[SMM Silicon Daily Review: Weak Demand in the Silicone Market, Surplus on the Supply Side] In Shandong, 107 silicone rubber was quoted at 13,200-13,500 yuan/mt, and silicone oil was quoted at 14,500-15,800 yuan/mt. In Jiangsu, 107 silicone rubber was quoted at 13,000-13,300 yuan/mt, and silicone oil was quoted at 14,000-15,300 yuan/mt.
SMM January 7 News: In Shandong, 107 silicone rubber was quoted at 13,200-13,500 yuan/mt, and silicone oil was quoted at 14,500-15,800 yuan/mt. In Jiangsu, 107 silicone rubber was quoted at 13,000-13,300 yuan/mt, and silicone oil was quoted at 14,000-15,300 yuan/mt, with the low-end price of silicone oil adjusted downward compared to yesterday. As the year-end approaches, the overall operating rate on the supply side of 107 silicone rubber and silicone oil remains high. With logistics expected to halt soon, downstream enterprises are nearing the end of their stockpiling, and the market trading volume is expected to shrink. The overall supply and demand situation reflects oversupply. It is anticipated that some producers will focus on year-end discount sales in the near term, with the market trading center shifting to lower levels.
