SHANGHAI, Feb 15 (SMM) - After the CNY holiday, the traditional peak season for silicone has arrived. The operating rate of silicone monomer enterprises is also rising along with growing demand. As of now, according to SMM statistics, the operating rate of 13 domestic silicone monomer enterprises is 80.21%, the highest since H2 2022.
According to SMM estimates, the weekly output of silicone kept rising after the Lantern Festival. The weekly output of DMC in the first week after the festival was about 38,000 mt, an increase of 1,000 mt compared with the previous week. The main factor of growth is still restarts of real estate projects. The demand for silicone downstream products has improved, especially #107 silicone rubber. Downstream buyers have turned cautious after continuous rise in the prices of silicone products.
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