The decline in the organic silicon DMC market continues

According to monitoring data from Business Society, as of April 22, 2024, the domestic organic silicon DMC market price reference was 13620 yuan/ton. Compared with April 18 (organic silicon DMC reference 13840 yuan/ton), the price decreased by 220 yuan/ton, a decrease of 1.51%.

 

Thiourea

From the data detection chart of the organic silicon DMC products of the Business Society, it can be seen that in recent times, the focus of the domestic organic silicon DMC market has continued to approach a low level, and the effective support on the organic silicon DMC market is insufficient, resulting in a continuous decline in the market situation. In late April, the decline of organic silicon DMC continued. On the 22nd, the center of gravity of organic silicon DMC once again fell, and the price reduction of major manufacturers drove the overall market to continue to decline, narrowing the price difference between high and low prices on the market. As of April 22nd, the domestic market price of organic silicon DMC is based on around 13500-14000 yuan/ton.

 

Analysis of influencing factors

 

In terms of demand: Currently, the overall downstream demand for organic silicon DMC is still weak, downstream orders are cautious, and the inquiry atmosphere is light.

 

In terms of supply: Currently, although some factories have reduced their operations or shut down for maintenance, the overall operating rate on site has decreased. However, due to the drag of the demand side, the overall supply and demand transmission of organic silicon DMC is still slow, and the supply of organic silicon DMC in some regions is still under pressure.

 

In terms of cost: Currently, the raw material silicon metal market continues to operate at a low level, and the cost side provides limited support for organic silicon DMC.

 

Prediction of the future trend of organic silicon DMC market

 

At present, although the overall trading atmosphere in the organic silicon DMC market is still relatively light, and the mentality of the industry is average, there is a certain wait-and-see sentiment in the market, and there is not much support in the market. However, with the arrival of Labor Day, downstream markets may have bargain hunting and pre holiday stocking operations, which may bring some boost to the organic silicon DMC market. The market may have the possibility of stabilizing and stopping the decline. The organic silicon DMC data analyst from Business Society believes that in the short term, the domestic organic silicon DMC market can mostly stop falling and stabilize, or operate with large and small fluctuations. More attention should be paid to changes in supply and demand news.

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