According to monitoring data from Business Society, as of October 19, 2023, the domestic market price of organic silicon DMC was referenced at 14560 yuan/ton. Compared with October 14 (organic silicon DMC reference 14540 yuan/ton), the price increased by 20 yuan/ton, an increase of 0.14%.
From the data monitoring chart of the Business Society, it can be seen that as of this week, the domestic organic silicon DMC market has shown a slight increase and remained stable. In the early stage, during the low price period of organic silicon DMC, downstream companies carried out small-scale low level restocking, with good shipments from large factories and acceptable order volume. Therefore, after entering this week, some factories began to rebound in sales and limited order taking. The overall spot price of organic silicon DMC on the market saw a slight increase, with an upward adjustment range of around 100-200 yuan/ton, and the high-end price of organic silicon DMC rose to around 14800 yuan/ton. Subsequently, due to the loose cost support provided by the downward trend of raw material metal silicon market, the organic silicon DMC market continued to rise weakly and entered a stable consolidation stage. As of October 19, the domestic organic silicon DMC market price reference was around 14400-14800 yuan/ton.
Prediction of the Future Trend of Organic Silicon DMC Market
At present, the trading atmosphere on the organic silicon DMC floor is mild. Some factories have pre received some orders in the early stage, and the overall supply side pressure on the organic silicon DMC is relatively low. As the cost side prices fall, the wait-and-see sentiment on the organic silicon DMC floor is becoming stronger, and the downstream willingness to continue stocking has weakened. However, although there is an expectation of weakening demand side support, there is no significant short-term pressure on the supply side to still provide market support. Therefore, The organic silicon DMC data analyst from the Business Society believes that in the short term, there will be limited significant changes in the organic silicon DMC market, and the market will continue to remain stable and consolidate. Specifically, it is necessary to pay more attention to the latest news changes on the supply and demand side.
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