SMM

In September, domestic silicone DMC production decreased by 7.38% MoM from August. The operating rate of domestic monomer enterprises declined again in September, mainly due to the shutdown and maintenance of two monomer enterprises in north China. Additionally, some monomer enterprises in east China slightly reduced their load, bringing the overall industry operating rate down to around 70% for the month. It is expected that the operating rate will continue to decline, primarily because monomer enterprises in east China plan to completely shut down for maintenance in October, with a shutdown period of about 20 days. Furthermore, due to an accident, monomer enterprises in Zhejiang remain shut down with no restart plans, leading to a further decrease in supply.