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Silicone Industry Prices Rise, Trading Volume Provides Effective Support [SMM Silicone Weekly Review]
Mar 20, 2025, at 5:57 am
[SMM Silicone Weekly Review: Prices Across the Entire Silicone Industry Rise, Trading Volume Provides Effective Support] This week, domestic DMC quotes were 14,400-14,800 yuan/mt, with the average price rising 550 yuan/mt WoW. The online mall of a Shandong monomer company opened with a DMC quote of 14,400 yuan/mt, up 500 yuan/mt WoW; the leading enterprise's DMC quote was 14,800 yuan/mt, also up 500 yuan/mt WoW. Other domestic monomer companies quoted around 14,500 yuan/mt for DMC this week, with the market price center rising 500 yuan/mt. Domestic monomer companies further engaged in joint efforts to refrain from price cuts, collectively raising prices by 500 yuan/mt. On top of the price hikes, the original operating load will also decrease, and the industry's operating rate is expected to drop to around 60%. Downstream enterprises began to enter the market for purchases, and panic sentiment was somewhat triggered. It is expected that the trading volume in the domestic market will rise rapidly in the near future.
SMM March 20 News: Costs: The average price of #421 silicon (for silicone) in east China this week was 12,000 yuan/mt, a decrease of 50 yuan/mt from last week. This week, the operating rate of domestic silicon metal producers slightly increased, with spot supply pressure remaining high. Additionally, the downstream operations in sectors such as silicone were fluctuating downward, leading to a slight decline in silicon metal prices under the trend of decreasing demand. The price of monochlorosilane remained stable this week, with transaction prices in east China at 2,100 yuan/mt. Overall costs decreased again compared to last week, and the profit margins for monomer enterprises improved significantly. DMC: This week, the domestic DMC quotes ranged from 14,400 to 14,800 yuan/mt, with an average increase of 550 yuan/mt. A Shandong monomer enterprise's online mall opened with a DMC quote of 14,400 yuan/mt, up 500 yuan/mt from last week; the leading enterprise's DMC quote was 14,800 yuan/mt, also up 500 yuan/mt. Other domestic monomer enterprises quoted around 14,500 yuan/mt for DMC, with the market's price center rising by 500 yuan/mt. This week, domestic monomer enterprises further engaged in joint efforts to refrain from price cuts, collectively raising prices by 500 yuan/mt. On top of the price hikes, the original operating load of monomers will also decrease, with the industry's operating rate expected to drop to around 60%. Downstream enterprises began to enter the market for procurement, and panic sentiment was somewhat triggered, with domestic market trading volume expected to rise rapidly in the near future. Silicone Oil: This week, the domestic dimethyl silicone oil quotes increased, with current market prices ranging from 15,700 to 16,600 yuan/mt, averaging 16,150 yuan/mt, up 500 yuan/mt from last week. The leading domestic monomer enterprise raised its silicone oil price by 500 yuan/mt, with drum prices reaching 16,600 yuan/mt. As prices rose, downstream enterprises, already low on raw material inventory, began to make appropriate purchases, resulting in an increase in order volumes. 107 Silicone Rubber: This week, the price of 107 silicone rubber first fell and then rose, with current quotes ranging from 14,500 to 15,000 yuan/mt, averaging 14,750 yuan/mt, up 350 yuan/mt from last week. At the beginning of the week, 107 silicone rubber prices slightly declined due to reduced procurement by downstream buyers, with the industry's price center dropping by 50 yuan/mt. However, with the support of joint efforts to refrain from price cuts and increased cost support from DMC, 107 silicone rubber transactions were quickly boosted after the price hike signals. Monomer enterprises recently saw higher transaction activity for 107 silicone rubber, with stronger subsequent price support. Silicone MVQ: This week, the price of silicone MVQ ranged from 14,900 to 15,500 yuan/mt, averaging 15,200 yuan/mt, up 550 yuan/mt from last week. Although recent demand from the end-use sector for domestic MVQ was limited, major MVQ producers sold at lower prices, significantly reducing inventory levels. With the current round of price increases, MVQ prices started to follow suit. However, due to existing raw material inventories at downstream enterprises, trading volumes were slightly lower than for other grades. Nevertheless, supported by costs, MVQ prices are expected to remain firm.
