Silicone Market Prices Rise Across the Board, Silibao Technology Announces Price Adjustments-Iota

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News > Dynamic industry > Silicone Market Prices Rise Across the Board, Silibao Technology Announces Price Adjustments

Silicone Market Prices Rise Across the Board, Silibao Technology Announces Price Adjustments

On February 24, 2024, the domestic silicone market experienced a new round of price increases. According to the latest market quotations, the price of DMC (dimethylcyclosiloxane) has risen significantly, with the average market price reaching 13,900 yuan per ton, an increase of 500 yuan per ton compared to the previous working day. Quotations from monomer plants have generally increased by 200-500 yuan per ton, with the price range now between 13,200 and 14,300 yuan per ton. Other silicone products, such as 107 rubber, raw rubber, compounded rubber, and dimethyl silicone oil, have also seen varying degrees of price increases, ranging from 200 to 700 yuan per ton.

**Market Analysis:**
- **DMC Market**: Despite the price increase, due to the fact that downstream companies had already engaged in phased restocking last week, inventory levels have generally risen. However, insufficient follow-up demand has led to lower inquiries and purchasing intentions for high-priced raw materials today, resulting in a relatively quiet market for new DMC orders.
- **Raw Material Sector**: The price of metallic silicon remains weakly stable in the short term. On the supply side, monomer plants are showing a trend of reduced现货 supply in the short term.
- **Demand Side**: Downstream companies have sufficient raw material inventories and are generally adopting a wait-and-see attitude, leading to cautious overall market transactions.

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**Silibao Technology Announces Price Adjustments:**
Meanwhile, Silibao Technology, a leading domestic listed silicone adhesive company, issued a price adjustment notice on February 21. The company announced that due to the continuous rise in silicone raw material prices, which has increased production costs, it has decided to raise the prices of some products by 3%-10% starting from March 1, 2025, to ensure the continued provision of high-quality products and services to customers.

**Market Outlook:**
With the continuous rise in silicone raw material prices, downstream companies are facing increasing cost pressures. It is expected that the market will face certain adjustment pressures in the future. In the short term, supply and demand dynamics will dominate price trends, and downstream companies' procurement strategies will become more cautious. Silibao Technology's price adjustment measures may have a certain impact on the industry, and other companies may also adjust their pricing strategies based on market conditions.

**Disclaimer:** The above quotations are for reference only and do not serve as a basis for transactions. Specific prices are subject to real-time quotations from companies.

(Source: Compiled from publicly available market information)

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