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SunSirs: Since December, the Silicone DMC Market Had Been in a Weak and Declining Trend

December 20 2023 14:19:10     SunSirs (John)

Price trend

According to monitoring data from SunSirs, as of December 19, 2023, the domestic silicone DMC market reference price was 13,960 RMB/ton. Compared with December 1 (silicone DMC reference was 14,320 RMB/ton), the price was reduced by 360 RMB/ton, a decrease of 2.51%.

Analysis review

From the monitoring chart of SunSirs data, it can be seen that from December 1st to December 19th, the overall market situation of domestic silicone DMC had shown a weak downward trend. In early December, the overall silicone DMC market saw a slight bearish decline. Downstream demand was not boosting well, and the atmosphere in the silicone DMC market was weak. The overall market situation was stable and declining, with slight looseness in actual transactions. In mid December, the decline in the silicone DMC market deepened, and the downstream of silicone DMC was in the off-season of consumption. Market demand remained weak, and the atmosphere of on-site bidding gradually rose. The overall transaction price approached a low level, and the price difference between high and low prices on the market gradually narrowed. As of December 19th, the domestic market price of silicone DMC was around 13,800-14,200 RMB/ton.

Market outlook

As of December 19th, the overall trading atmosphere in the domestic silicone DMC market was average. After the market gradually declined, some factories had seen some improvement in new orders, and the overall silicone DMC market was also expected to stabilize. However, as the end of the year approaching, whether downstream stocking can be effectively opened is still a key factor affecting the market trend. Therefore, the silicone DMC data analyst from SunSirs believes that in the short term, the game between supply and demand in the domestic silicone DMC market is still significant, the market situation is mainly subject to narrow adjustments, and more attention needs to be paid to changes in supply and demand news.

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