SMM Review And Forecast Of Silicone Market

SHANGHAI, Aug 24 (SMM) –

DMC: Currently, offers are 13,200-13,700 yuan/mt, but some crept down.

D4: Offers stood stable at 13,800 yuan/mt-15,700 yuan/mt this week. 107 silicone rubber: Offers stood stable at 13,700 yuan/mt-14,300 yuan/mt this week. Methyl vinyl silicone rubber (MVQ): Offers stood stable at 13,500 yuan/mt-14,000 yuan/mt this week. Silicone oil: Offers stood stable at 15,200 yuan/mt-16,000 yuan/mt this week.

Supply and Demand

As of now, facilities of DMC factories in Inner Mongolia and Yunnan underwent downtime, and may resume operation this week, thereby increasing supply. There was stable terminal demand, and the overall industry demand failed to pick up. Therefore, there were weak expectations on impact of a peak season in September and October.