SunSirs: Silicone DMC Market Slightly Rose This Week (August 14-18)
August 18 2023 14:24:34 SunSirs (John)
Price trend
According to monitoring data from SunSirs, as of August 18, 2023, the domestic market price of silicone DMC was referenced at 13,460 RMB/ton. Compared with August 14 (silicone DMC reference 13,420 RMB/ton), the price increased by 40 RMB/ton, an increase of 0.30%.
Analysis review
From the data monitoring chart of SunSirs, it can be seen that this week (8.14-8.18), the domestic silicone DMC market as a whole saw a slight increase. During the week, the domestic silicone DMC market was generally stable and stronger, with leading manufacturers and some silicone DMC suppliers slightly increasing the price of silicone DMC by 100-200 RMB/ton, and the overall market focus was moving upwards. The downstream demand for silicone DMC had improved, and the overall supply and demand transmission in the market was smoother than in the early stage. As of August 18th, the domestic market price of silicone DMC was around 13,400-13,800 RMB/ton. As of August 18th, the trading atmosphere on the silicone DMC floor was mild, the mentality of the operators had improved, and the downstream inquiry was acceptable.
Market outlook
As of August 10th, it had been reported that some devices in the organic silicon field were expected to restart the plan. The supply side might increase, and the support provided by the silicone DMC on the supply side might become loose. The demand side market was relatively calm. The silicone DMC data analyst at SunSirs believes that 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 the supply and demand side news.
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