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After the Holiday, the Silicone DMC Market Continued to Rise, with an Increase of 13.57% in Seven Days

January 13, 2022

Latest company news about After the Holiday, the Silicone DMC Market Continued to Rise, with an Increase of 13.57% in Seven Days

Price trend

According to the monitoring data of SunSirs, as of January 11, 2022, the average price of silicone DMC market quotations in mainstream areas of data monitoring was 29,300 RMB/ton. Compared with the price on January 1, 2022 (the reference price of silicone DMC was 25,800 RMB/ton), the average price was increased by 3,500 RMB/ton, an increase of 13.57%. Compared with the price on December 20, 2021 (the reference price of silicone DMC was 23,900 RMB/ton), the average price was increased by 5,400 RMB/ton, an increase of 22.59%.

Analysis review

It can be seen from the data monitoring chart of SunSirs that at the end of 2021, the domestic silicone DMC market ushered in a steady recovery after a sharp decline in the early stage. Entering 2022, after the New Year's Day in January, the silicone DMC market continued to maintain a steady upward trend. On the first day after the holiday (January 4), a major manufacturer in Shandong took the lead in raising the ex-factory price of silicone DMC by 1,600 yuan. / ton, and the factory’s organic silicone DMC ex-factory price rose to 27,600 RMB/ton. Some other factories kept their quotations stable, and the number of closed orders on the market began to increase. On the 5th, other mainstream monomer factories also raised the ex-factory price of silicone DMC by 300-800 RMB/ton, and the ex-factory price of silicone DMC referred to around 26,500- 27,600 RMB/ton. In the face of the continuous rise after the holiday, the industry's reluctance to sell gradually became stronger, and orders were limited. In addition, the downstream replenishment atmosphere was good, and the market price continued to run high and firm. On the 10th, the market of silicone DMC ushered in a general rise again. The ex-factory price of silicone DMC referenced around 28,000-30,000 RMB/ton, and the price returned to the era of 30,000 RMB/ton. As of the 11th, the spot supply of silicone DMC continued to be tight, and factories were selling in limited quantities. As the pre-holiday stocking time was approaching, downstream purchases were active, inquiries increased, and the trading atmosphere was good.

In terms of index, the silicone DMC commodity index on January 10 was 151.03, an increase of 12.68 points from previous day, a decrease of 54.12% from the highest point in the cycle of 329.21 points (2021-10-10), and up 114.53% from the lowest point of 70.40 points on July 27, 2016). (Note: The cycle refers to 2011-09-01 to the present)

In terms of upstream silicon metal, the price of 44# silicon metal was weak on the 10th, the average price in the domestic market was 20,940 RMB/ton, down 1.32% in the new year. The silicon metal market was getting worse and worse. Traders were already preparing for the holiday near the Spring Festival, manufacturers were less willing to produce, and the shutdown continued to increase. At the same time, the demand for metal silicon at downstream terminals continued to shrink, and the demand for aluminum alloys was weak. The stocking of silicone downstream enterprises has been opened one after another, and the demand has increased.

Market outlook

At present, the supply of silicone DMC is still tight, and the reluctance to sell is still there. The good pre-sale orders in the early stage have given strong support to the silicone DMC factory. Factory quotations are mostly high and stable, and the enthusiasm of downstream demand for stocking has not decreased for the time being. The organic silicone DMC data engineer of SunSirs believes that in the short term, the domestic organic silicone DMC market is mainly stable and strong, and more attention needs to be paid to the trend of supply and demand.

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