SunSirs: Demand Was Poor and the Silicone DMC Market Weakly Declined
December 13 2023 15:22:14 SunSirs (John)
Price trend
According to monitoring data from SunSirs, as of December 12, 2023, the domestic market price of silicone DMC was referenced at 14,180 RMB/ton. Compared with December 1 (silicone DMC reference price was 14,320 RMB/ton), the price decreased by 140 RMB/ton, a decrease of 0.98%.
Analysis review
From the monitoring chart of SunSirs data, it can be seen that in ear;u December, the overall domestic silicone DMC market showed a weak downward trend. Entering December, the overall atmosphere of the domestic silicone DMC market had been lackluster, with a slow pace of downstream demand transmission. It was difficult for the demand side to effectively support the silicone DMC market, and the market as a whole had not shown a busy situation of stocking at the end of the year. Instead, there was a quiet and wait-and-see attitude. Therefore, in the early stages, the supply and demand transmission of the silicone DMC market showed a stalemate, and the market center also narrowed downward, with transaction prices in some regions falling below 14,000 RMB/ton. As of December 12th, the domestic market price of silicone DMC was based on around 14,000-14,500 RMB/ton.
Market outlook
As of December 12th, the trading atmosphere in the silicone DMC market was average. Although downstream demand was insufficient, factories were also constrained by cost pressures and did not want to continue to make concessions. According to the silicone DMC data analyst from SunSirs, the domestic silicone DMC market has limited significant fluctuations in the short term, and the market will mainly adjust and operate in a narrow range.
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