107 Silicone Rubber and Silicone Oil Capacity Surplus, Year-End Stockpiling Still Faces Price Increase Challenges [SMM Silicone Daily Review]

SMM, January 8: In Zhejiang, 107 silicone rubber was quoted at 13,000-13,200 yuan/mt, and silicone oil was quoted at 14,000-15,000 yuan/mt. In Hebei, 107 silicone rubber was quoted at 13,200-13,300 yuan/mt, and silicone oil was quoted at 14,000-14,200 yuan/mt. As the year-end approaches and logistics are expected to halt soon, downstream enterprises are conducting the final round of stockpiling. Market orders have increased, but the supply side of 107 silicone rubber and silicone oil remains in a surplus state, with the overall operating rate of 107 silicone rubber and silicone oil close to full capacity. The market is still in an oversupply situation, and inventory remains high. Price increases face resistance, and upstream enterprises are expected to continue offering goods at low prices in the near term.