According to monitoring data from Business Society, as of March 31, 2024, the domestic market price of organic silicon DMC was referenced at 15260 yuan/ton. Compared with March 1 (organic silicon DMC reference 15960 yuan/ton), the price decreased by 700 yuan/ton, a decrease of 4.39%.
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From the data detection chart of the organic silicon DMC products of Shengyishe, it can be seen that in March, the overall domestic organic silicon DMC market showed a trend of “first rising, then falling, and then falling at the end of the month”.
Analysis of March Organic Silicon DMC Market
In early March, the domestic organic silicon DMC market showed a slight upward trend overall. Supported by pre orders, the organic silicon DMC factory faced relatively low supply pressure on the market. In addition, the atmosphere of buying up but not falling downstream was heightened. In early March, the overall negotiation atmosphere in the organic silicon DMC market was operating at a high level.
In mid March, with the end of downstream stage demand stocking, the trading atmosphere of organic silicon DMC on the market returned to calm, and the atmosphere of chasing gains on the market gradually weakened. The lack of support for the continued upward momentum of the organic silicon DMC market was revealed, and the overall market entered a consolidation operation.
In late March, as demand continued to weaken, it was difficult for organic silicon DMC to sustain sustained high and stable operations on the market, and the market began to decline. The low price of organic silicon DMC fell below the 16000 yuan/ton mark. In some regions, the price of organic silicon DMC has also started to decrease sporadically, with a reduction of about 100-200 yuan/ton. As the end of the month approaches, the focus of the organic silicon DMC market has significantly declined. Shandong’s major and leading factories have lowered the ex factory price of organic silicon DMC, and the low price of organic silicon DMC in the market has dropped to 14800 yuan/ton. As of March 31, the domestic organic silicon DMC market price is around 14800-15500 yuan/ton.
Analysis of influencing factors
The main factors affecting the “high opening, low moving, and month end diving” of the organic silicon DMC market in March come from the following three aspects:
In terms of supply: At the beginning of the month, some organic silicon DMC factories had pre orders to provide price support for organic silicon DMC. Therefore, the factory’s willingness to ship at low prices is not strong, and there is not much supply pressure. In the latter half of the year, some factories have slowed down their shipping pace and increased their willingness to sell at a lower price. As a result, the focus of market negotiations has gradually shifted towards a lower price.
In terms of demand: In the early stages, there was a strong buying atmosphere in the downstream of organic silicon DMC, and the overall downstream market was still in a stocking trend. Starting from mid to late October, with the end of downstream stocking, the demand side has weakened, and with weak demand support, the bearish situation in the organic silicon DMC market has emerged, gradually leading to a weak trend in the market.
In terms of cost: In March, the metal silicon market continued to decline, and the cost side provided loose support for organic silicon DMC. Therefore, in March, the organic silicon DMC market was not supported enough by the cost side.
The price situation of organic silicon DMC in the mainstream market in March
Region/ Product/ March 31st/ Monthly fluctuations
Shandong region/ Organic silicon DMC/ 14800-15500./-800
Zhejiang region/ Organic silicon DMC/ 15000-15200./-1200
Central China region/ Organic silicon DMC/ 15200./-1000
Southwest region/ Organic silicon DMC/ 15200./-900
Prediction of the future trend of organic silicon DMC market
At present, the trading atmosphere on the organic silicon DMC market is relatively light, with cautious orders placed in the middle and lower reaches mainly for essential needs. The supply and demand game in the organic silicon DMC market is exposed, and the organic silicon DMC data analyst from Business Society believes that in the short term, the domestic organic silicon DMC market will mostly be weakly adjusted and operated, and more attention should be paid to changes in supply and demand news.
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