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SunSirs: The Silicone DMC Market Fell Overall in October (October 1-26)

October 27 2022 14:12:12     SunSirs (John)

Price trend

According to the monitoring data of SunSirs, as of October 26, 2022, the reference price of the domestic silicone DMC market was 17,640 RMB/ton. Compared with the price on October 1, 2022 (the reference price of the silicone DMC was 18,200 RMB/ton), the price decreased by 560 RMB/ton, or 3.08%.

Analysis review

It can be seen from the data monitoring chart of SunSirs that since October (10.1-10.26), the overall domestic silicone DMC market showed a weak downward trend, and the market focus was gradually explored in the sorting process. . The main factors causing the decline of silicone DMC market were as follows:

  1. On the demand side, after the National Day holiday, the silicone DMC market started steadily. However, after the festival, the demand side was cautious, the downstream had a strong wait-and-see attitude, and the market mentality was general. The overall de stocking after the festival was less than expected. In the middle of October, under the insufficient demand support, some manufacturers began to reduce the price of silicone DMC by 200-500 RMB/ton.
  2. In terms of cost, after the National Day holiday, although the metal silicon market was operating at a high level, due to the general impact of trading orders, most monomer plants still actively took orders by exchanging price for quantity. Therefore, the overall support of cost was general.
  3. In terms of supply, in October, the overall inventory of silicone DMC was under pressure, the shipment was slow, the downstream replenishment was rigorous, and the contradiction between supply and demand was prominent.

Near the end of the month, the overall market situation of silicone DMC slightly warmed up. Since October 24, a large factory in Shandong raised the ex factory price of silicone DMC twice, with an accumulative increase of 300 RMB/ton. In the past two days, the market order taking phenomenon improved. In addition, the monomer factory was actively adjusting the operating rate to moderately reduce the supply pressure. As of October 26, the domestic market price of silicone DMC referred to 17,600-18,000 RMB/ton.

In terms of upstream metal silicon, since October (10.1-10.25), the domestic metal silicon (product name: 441 #) market was running stably and rose. On October 25, the reference price of metal silicon was 21,690 RMB/ton, up 2.02% compared with that on October 1 (21,260 RMB/ton).

Market outlook

At present, the trading atmosphere in the silicone DMC market is moderate. Near the end of the month, a large factory in Shandong continuously raised the price of silicone DMC to give the industry some confidence support. According to the silicone DMC data engineer of SunSirs, in the short term, the domestic silicone DMC market will mainly be stable and consolidated, and the specific trend needs to pay more attention to the changes in the information on the supply and demand side.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

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