Price trend
According to the monitoring data of SunSirs, as of May 11, the average reference price of silicone DMC market quotations in the mainstream areas of the data monitoring was 26,633 RMB/ton, compared with May 1 (the average reference price of silicone DMC was 27,600 RMB/ton), the average price was reduced by 967 RMB/ton, a drop of 3.50%.
After the holiday, the negative voice dominated, and the market of silicone DMC fell significantly
After the Labor Day holiday, the domestic silicone DMC market fell sharply, and the market negative voice dominated. After the festival, the factory's inventory accumulated, the factory's profit giving and shipment increased, the downstream need to replenish goods moderately, the purchasing atmosphere was more cautious. The transaction of new orders was relatively slow, and the overall operating rate of the market after the holiday was relatively high, and the offer price of silicone DMC was significantly reduced. Compared with the pre-holiday, the reduction range was 500-1,000 RMB/ton. As of May 11, the mainstream market quotation of silicone DMC was around 26,000-27,200 RMB/ton, and the low-end quotation was 25,500 RMB/ton.
The short-term silicone DMC market is mainly weak and stable, and the future needs to pay more attention to changes in the demand side
At present, with the continuous price reduction in the silicone DMC market after the festival, the inquiry atmosphere in the downstream has improved, and some downstream companies have begun to make up for bargains, but the large-scale stock preparation has not been opened, the overall stock preparation is still relatively cautious, and the overall market of silicone DMC is still in a weak operation. The silicone DMC analyst of SunSirs believes that in the short term, the market for silicone DMC will be stable and weak, and more attention needs to be paid to the demand. The gradual increase in demand is a key factor in the future trend of silicone DMC.
