SMM

According to SMM statistics, domestic silicone DMC production in July was 202,200 mt, down 1.84% MoM from June. The total output from January to July 2024 was 1.3676 million mt, up 15.21% YoY. In July, the supply side began to reduce output, with multiple producers starting maintenance, while new capacity installations were unstable, leading to a decline in operation rates. For the production forecast in August, SMM expects an increase due to the stabilization and full operation of newly commissioned capacities, resulting in increased supply. It is estimated that domestic DMC production in August will reach 217,500 mt.