Silicone Market Price Adjustments: Subtle Changes in Supply and Demand-Iota

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News > Dynamic industry > Silicone Market Price Adjustments: Subtle Changes in Supply and Demand

Silicone Market Price Adjustments: Subtle Changes in Supply and Demand

Recently, the silicone market has experienced a series of noteworthy price adjustments and shifts in supply and demand, attracting the attention of many industry professionals. In the current market environment, every price fluctuation can have a significant impact on cost control and profit expectations for businesses. Moreover, the imbalance between supply and demand poses major challenges for companies in their production and sales strategies.

On March 6, key product prices in the silicone market saw noticeable adjustments. In the East China region, the price range for 421# metallurgical silicon was between 11,300 and 12,300 RMB per ton. The price of DMC underwent a significant change, with a major plant in Shandong increasing the price by 400 RMB per ton to 13,900 RMB per ton. Additionally, the factory price condition was changed from “self-pickup” to “delivered,” which not only directly impacts logistics costs for businesses but also reflects new market competition dynamics. Meanwhile, the price of 107 silicone rubber ranged from 14,300 to 14,500 RMB per ton, raw silicone was priced at 15,000 to 15,200 RMB per ton, and mixed silicone rubber ranged from 13,700 to 15,500 RMB per ton. The price of dimethyl silicone oil was between 15,800 and 18,000 RMB per ton. Additionally, the price of methanol decreased by 10 RMB per ton to 2,470–2,490 RMB per ton, while the price of methyl chloride increased by 100 RMB per ton to 2,100 RMB per ton. It is important to note that these prices are for reference only and do not serve as actual transaction bases. Real-time quotations from businesses are the key benchmarks for market transactions.

From a market overview perspective, today’s domestic DMC market remained stable overall, with an average price of 13,900 RMB per ton, unchanged from the previous working day. Although monomer manufacturers maintained stable pricing, the price condition adjustments by the leading Shandong plant immediately drew significant attention in the market, like a stone thrown into a calm lake. However, actual market transactions were not as promising. The expected release of terminal demand did not materialize, and the sufficient inventory of raw materials led to strong market hesitation, resulting in few new transactions.

On the raw material side, the price of metallurgical silicon remained weakly stable, while the price of monochloromethane increased against the trend. On the supply side, some monomer manufacturers still have production reduction plans, which has intensified concerns about future supply shortages. On the demand side, downstream enterprises are keeping their replenishment levels low, further highlighting the weakness in market demand.

These changes in the silicone market present multiple challenges for industry participants. Companies need to closely monitor market dynamics and flexibly adjust their production and procurement strategies to cope with market uncertainties.

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