According to the monitoring data of the business community, as of November 4, 2022, the reference price of the domestic silicone DMC market is 17880 yuan/ton, which is 40 yuan/ton higher than the reference price of October 30, 2022 (17760 yuan/ton), or 0.68% higher.

It can be seen from the data monitoring chart of the business community that last week, the market situation of silicone DMC steadily recovered. Shandong large factories raised the price of silicone DMC by 500 yuan/ton accumulatively last week. Although the prices of large factories did not increase widely, they also promoted the overall atmosphere of the market. Entering this week (10.31-11.04), at the beginning of the week, the leading large factories slightly raised the ex factory price of silicone DMC to around 18000-18200 yuan/ton. Most of the other monomer plants offer stable and firm prices. At present, as of November 4, the domestic silicone DMC market price is around 17800-18200 yuan/ton. The main driving factors supporting the recent upward movement of the silicone DMC market are from the following two aspects:

1、 In terms of supply, at present, most of the equipment in the monomer factory has started to undergo reduced maintenance, and the starting load of the monomer factory has dropped to about 6 floors. The monomer factory has actively reduced the load to cope with the current weak market situation. In addition, the transportation in Xinjiang and Inner Mongolia has been blocked, and the spot circulation of silicone DMC has decreased, mainly supporting the silicone DMC manufacturers to firm their quotations.

2、 In terms of cost, in this week, although the price of raw metal silicon declined slightly, it still remained at a high level as a whole. Therefore, the cost still gave support to the DMC market.

In terms of upstream metal silicon, the domestic metal silicon market declined slightly in November. On November 4, the reference price of metal silicon was 21190 yuan/ton, down 1.3% compared with November 1 (21470 yuan/ton).

Prediction of the future trend of silicone DMC market

At present, the support given to organosilicon DMC by downstream demand is still insufficient. In the early stage, downstream users bought on bargain, and some organosilicon DMC stocks on the market were digested, but the market is still in a wait-and-see mood, and the enthusiasm for stocking has not been fully opened. Therefore, the silicone DMC data analyst of the business community believes that in the short term, the domestic silicone DMC market tends to adjust and operate in a narrow range, and the specific trend needs to pay more attention to the changes in the information on the supply and demand side.