According to monitoring data from Business Society, as of October 13, 2023, the domestic market price of organic silicon DMC was referenced at 14540 yuan/ton. Compared with October 1 (organic silicon DMC reference 14860 yuan/ton), the price was reduced by 320 yuan/ton, a decrease of 2.15%.
From the data monitoring chart of the Business Society, it can be seen that after the National Day holiday, the overall domestic silicone DMC market has shown a weak and declining trend. After the holiday, the trading atmosphere on the organic silicon DMC floor was light, downstream demand was weak, and new orders were limited, resulting in overall supply pressure on the floor. In terms of cost, the market for raw material metal silicon is weak after the holiday, and the cost support provided to organic silicon DMC is also loose. After the holiday, although the prices of major factories in Shandong remained stable, some factories and suppliers offered discounts and lowered the price of organic silicon DMC by around 200 to 300 yuan/ton. As of October 13th, the domestic organic silicon DMC market price is based on 14200-14800 yuan/ton.
Prediction of the Future Trend of Organic Silicon DMC Market
At present, the trading atmosphere in the organic silicon DMC market is mild. After the market drops to a low point, short-term bargain-hunting and stocking in the downstream may drive a temporary increase in demand. However, in the long run, the overall performance of the organic silicon DMC market still shows strong supply and weak demand. Therefore, according to the organic silicon DMC data analyst of the Business Society, in the short term, the domestic organic silicon DMC market will mostly adjust and operate in a weak and narrow range.
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