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Recently, the silicone market has shown significant fluctuations. Last week, DMC prices shifted from a hidden decline to an open decline, and bearish sentiment in the market has intensified. The decline in metal silicon and methanol prices has weakened cost support. Meanwhile, announcements of further production cuts from monomer manufacturers have failed to offset weak downstream demand, and the further escalation of the tariff war has exacerbated the market's pessimistic outlook.
DMC Prices Declined Openly:
Last week, the mainstream DMC price range was 13,900-14,800 RMB/ton, a noticeable decline compared to the previous week. The open decline in raw material DMC prices has led to a synchronized price drop for major silicone products from monomer manufacturers, further pushing bearish sentiment in the market.
Weak Cost Support:
The continuous decline in metal silicon and methanol prices has reduced production costs, weakening the support for market prices.
Weak Downstream Demand:
Despite announcements of production cuts from monomer manufacturers, downstream and end-user demand remains insufficient, and market sentiment is clearly bearish. Most enterprises are only making small-scale purchases at low prices, with overall procurement intentions remaining low.
Impact of Tariff War:
The further escalation of the tariff war between China and the United States has negatively impacted market sentiment, intensifying bearish expectations.
107 Glue and Gum Prices Declined:
Affected by the decline in DMC prices, 107 glue and gum prices have also dropped accordingly.
Mixed Rubber Prices Remained Stable:
Mixed rubber prices have remained relatively stable, but market demand is weak, and transactions are limited.
Silicone Oil Prices Stable with Local Declines:
Silicone oil prices have generally remained stable, but there have been localized declines in some regions.
Industry experts commented: “In the short term, the silicone market will likely continue to operate weakly with stable prices, and localized price declines may occur. Weak demand and insufficient cost support are the primary pressures in the current market. Enterprises should closely monitor market dynamics and operate cautiously.”
In the short term, silicone product prices are expected to operate weakly with stable prices, and localized price declines may continue. The weak demand and intensifying bearish sentiment in the market will continue to exert pressure. Enterprises should closely monitor changes in raw material prices, tariff policies, and downstream demand dynamics to adjust production and procurement strategies rationally.
