SunSirs: Silicone DMC Market Slightly Rose This Week (October 14-19)

Price trend

According to monitoring data from SunSirs, as of October 19, 2023, the domestic market price of silicone DMC was referenced at 14,560 RMB/ton. Compared with October 14 (silicone DMC reference 14,540 RMB/ton), the price increased by 20 RMB/ton, an increase of 0.14%.

Analysis review

From the data monitoring chart of SunSirs, it can be seen that as of this week, the domestic silicone DMC market had shown a slight increase and then remained stable. In the early stage, during the low price period of silicone DMC, downstream companies carried out small-scale low level restocking, the shipments of large factories were good and order volume was acceptable. Therefore, after entering this week, some factories began to rebound in sales. The overall spot price of silicone DMC on the market saw a slight increase, with an upward adjustment range of around 100-200 RMB/ton, and the high-end price of silicone DMC rose to around 14,800 RMB/ton. Subsequently, due to the loose cost support provided by the downward trend of raw material metal silicon market, the silicone DMC market continued to rise weakly and entered a stable consolidation stage. As of October 19, the domestic silicone DMC market price reference was around 14,400-14,800 RMB/ton.

Market outlook

As of October 19th, the trading atmosphere on the silicone DMC market was mild. After some factories pre received some orders in the early stage, the overall supply side pressure on the silicone DMC was relatively low. As the cost side prices fell, the wait-and-see sentiment on the silicone DMC floor became stronger, and the downstream willingness to continue stocking weakened. However, although there was an expectation of weakening demand side support, there was still no significant short-term pressure on the supply side to provide market support. Therefore, the silicone DMC data analyst from SunSirs believes that in the short term, there will be limited significant changes in the silicone DMC market, and the market will continue to be stable and consolidated. Specifically, it is necessary to pay more attention to the latest news changes on the supply and demand side.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.