SHANGHAI, Aug 31 (SMM) - SMM research showed that on August 31, the prices of silicone DMC dropped further to 18,800-19,800 yuan/mt. In the last week of August, quotes from all silicon monomer producers fell. Affected by the poor terminal consumption such as real estate and electronic appliances, the peak season of September and October did not stimulate the downstream restocking, and the market still held a wait-and-see sentiment. Silicon monomer producers in Shandong reduced their quotes by another 200 yuan/mt to 18,800 yuan/mt to attract downstream purchasing, while quotes from other producers temporarily stood steadily at 19,800 yuan/mt, but the actual traded prices were lower.
On the supply side, with the completion of the maintenance of silicon monomer producers in Hebei and the improvement of the pandemic situation in Xinjiang, the producers will gradually resume their production, and the supply will grow. In addition, the production of #421 metal silicon of producers in Sichuan and other places where the power rationing is over will also restore. Therefore, SMM believes that the short-term prices of silicone DMC will be basically stable but may also fall sometimes.
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