SunSirs: The Overall Silicone DMC Market Continued to Move Upwards This Week (September 16-21)

Price trend

According to monitoring data from SunSirs, as of September 21, 2023, the domestic market price of silicone DMC was set at 14,920 RMB/ton. Compared with September 16 (silicone DMC reference 14,760 RMB/ton), the price increased by 160 RMB/ton, an increase of 1.08%.

Analysis review

From the data monitoring chart of SunSirs, it can be seen that this week (9.15-9.21), the overall domestic silicone DMC market showed a slight upward trend. Since the beginning of September, the domestic silicone DMC market had continued to move upwards as a whole. As entering this week, the overall focus of the silicone DMC market continued to climb up slightly. At the beginning of the week, the silicone DMC of Shandong's large factories remained stable at around 15,000 RMB/ton. With the continuous increase in costs, the silicone DMC factories had strong confidence in the market, and some factories continued to narrow the increase in the price of silicone DMC, with an increase of around 100-200 RMB/ton. As the weekend approached, Shandong's major factories had seen a slight decline in their quotations, while other factories and suppliers remained stable in their quotations. The overall silicone DMC market was still operating at a high level. As of September 21st, the domestic market price of silicone DMC was around 14,800-15,000 RMB/ton.

Market outlook

As of September 21st, the trading atmosphere in the silicone DMC market was still good, with some orders scheduled for acceptance and some downstream starting to digest raw materials. The overall market demand was stabilizing. According to the silicone DMC data analyst of SunSirs, in the short term, the domestic silicone DMC market will mostly be consolidated to a higher level, and the specific trend still needs to pay more attention to changes in supply and demand news.

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