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SunSirs: Starting with an Upward Trend, Silicone DMC Rose 2.66% in Two Days

January 10 2024 15:04:37     SunSirs (John)

Price trend

According to monitoring data from SunSirs, as of January 9, 2023, the domestic market price of silicone DMC was referenced at 14,760 RMB/ton. Compared with January 7 (silicone DMC reference 14,260 RMB/ton), the price increased by 500 RMB/ton, an increase of 2.66%. Compared to January 1st (silicone DMC reference 13,940 RMB/ton), the price had increased by 820 RMB/ton, an increase of 5.88%.

Analysis review

From the data monitoring chart of SunSirs, it can be seen that as entering this week, the domestic silicone DMC market had continued to rise, with a broad rise in the market, with a two-day increase of 2.66%. At the beginning of the week, Shandong large factories and leading companies were the first to break the stable situation and raise the price of silicone DMC, with an increase of about 400-600 RMB/ton. Other factories had also followed in the footsteps of large factories, raising the shipment price of silicone DMC by about 300-400 RMB/ton. Supported by the continuous upward trend of the silicone DMC market, the downstream inquiry atmosphere had improved, the enthusiasm for stocking had increased, and the overall shipment rhythm of the market had improved. In addition, some regions had reduced their load operations, and the overall supply side had also provided market support. As of January 9th, the domestic market price of silicone DMC was around 14,600-14,800 RMB/ton, with a relatively high price around 15,000 RMB/ton.

Market outlook

As of January 9th, the trading atmosphere on the silicone DMC market was good, with a positive attitude among operators and improved transmission between supply and demand. The overall market buying sentiment had increased. According to the silicone DMC data analyst from SunSirs, the domestic silicone DMC market will mostly operate steadily with a stronger bias in the short term, and more attention should be paid to changes in supply and demand news.

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