According to monitoring data from Business Society, as of March 14, 2024, the domestic organic silicon DMC market price reference was 16220 yuan/ton, which was basically unchanged compared to March 10. Compared with February 29 (organic silicon DMC reference was 15360 yuan/ton), the price increased by 860 yuan/ton, an increase of 5.60%.
From the testing chart of organic silicon DMC product data from Business Society, it can be seen that starting from late February, the domestic organic silicon DMC market has experienced a broad upward trend, with the organic silicon DMC rising all the way into early March. As of March 10th, the overall increase in domestic organic silicon DMC after the Spring Festival exceeded 8%, and the high-end price of organic silicon DMC has also broken through the 17000 yuan/ton mark.
Entering this week, at the beginning of the week, the domestic organic silicon DMC market is generally in a trend of consolidation after rising, with a relatively calm overall performance and little price fluctuation, with stable operation as the main focus. During the week, Shandong’s large organic silicon DMC remained stable at 16100 yuan/ton. It was rumored that there was a second weak opening, with a transaction of 15800 yuan/ton orders, but a new opening returned to 16100 yuan/ton. The price of organic silicon DMC from leading companies has also remained stable, remaining strong around 17000 yuan/ton. Other factories are also stabilizing the previous market trend. During the weekend, the opening price of Shandong’s large organic silicon DMC was once again lowered to 15800 yuan/ton, driving the overall focus of the organic silicon DMC market to move downwards and widening the gap between high and low prices on the market. At present, there is a slight wait-and-see sentiment in the organic silicon DMC market. As of March 14th, the domestic organic silicon DMC market price reference is around 15800-17000 yuan/ton.
At present, the downstream demand for organic silicon DMC is generally shifting towards calmness, and the buying atmosphere in the early stage is gradually calming down. The downstream market is mainly focused on rigid demand procurement while digesting raw materials. The overall pressure on the supply side of organic silicon DMC is still relatively low, and the market is supported by pre orders. However, the price adjustments of major manufacturers have injected anxiety into the market, and the overall wait-and-see atmosphere in the organic silicon DMC market is becoming stronger.
Prediction of the future trend of organic silicon DMC market
At present, the trading atmosphere of organic silicon DMC on the market is mild, and the mentality of chasing gains on the market is slowing down. The overall operating rate of organic silicon DMC is still high, and some operators still have expectations for the traditional peak season of the market. According to the organic silicon DMC data analyst from Business Society, in the short term, the domestic organic silicon DMC market will mainly adjust and operate within a narrow range, and specific attention should be paid to factors such as market operating conditions and changes in production capacity.
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