SMM Review of 107 Silicone Rubber Market This Week

Prices stabilised between 15,000-15,500 yuan/mt as of May 18, with a weekly average of 15,250 yuan/mt, down 100 yuan/mt from a week earlier.

This week, the transaction of 107 silicone rubber remained sluggish, and the downstream buyers purchased as required. At present, many enterprises have plans to undertake maintenance.

While this is unlikely to change the strong supply and weak demand in the silicone market, the oversupply can ease to some extent. It is expected that the prices of 107 silicone rubber will remain weak at lows in the near term.

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