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SunSirs: Demand Was Weak and the Silicone DMC Market Was Weak and Declined This Week

March 27 2024 10:58:53     SunSirs (John)

Price trend

According to monitoring data from SunSirs, as of March 22, 2024, the domestic market price of silicone DMC was referenced at 16,040 RMB/ton. Compared with March 17 (silicone DMC reference 16,160 RMB/ton), the price was reduced by 120 RMB/ton, a decrease of 0.74%.

Analysis review

From the testing chart of the silicone DMC product data of SunSirs, it can be seen that this week, the overall domestic silicone DMC market showed a weak decline. During the week, the overall trading atmosphere in the silicone DMC site was light, and the downstream stocking in the early stage had basically ended. As of March 22, it was mostly in the stage of digesting inventory. Therefore, the downstream demand for silicone DMC was showing a weak trend, and overall new orders on the market were gradually weakening. Under the drag of weak demand, the overall negotiation focus of silicone DMC in the market had continued to decline slightly. As of March 22, the domestic silicone DMC market price reference was around 15,800-16,500 RMB/ton.

Market outlook

As of March 22nd, there was a strong wait-and-see atmosphere in the silicone DMC market, and there was some concern in the market. Downstream demand for goods was relatively cautious, and some factories had a certain willingness to go out of stock. Some factories still had pre order support, with stable prices as the main focus. According to the silicone DMC data analyst from SunSirs, in the short term, the domestic silicone DMC market will mainly adjust and operate within a narrow range. More attention should be paid to the news on the supply and demand side, as well as the impact of factors such as market operation and production capacity changes.

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