According to the monitoring data of the Business News Agency, as of March 28, 2023, the domestic silicone DMC market price reference was 15860 yuan/ton. Compared to the March 1, 2023 (silicone DMC reference price 17380 yuan/ton) price, the price was reduced by 1480 yuan/ton, a decrease of 8.75%.

As can be seen from the data monitoring chart of the Business Agency, the overall domestic silicone DMC market has shown a continuous downward trend since March (3.1-3.28). Although March has arrived, the “peak season has not yet arrived”. In March, the organic silicon DMC market has not ushered in a vigorous procurement scene, and the overall downstream demand is difficult to support the delivery rhythm of the supply side. With the continued weak demand, the center of gravity of the organic silicon DMC market continues to close downward, and the transmission of supply and demand is blocked. Towards the end of the month, the overall decline of the organic silicon DMC market has reached around 1300-1800 yuan/ton, a decline of more than 8%. As of March 28, the domestic silicone DMC market price is around 15400-16200 yuan/ton, and the price at the higher end is around 16500 yuan/ton.

Prediction of the future trend of silicone DMC market

Currently, although the supply side of silicone DMC has been actively regulated, the overall supply side on the market is still on the high side. The supply side has given some pressure, and the overall supply and demand support is relatively weak. According to the silicone DMC data analyst of the business agency, in the short term, the domestic silicone DMC market will mostly be adjusted and operated in a weak and narrow range, and the specific trend needs to pay more attention to the changes in information on the supply and demand side.