Leading Enterprises Raise Silicone Products Again, DMC Prices Increased by Another 500 Yuan/mt [SMM Analysis]

Published: Feb 24, 2025 17:56

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[SMM Analysis: Leading Enterprises Raise Silicone Product Prices Again, DMC Prices Increased by 500 Yuan/mt] This week, domestic leading enterprises raised the prices of all silicone products again, with DMC prices increasing by 500 yuan/mt WoW. Prices of 107 silicone rubber, silicone oil, and raw silicone rubber rose by 500 yuan/mt during the same period. Other monomer enterprises 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.

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.

Regarding future price forecasts, SMM believes that after this round of price increases, prices are expected to remain stable in the short term. The reasons are as follows: Recently, monomer enterprises have raised prices rapidly, which is expected to limit downstream sentiment to take orders. Additionally, the replenishment of raw material inventories by downstream enterprises will take time to digest. Short-term order-taking is expected to be moderate, but subsequent transactions are still likely to improve. Therefore, in the short term, monomer enterprises are expected to stabilize their quotes and focus on taking orders.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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