SunSirs: The Silicone DMC Market Saw a Slight Decline This Week (June 12-16)
June 19 2023 10:53:15 SunSirs (John)
Price trend
According to monitoring data from SunSirs, as of June 16, 2023, the domestic market price of silicone DMC was set at 14,140 RMB/ton, which was reduced by 100 RMB/ton compared to June 12 (silicone DMC reference 14,240 RMB/ton), a decrease of 0.70%.
Analysis review
From the data monitoring chart of SunSirs, it can be seen that this week (6.12-6.16), the overall market situation of silicone DMC continued to decline slightly, with some silicone DMC suppliers slightly reducing the price of silicone DMC by about 100 RMB/ton. As of 16th, downstream demand for silicone DMC was cautious, and the overall support provided by the demand side for the market was still insufficient. In terms of cost, the decline in the raw material metal silicon market had provided loosened cost support for silicone DMC. Under the situation of insufficient support from both supply and demand, the silicone DMC market was operating weakly. As of June 16th, the domestic market price of silicone DMC was around 14,000-14,200 RMB/ton.
Market outlook
As of the 16th, the trading atmosphere on the silicone DMC market was light, trading of new orders was cautious. The effective support on the silicone DMC market was still insufficient. According to the silicone DMC data analyst of SunSirs, in the short term, the domestic silicone DMC market is mainly adjusted to be weaker narrowly, and the specific trend still needs to pay more attention to changes in supply and demand news.
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