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SunSirs: After Bottoming out, the Silicone DMC Rebounded and Experienced a Recovery Operation

https://www.chemnet.com   May 13,2024 SunSirs

  According to the commodity market analysis system of SunSirs, on May 11th, the price of silicone DMC participated in 13,550 RMB/ton, and on May 6th, the price of silicone DMC referenced 13,500 RMB/ton, with a price increase of 50 RMB/ton, an increase of 0.37%.

  Analysis review

  From the analysis system of the commodity market of the SunSirs, it can be seen that after the May Day Labor Day, the overall domestic silicone DMC market has experienced a cold decline, and the trading atmosphere on the market was not good after the holiday. The focus of negotiations in the silicone DMC market has bottomed out. On May 8th, the price of the silicone DMC market was around 13,380 RMB/ton.

  As of May 11th, silicone DMC factories had a strong mentality of hoping for an increase. On the 9th, Shandong large factories closed and did not quote, and the market was wait-and-see. On the 10th, leading large factories took the lead in raising the price of silicone DMC, driving the overall confidence of the market in boosting prices. Downstream, facing a price correction, they began to replenish in moderation. Subsequently, Shandong large factories opened their quotations and raised the price by 250 RMB/ton to 13,450 RMB/ton. After major factories raised the price of silicone DMC one after another, the overall market trend became stronger, and other factory suppliers followed in the footsteps of large factories, raising the price of silicone DMC by about 100-200 RMB/ton.

  Market outlook

  The overall atmosphere in the silicone DMC field was mild, and after the market gradually recovered, there was a certain wait-and-see sentiment in the downstream. When the market price dropped to a low point in the early stage, some silicone DMC factories had relatively good destocking effects, and the overall supply pressure in the current market has slightly eased. The silicone DMC data analyst from SunSirs believes that in the short term, the silicone DMC market will mainly operate in a stable and consolidating manner.

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