According to the monitoring data of SunSirs, as of March 28, 2023, the domestic silicone DMC market price reference was 15,860 RMB/ton. Compared to the March 1, 2023 (silicone DMC reference price 17,380 RMB/ton) price, the price was reduced by 1,480 RMB/ton, a decrease of 8.75%.
Analysis review
As can be seen from the data monitoring chart of SunSirs, the overall domestic silicone DMC market had shown a continuous downward trend since March (3.1-3.28). Although March had arrived, the "peak season had not yet arrived". In March, the silicone DMC market had not ushered in a vigorous procurement scene, and the overall downstream demand was difficult to support the delivery rhythm of the supply side. With the continued weak demand, the center of gravity of the silicone DMC market continues to close downward, and the transmission of supply and demand was blocked. Towards the end of the month, the overall decline of the silicone DMC market had reached around 1,300-1,800 RMB/ton, a decline of more than 8%. As of March 28, the domestic silicone DMC market price was around 15,400-16,200 RMB/ton, and the price at the higher end was around 16,500 RMB/ton.
Market outlook
Although the supply side of silicone DMC had been actively regulated, the overall supply side on the market was still high. The supply side had given some pressure, and the overall supply and demand support was relatively weak. According to the silicone DMC data analyst of SunSirs, in the short term, the domestic silicone DMC market will mostly be narrowly adjusted and weaker, and the specific trend needs to pay more attention to the changes in information on the supply and demand side.
