SunSirs: In the First Half of the Year, the Silicone DMC Market Saw a Weak Decline (January 1-June 30)

Price trend

According to monitoring data from SunSirs, as of June 30, 2023, the domestic market price of silicone DMC was set at 14,140 RMB/ton, which was reduced by 2,400 RMB/ton compared to January 1 (silicone DMC reference 16,540 RMB/ton), a decrease of 14.51%.

Analysis review

From the monitoring chart of SunSirs data, it can be seen that in the first half of 2023, the domestic silicone DMC market as a whole showed a fluctuating and declining trend. In the first quarter, the silicone DMC market rose first and then fell, with a decrease of 4.72% in the first quarter. In January, downstream demand slightly boosted, and the silicone DMC market saw a slight increase, with a monthly increase of 1.69%. In February, the silicone DMC market steadily rose and operated, with downstream demand gradually recovering, with a growth rate of 3.33% in February. In March, downstream demand was weak, and the focus of silicone DMC fell, with a decrease of 9.32% in March.

In the second quarter, the silicone DMC market continued to move towards the low end, with a decline of 10.28% in the second quarter. In April, downstream demand continued to be cold, and the effective support of silicone DMC was insufficient. The decline in April was 4.31%. In May, silicone DMC shipments were slow, and supply and demand transmission was hindered. The market continued to decline, with a decrease of 5.04% in May. In June, after the price of silicone DMC fell to a low point, the market gradually entered a stable and small decline trend, with a decrease of 1.26% in June.

Market outlook

At present, the trading atmosphere of silicone DMC on the market is average, and new orders are limited. The operator's mentality is cautious. The silicone DMC data analyst of SunSirs believes that in the short term, the domestic silicone DMC market will mainly adjust and operate within a narrow range, and the specific trend needs to pay more attention to changes in supply and demand information.

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