SMM, February 24: This week, domestic leading enterprises once again raised the prices of all silicone products. DMC prices increased by 500 yuan/mt WoW, with 107 silicone rubber, silicone oil, and raw rubber following the same increase of 500 yuan/mt during the same period. Other monomer enterprises also raised their DMC prices to 14,000 yuan/mt. The overall market price center rose rapidly, moderately stimulating downstream purchasing sentiment. It is expected that domestic market transactions may slightly improve this week. This week, domestic leading enterprises once again raised the prices of all silicone products. DMC prices increased by 500 yuan/mt WoW, with 107 silicone rubber, silicone oil, and raw rubber following the same increase of 500 yuan/mt during the same period. Other monomer enterprises also raised their DMC prices to 14,000 yuan/mt. The overall market price center rose rapidly, moderately stimulating downstream purchasing sentiment. It is expected that domestic market transactions may slightly improve this week.
Chart: Price Trends of Silicone Products
This week, domestic leading enterprises once again raised the prices of various silicone series products. DMC prices increased by another 500 yuan/mt this week. Against this backdrop, monomer enterprises maintained a highly consistent sentiment to stand firm on quotes, with other monomer enterprises raising their prices to 14,000 yuan/mt. SMM had previously anticipated this round of price increases, with specific reasons as follows: First, the domestic supply side has recently seen a continuous decline in operating rates, with maintenance plans of various monomer enterprises following one after another. The supply of products such as 107 silicone rubber and raw rubber has started to decrease, coupled with the fact that domestic monomer enterprises currently face low inventory pressure. Second, downstream demand for room-temperature adhesives and high-temperature adhesives has begun to rise due to the impact of peak season demand, providing certain support for market demand. Moreover, demand in March is expected to remain stable. Under the influence of weak supply and strong demand, the prices of DMC and raw material products have started to rise again.
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