Price trend
According to the commodity market analysis system of SunSirs, on May 23rd, the price of silicone DMC was 13,490 RMB/ton. On May 19th, the price of silicone DMC was referenced to 13,550 RMB/ton, with a decrease of 60 RMB/ton, a decrease of 0.44%.
Analysis review
From the commodity market analysis system of SunSirs, it can be seen that this week (5.19-5.23), the domestic silicone DMC market as a whole showed a weak downward trend. During the week, the overall trading atmosphere in the silicone DMC market was relatively light. On the first two days of the week, the silicone DMC market was generally weak and consolidating. As of Wednesday, the price of silicone DMC offered by Shandong's large factories was reduced by 150 RMB/ton, and the reference price for silicone DMC was around 13,300 RMB/ton. Other factories and suppliers mainly maintained stable prices in the early stage. On May 23rd, the market price of silicone DMC was referenced at around 13,300-13,900 RMB/ton.
Upstream aspect: Recently, the domestic metal silicon market had been operating weakly, providing loose cost support for silicone DMC. On May 22nd, the reference price for metallic silicon was 13,480 RMB/ton, a decrease of 1.32% compared to May 1st (the price of metallic silicon was 13,660 RMB/ton).
Market outlook
As of May 23rd, the overall performance of the silicone DMC market still showed strong and weak supply. Small price adjustments had limited stimulation for downstream buying attitudes, and the downstream wait-and-see atmosphere was still strong. However, the silicone DMC price was at the bottom of the market. Although the demand side support was limited, the short-term market downturn is limited. The silicone DMC data analyst from SunSirs believes that in the short term, domestic silicone DMC market players should mainly adjust their operation within a narrow range, and the specific trend still needs to pay more attention to changes in supply and demand news.
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