton. Other factories and suppliers were mostly in a weak and stable position, but the price adjustment by large factories still had a certain impact on market confidence, driving the overall focus of the silicone DMC market downward. As of June 6, the market price of domestic silicone DMC was around 14,000-14,500 RMB/ton.
Market outlook
As of June 6th, the overall operation of silicone DMC on the market was still weak, with actual orders and transactions mainly discussed. Some factories still had some supply pressure, and the overall low-end price inquiry atmosphere on the market had improved. According to the silicone DMC data analyst from SunSirs, in the short term, the domestic silicone DMC market is mainly subject to narrow range adjustment and operation, and the specific trend still needs to pay more attention to changes in supply and demand news.
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