According to the monitoring data of the business community, as of July 21, the average quoted price of silicone DMC in the mainstream area of data monitoring was 30633 yuan / ton, which was 67 yuan / ton higher than that on July 14 (30566 yuan / ton), an increase of 0.22%.
Since the beginning of July, China’s domestic silicone DMC market has been running steadily at a high level, with little fluctuation in market price. As of July 14, the reference price of silicone DMC is around 30500-30900 yuan / ton. In late July, a monomer factory in Shandong broke the calm of the silicone DMC market. On the 15th and 16th, the factory price of silicone DMC was slightly increased by 100 yuan / ton for two consecutive days, and the factory price of silicone DMC was adjusted to 30700 yuan / ton. Most of the other monomer factories continued to maintain stable prices in the early stage, and the market continued to consolidate at a high level, Shandong large factories once again raised the ex factory quotation of silicone DMC to 30800 yuan / ton, and other individual monomer factories also rose sporadically. The downstream demand of silicone DMC weakened. With the continuous high raw material level, the downstream delivery became more cautious. So far, as of July 21, according to the monitoring data of the business agency, the average ex factory price of silicone DMC is 30666 yuan / ton, which is 100 yuan / ton higher than that on July 1, or 0.34%.
Upstream, since July, the overall trend of domestic silicon metal market is stable. According to the data monitoring of business news agency, as of July 20, the domestic reference price of metallic silicon was 14450 yuan / ton, up 0.58% compared with July 1 (14366.67 yuan / ton).
Forecast of silicone DMC Market
At present, the trend of silicone DMC downstream products is all the way strong under the high support of raw materials, but the terminal downstream demand has been weakened under the sustained high level. Therefore, the silicone DMC analysts of the business community believe that in the short term, the domestic silicone DMC market will continue to have insufficient upward momentum, and the market will mostly be high consolidation operation.
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