SunSirs: Since July, the Silicone DMC Market Showed a Weak Decline (July 1-25)
July 26 2023 10:01:21 SunSirs (John)
Price trend
According to monitoring data from SunSirs, as of July 25, 2023, the domestic silicone DMC market reference price was 13,300 RMB/ton. Compared with July 1 (silicone DMC reference 14,140 RMB/ton), the price decreased by 840 RMB/ton, a decrease of 5.94%.
Analysis review
From the data monitoring chart of SunSirs, it can be seen that since July (7.1-7.25), the overall domestic silicone DMC market showed a weak decline. In early July, the domestic silicone DMC market showed a weak decline, downstream demand was weak and demand support for silicone DMC market was insufficient. Market prices had continuously adjusted downwards. As of July 15th, the domestic silicone DMC market price was around 13,000-14,000 RMB/ton, with a decline of 3.39% in the first ten days.
In late July, the focus of the silicone DMC market continued to move downwards. Downstream demand was not boosting well, and on-site supply was under pressure. At the end of the month, the silicone DMC market was actively shipping, and some factories and suppliers had lowered the price of silicone DMC by around 200-500 RMB/ton. As of July 25th, the domestic silicone DMC market reference price was around 12,800-13,500 RMB/ton, a decrease of 5.94% during the month.
Market outlook
As of July 25th, the trading atmosphere on the silicone DMC floor was mild. As the end of the month approached, some downstream companies were preparing for phased orders, and the supply side on the field was relatively active. According to the silicone DMC data analyst from SunSirs, in the short term, the domestic silicone DMC market will mainly adjust and operate in a narrow range, and the specific trend still needs to pay more attention to changes in supply and demand news.
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