SunSirs: The Silicone DMC Market Was Weak and Declined This Week (July 31-August 4)
August 08 2023 14:06:21 SunSirs (John)
Price trend
According to monitoring data from SunSirs, as of August 4, 2023, the domestic silicone DMC market reference price was 12,900 RMB/ton. Compared with July 31 (silicone DMC reference 13,020 RMB/ton), the price was reduced by 120 RMB/ton, a decrease of 0.92%.
Analysis review
From the data monitoring chart of SunSirs, it can be seen that this week (7.31-8.04), the domestic silicone DMC market as a whole showed a slight weak decline. At the beginning of the week, the silicone DMC market was operating steadily, with average downstream demand and a quiet trading atmosphere on the market. In the middle of the week, A Shandong large factory lowered the price of silicone DMC by 200 RMB/ton, and the low price of silicone DMC on the market dropped to 12,600 RMB/ton. Other factories and suppliers also slightly reduced prices with the large factory, The downward adjustment range was around 100-200 RMB/ton. As of August 4th, the domestic market price of silicone DMC was around 12,600-13,200 RMB/ton.
Market outlook
As of August 4th, the trading atmosphere of silicone DMC on the market was relatively light, with average downstream stocking and mainly negotiated transactions. The supply and demand transmission remained relatively slow. According to the silicone DMC data analyst at SunSirs, in the short term, the domestic silicone DMC market is mainly subject to narrow adjustment and operation, and the specific trend still needs to pay more attention to changes in supply and demand news.
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