SunSirs: Silicone DMC Market Slightly Declined This Week (May 22-26)

https://www.chemnet.com   May 29,2023 SunSirs

According to the monitoring data of SunSirs, as of May 26, 2023, the domestic silicone DMC market reference price was 14,360 RMB/ton, and on May 22 (the silicone DMC reference was 14,400 RMB/ton), the price fell by 40 RMB/ton, or 0.55%.

Analysis review

From the data monitoring chart of SunSirs, it can be seen that this week (May 22-26), the overall domestic silicone DMC market showed a slight decline. This week, Shandong large factories slightly lowered the price of silicone DMC by 100 RMB/ton. The quoted price of silicone DMC was around 14200 RMB/ton. The price adjustment by large factories had led to a slight decline in the market as a whole, while other factories and suppliers mainly maintained stable prices. As of May 26, the domestic silicone DMC market price was around 14,200-14,500 RMB/ton. As of 26th, the cost support for silicone DMC provided by the raw material side was average, and the downstream demand for silicone DMC continued to be mainly based on just in needed.

Market outlook

As of May 26th, the trading atmosphere in the domestic silicone DMC market was light, and the effective support provided to silicone DMC on the market was relatively weak. The supply side pressure of silicone DMC still existed, and the supply and demand transmission was still slow. According to the silicone DMC data analyst of SunSirs, in the short term, the domestic silicone DMC market will mainly adjust and operate in a narrow range, and the specific trend still needs to pay more attention to the changes in news on the supply and demand side.

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