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Silicone market news

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On August 24, individual monomer manufacturers that had previously closed their quotations resumed their quotations in the afternoon. In addition to the high prices auctioned by small-volume monomer manufacturers a few days ago, this is the official increase of the DMC quotation by the large monomer factory to 36,000 yuan/ton, which also represents the mainstream quotation in the market.

The quotation of raw rubber was raised to 37,000 yuan/ton, the quotation of 107 glue was raised to about 36200 yuan/ton, and the quotation of methyl silicone oil from some manufacturers was raised to 40,000 yuan/ton.

This round of price hikes triggered by silicones, manufacturers have closed their markets, downstream companies have issued price increase letters, and stopped accepting a variety of products. The performance is like a re-enactment of the price increase in 2018. It's just that the reason for that year was the superposition of multiple factors such as maintenance, production restriction, and environmental protection. Now it is the superposition of multiple factors such as maintenance, power cuts, epidemics, and rising raw materials. 

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