Price trend

According to monitoring data from SunSirs, as of June 20, 2023, the domestic market price of silicone DMC was based on 14,140 RMB/ton, which was basically unchanged compared to June 16; The price was reduced by 180 RMB/ton, or 1.26%, compared to June 1st (with reference to 14,300 RMB/ton for silicone DMC).

Analysis review

It can be seen from the data monitoring chart of SunSirs that before the Dragon Boat Festival, the domestic silicone DMC market as a whole was in stable operation. Before the holiday, there was little change in the overall supply and demand of the silicone DMC market. The downstream stocking pace of silicone DMC before the holiday was average, and the overall demand remained cautious and focused on just in demand procurement. In terms of supply, there was still some supply pressure on the overall silicone DMC site, and the supply side support for market was genearl. As of June 20th, the domestic organic market price reference was around 14,000-14,300 RMB/ton.

Market outlook

As of the 20th, the trading atmosphere in the silicone DMC market was average, with limited trading of new orders on the market. Weak costs also provided limited cost support to the silicone DMC. According to the silicone DMC data analyst of SunSirs, in the short term, the domestic silicone DMC market is mainly subject to narrow range adjustment, and the specific trend still needs to pay more attention to changes in supply and demand news.

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