Analysis of silicone market last week
Hits: 487
img
1. Price trend
Last week, the overall silicone market price showed a weak and volatile trend. Taking silicone DMC as an example, according to the data from Sino-Trade, the base price of silicone DMC was 11,240.00 yuan/ton on June 10, down 4.26% from the beginning of this month; on June 12, the base price further dropped to 11,120.00 yuan/ton, and the decline widened to 5.28%. From the perspective of regional quotations, the market price of silicone DMC in Shandong Province on June 13 was between 11,500.00 and 13,500.00 yuan/ton, and there were certain differences in the prices of products from different manufacturers and grades. This price trend reflects the changes in the market supply and demand relationship and the impact of market sentiment.
2. Supply situation
On the supply side, as an important raw material for silicone, the spot price of industrial silicon remained stable. Entering the flood season, some silicon factories in the south began to resume production, and the supply of industrial silicon increased due to the addition of new production capacity and the resumption of production of previously suspended production capacity. The operation of organosilicon monomer plants is at a high level, and the demand for industrial silicon has increased slightly, but the market supply is relatively sufficient and there is a certain amount of inventory. This shows that the current organosilicon market is relatively loose in supply, which has a certain pressure on prices.
3. Demand situation
The demand side is relatively weak. Downstream enterprises are cautious in purchasing and mainly purchase on demand. Although it is expected that the raw material inventory of downstream enterprises will bottom out after May 20, and the market transaction volume is expected to be driven, at present, the downstream demand has not improved significantly. Organosilicon monomer plants are facing the pressure of insufficient downstream demand, and the price center of gravity has shifted downward. The spot price of polysilicon has also fallen, further affecting the market's demand expectations for organosilicon.
4. Market Outlook
On the whole, the market situation of organosilicon last week was affected by various factors such as supply and demand relations and market sentiment. In the short term, the market may continue to fluctuate in the bottom range. With the consumption of raw material inventory of downstream enterprises, market demand is expected to be gradually released, but the specific market trend still needs to pay attention to factors such as changes in raw material prices, recovery of downstream demand, and new production capacity.