SHANGHAI, Feb 24 (SMM) - 107 silicone rubber was highly sought after, sending its prices up by 200 yuan/mt to 18,000-18,500 yuan/mt. Some traders even sold their products at 18,600 yuan/mt.
107 silicone rubber was more popular than other silicone products. For example, one top-tier downstream enterprise was keen to purchase 107 silicone rubber due to robust orders and depleted raw material inventory. Recently, the real estate market has performed well, boosting the demand for silicone sealants and shoring up the prices of 107 silicone rubber and DMC. However, demand from the real estate sector alone is not sufficient to sustain the price rise of 107 silicone rubber. The demand for VMQ and silicone oil remained stable.
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