The local prices are expected to be released soon, stay tuned!
Got it
+86 021 5155-0306
Language:
SMM
Sign In
Base Metals
Aluminum
Copper
Lead
Nickel
Tin
Zinc
New Energy
Solar
Lithium
Cobalt
Lithium Battery Cathode Material
Anode Materials
Separator
Electrolyte
Lithium-ion Battery
Sodium-ion Battery
Used Lithium-ion Battery
Hydrogen Energy
Energy Storage
Minor Metals
Silicon
Magnesium
Titanium
Bismuth/Selenium/Tellurium
Tungsten
Antimony
Chromium
Manganese
Indium/Germanium/Gallium
Niobium/Tantalum
Other Minor Metals
Precious Metals
Rare Earth
Gold
Silver
Palladium
Platinum/Ruthenium
Rhodium
Iridium
Scrap Metals
Copper Scrap
Aluminum Scrap
Tin Scrap
Ferrous Metals
Iron Ore Index
Iron Ore Price
Coke
Coal
Pig Iron
Steel Billet
Finished Steel
International Steel
Others
Futures
SMM Index
MMi
The sentiment to stand firm on quotes for DMC remains strong, while the prices of downstream products appear stable but are actually declining. [SMM Analysis]
Mar 27, 2025, at 1:50 pm
【SMM Analysis: Strong Sentiment to Stand Firm on Quotes for DMC, While Downstream Product Prices Show Hidden Declines】This week, domestic DMC quotes ranged from 14,300 to 14,800 yuan/mt, with the average price down by 50 yuan/mt WoW. The online store of a Shandong monomer enterprise opened with a DMC quote of 14,400 yuan/mt, maintaining stability WoW. The leading enterprise quoted DMC at 14,800 yuan/mt. This week, other domestic monomer enterprises quoted DMC at around 14,500 yuan/mt. After the price increase last week, market transactions were slightly boosted. However, entering this week, as panic stockpiling by some downstream enterprises ended, market transactions declined again. Monomer enterprises faced poor order-taking, and recent slight price reductions by some traders, offering discounts to clear inventory, led to lower transaction prices, resulting in a slight decrease in the market average price.
SMM March 27 News: According to SMM, domestic DMC prices this week ranged from 14,300 to 14,800 yuan/mt, with the average price down 50 yuan/mt WoW. The online store of a Shandong monomer producer opened DMC quotes at 14,400 yuan/mt, unchanged WoW. Leading enterprises quoted DMC at 14,800 yuan/mt. Other domestic monomer producers quoted DMC at around 14,500 yuan/mt this week. After the price increase last week, market transactions were slightly boosted. However, as panic stockpiling by some downstream enterprises ended this week, market transactions declined again. Monomer producers faced poor order-taking, and recent slight price cuts by some traders to promote sales led to lower transaction prices, resulting in a slight decrease in the market average price.
Figure: Silicone Product Price Trends
Supply side, monomer producers have gradually started to reduce production again. The operating rates of the current 12 domestic monomer producers have all dropped below 70%, with some even falling below 40%. Production cuts are proceeding as planned, and the full implementation of the production cut plan is expected to start from April 1, reducing the industry's annual capacity to less than 5 million mt.
Demand side, under the joint efforts of monomer producers to refrain from price cuts last week, downstream enterprises began to purchase due to fear of price increases. However, from last weekend, market transactions significantly declined again. On one hand, the raw material purchases by downstream enterprises have not been fully consumed, resulting in relatively small purchase willingness. On the other hand, the recovery speed of end-use demand is limited, and the consumption speed of end-use products by producers is slow.
For future price predictions, in the context of weak supply and demand, some enterprises are offering discounts to promote sales. However, the sentiment of monomer producers to stand firm on quotes remains strong. With the continued reduction in supply, they still plan to raise prices again. It is expected that the prices of various silicone products will mainly be subject to bargaining in the near future.
