Business Society: Organic Silicon DMC Market Begins to Rise with Dual Support from Supply and Demand

date
05/03/2024
avatar
GMT Eight
On March 5th, Shengyi.com reported that the market price of dimethyl carbonate (DMC) in the domestic silicone industry has significantly increased recently. According to Shengyi.com's commodity price analysis system, as of March 4th, the reference price of DMC in the domestic market was at 16120 yuan per ton, which is a 7.61% increase compared to the price of 14980 yuan per ton on February 1st. Since early February, the domestic DMC market has experienced a steady upward trend overall. In the first half of February, downstream stocking of DMC basically ended, with the market news being relatively calm, leading to stable and slightly strong market performance. Starting from late February, the DMC market saw a significant increase in prices. After the holiday, a major factory in Shandong first raised the price of DMC to 15200 yuan per ton, followed by other factories raising their prices. Currently, the phenomenon of major factories closing their positions has increased, with the leading companies continuing to inject an atmosphere of rising momentum into the market, and the overall focus of the DMC market continues to move towards higher levels. Analysis of the driving factors supporting the rise in the DMC market: Supply: Before the holiday, the overall downstream stocking of DMC was good, and after the holiday, the overall supply inventory of the market was under control. Some factories had pre-received orders, so there was not much pressure on shipments. In addition, due to weather factors in some regions after the holiday, the circulation of spot DMC was restricted. Therefore, overall, the supply side provided strong support for the DMC market. Demand: Before the holiday, the overall demand for the DMC market was good, with the transmission of supply and demand being relatively smooth. After the holiday, downstream markets gradually resumed work and production, mainly purchasing raw materials out of necessity, leading to a gradual release of demand. Therefore, the demand side also provided some momentum for the upward trend of the DMC market. Future prediction: Currently, the trading atmosphere in the DMC market is still good, with businesses having a positive outlook for the future. Shengyi.com's data analysts believe that in the short term, the domestic DMC market will continue to operate at high levels, but specific attention should be paid to changes in supply and demand dynamics.

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