Price trend

According to monitoring data from SunSirs, as of February 4, 2024, the domestic silicone DMC market price reference was 15,000 RMB/ton. Compared with January 29 (silicone DMC reference was 15,040 RMB/ton), the price was reduced by 40 RMB/ton, a decrease of 0.27%.

Analysis review

From the monitoring chart of SunSirs data, it can be seen that this week (1.29-2.4), the overall domestic silicone DMC market showed a slight fluctuation and a downward trend. At the beginning of the week, Shandong large factories slightly lowered the shipment price of silicone DMC, by about 100 RMB/ton. The price adjustment by large factories broke the high stability and calm situation of the silicone DMC market, and the silicone DMC market experienced narrow fluctuations. Suppliers followed the footsteps of large factories or adjusted the shipment price of silicone DMC narrowly based on their own inventory factors, with an adjustment range of about 100 RMB/ton. As of February 4th, the domestic market price of silicone DMC was based on around 14,800-15,600 RMB/ton.

Market outlook

As the Spring Festival approaching, logistics in some regions of China had also started to stop shipping and operation. The trading atmosphere in the silicone DMC market was gradually quiet, and downstream procurement and stocking had basically ended. The overall market atmosphere was gradually mild and calm. According to the silicone DMC data analyst from SunSirs, in the short term, the domestic silicone DMC market will mainly operate steadily, with limited fluctuations in the market. More attention should be paid to changes in supply and demand news.

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