SunSirs: Recently, the Focus of the Silicone DMC Market Had Been Moving Downwards
December 05 2023 09:54:04 SunSirs (John)
Price trend
According to monitoring data from SunSirs, as of December 4, 2023, the domestic silicone DMC market reference price was 14,320 RMB/ton. Compared with November 26 (silicone DMC reference 14,500 RMB/ton), the price decreased by 180 RMB/ton, a decrease of 1.24%.
Analysis review
From the monitoring chart of SunSirs data, it can be seen that in the recent period (11.26-12.04), the overall market situation of domestic silicone DMC had shown a weak downward trend. The downstream demand for silicone DMC continued to be weak, and the support provided by the demand side for silicone DMC was limited. At the end of November, the focus of the domestic silicone DMC market had been continuously adjusted downwards. The price of silicone DMC in Shandong region had dropped to around 14,000 RMB/ton, and the price of silicone DMC in other regions had also dropped to around 14,200-145,00 RMB/ton. As of December 4th, the domestic market price of silicone DMC was around 14,000-14,500 RMB/ton.
Market outlook
As of December 4th, the overall trading atmosphere in the silicone DMC market was relatively light, and downstream stocking was relatively cautious. As December entered, the silicone DMC market was generally stable and consolidating, and the cost side still put some pressure on the market. The continuous downward risk of the silicone DMC market was relatively small, and the upcoming year-end stocking stage also gave the market some confidence. The silicone DMC data analyst from SunSirs believes that in the short term, the domestic silicone DMC market will mainly be stable and consolidated, and the specific trend still needs to pay more attention to changes in supply and demand news.
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