SMM April 30:
Cost: On April 30, the average price of #421 silicon (used in silicone) in east China was 9,550 yuan/mt, stable WoW, and the average price of #421 silicon in east China was 9,300 yuan/mt, stable WoW. Silicon metal futures prices held up well this week, while spot prices were basically stable. Silicon enterprises saw increased trading volume in shipments to futures-spot traders. Methyl chloride prices were down 200 yuan/mt WoW to around 3,200 yuan/mt. The comprehensive production costs of silicone monomer enterprises declined WoW, with cost pressure somewhat eased.
DMC: The transaction center of China's silicone DMC market moved up this week, with mainstream transaction range at 14,700-15,000 yuan/mt, up 100 yuan/mt WoW. Regional quotations showed slight divergence: monomer enterprises in Shandong quoted 14,700 yuan/mt, while mainstream quotations in other regions reached 15,000 yuan/mt. Additionally, some individual enterprises mainly used their supplies for internal consumption with limited exports, quoting higher at 15,500-15,900 yuan/mt. Market trading sentiment improved this week, mainly driven by pre-Labour Day holiday stockpiling and price rises. Some mid-to-downstream enterprises purchased to secure holiday and post-holiday production needs, but overall purchasing sentiment remained cautious, mostly in small batches for rigid demand. Supply side, upstream monomer enterprises had sufficient order schedules, coupled with continued implementation of industry emission reduction policies, industry operating rates remained low, and some producers had strong willingness to hold prices firm and hold back from selling. Therefore, in the short term, China's silicone DMC prices will continue to hold up well.
Silicone oil: Silicone dimethyl silicone oil market prices rose this week, with regular viscosity prices at 16,000-16,400 yuan/mt, average 16,200 yuan/mt, up 200 yuan/mt WoW. The continued rise in upstream raw material DMC and silicone ether prices provided strong cost support for silicone oil. Producers raised ex-factory quotations to pass on cost pressure, driving the overall market transaction center upward, with demand still mainly following rigid needs.
107 silicone rubber: The market transaction price of regular viscosity silicone 107 silicone rubber was mainly stable this week, with price range at 14,700-15,300 yuan/mt, average 15,000 yuan/mt. Driven by rising costs, some producers slightly raised quotations, but downstream silicone sealant manufacturers still had relatively sufficient raw material inventory. Some pre-holiday purchases were limited to small rigid demand, and acceptance of high prices was limited, with cautious purchasing. Overall market shipments pace was slow, thus the transaction center remained mainly stable.
MVQ: The MVQ price range was approximately 15,300-15,700 yuan/mt this week, average 15,500 yuan/mt, running stable. In terms of supply, top-tier enterprises currently focused on pre-sale order delivery with relatively long delivery cycles, causing some downstream enterprises to turn to other producers for purchases. Therefore, most producers had relatively stable order intake, with some able to basically maintain monthly production-sales balance. In the short term, market MVQ prices will continue to hold up well.
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