1、 Price trend

According to the monitoring data of the business association, as of March 31, the average market price of organosilicon DMC in several mainstream areas monitored by the data was around 15200 yuan / ton, down by about 2860 yuan / ton compared with the average market price of 18066 yuan / ton in the middle of the month (March 15), down by nearly 15.87%; down by 3800 yuan / ton compared with the average market price of 19000 yuan / ton in the beginning of the month (March 1) About 20%.

2、 Market analysis

Products: in the whole March, the market of domestic organosilicon DMC fell seriously. Since the beginning of the month, it is difficult for the factory to withstand the inventory pressure. At the same time, some factories with large inventory took the lead in reducing the market quotation of organosilicon DMC, with the maximum reduction of 1000 yuan / ton. Most factories actively responded to the situation of oversupply of market by reducing the negative operation and controlling the operating rate. This round of adjustment However, the overall trading atmosphere of the market is still affected. The purchasing sentiment of downstream enterprises is more cautious and the wait-and-see attitude is strong. The quotations of some dealers have dropped about 300-500 yuan / ton. After another week’s small fluctuation and decline, the market’s price stability mentality basically disintegrated, and the manufacturers have begun to show a low-cost bidding mode. Most of the manufacturers lowered the quotation of organosilicon DMC again. On March 16, the reference average price of data monitoring DMC market was around 18066 yuan / ton, and the price of some low-end offers was 17000 yuan / ton. At the end of the month, due to the aggravation of international public events, the export of organosilicon DMC was also limited, and the market offer was sharply lowered again, with a reduction of about 500-1000 yuan / ton. On March 23, the reference average price of data monitoring DMC market had dropped to near 15700 yuan / ton, and some low-end offers had fallen below 15000 yuan / ton. However, the downward trend of the market has not stopped. On the 30th, some quotations of organosilicon DMC market continued to loosen. The market reference average price has dropped to around 15200 yuan / ton, and some low-end quotations have reached around 14500 yuan / ton. At present, the market price has fallen to the cost price. This whole month’s sharp decline, the inventory of single plant can be digested and eased, and the market will gradually stop falling and stabilize operation.

Industry chain: upstream metal silicon Market: in domestic aspect, the market inventory is low, the silicon plant in Xinjiang area reduced production in February to March, and started at a low level, with a slight decline in monthly output on a month on month basis; the operating rates in Yunnan and Sichuan are not high, although the number of furnaces opened in Nujiang in Yunnan increased slightly on a month on month basis, but in the late March; some small-scale manufacturers in Fujian and Hunan area resumed production, with small capacity. Overall, the domestic operating rate in March was about 30%, 0.3 percentage points lower than the previous month. It is reported that the current social inventory decreased nearly 30% year on year.

3、 Future forecast

Analysts of business club believe that the market of organosilicon DMC has fallen to the bottom. After inventory removal, the manufacturer’s heart of price increase has been expressed. It is expected that the market of organosilicon DMC will rise steadily in April.