Price trend

According to monitoring data from SunSirs, as of January 31, 2024, the domestic market price of silicone DMC was referenced at 15,040 RMB/ton. Compared with January 1 (silicone DMC reference 13,940 RMB/ton), the price increased by 1,100 RMB/ton, an increase of 7.89%.

Analysis review

From the monitoring chart of SunSirs data, it can be seen that in January, the overall domestic silicone DMC market showed an upward trend. Starting from the beginning of January, the domestic silicone DMC market had finally broken through the low level of silence and entered an upward trend at the end of the year. At the beginning of the month, Shandong large factories took the lead in raising the price of silicone DMC to around 14,200 RMB/ton, and the atmosphere in the market rebounded. Subsequently, the focus of the silicone DMC market in Zhejiang and Inner Mongolia regions also began to move upwards. As of January 15th, the domestic market price of silicone DMC was around 146,00-15,000 RMB/ton, with a half month increase of 5.88%.

In late January, the overall focus of the silicone DMC market continued to steadily shift upwards. The downstream of silicone DMC had been stocking up for the Spring Festival, and the market trading atmosphere was good. Some factories had good shipments and supply orders. The overall market price of silicone DMC continued to rise, with an increase of about 400-600 RMB/ton. Supported by good shipments in the early stage, the overall supply pressure in the silicone DMC market was relatively low at the end of the month. Although some downstream companies gradually ended stocking and new orders in the market weakened, the support provided by the supply side and cost side remained stable at a high level in the silicone DMC market. As of January 31st, the domestic market price of silicone DMC was based on around 15,000-15,600 RMB/ton.

Market outlook

As of January 31st, the overall trading atmosphere of silicone DMC had been relatively quiet. As the Spring Festival approaching, the silicone DMC market had gradually entered a closed state. Downstream factories had started to shut down and production, and a small number of enterprises had stocked up in moderation. The previous upward trend had given confidence to operators. According to the silicone DMC data analyst from SunSirs, the domestic silicone DMC market will mostly operate steadily in the short term, and more attention should be paid to changes in supply and demand news.

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