According to monitoring data from Business Society, as of February 29, 2024, the domestic organic silicon DMC market price reference was 15360 yuan/ton. Compared with February 1 (organic silicon DMC reference 14980 yuan/ton), the price increased by 380 yuan/ton, an increase of 2.54%.

In February, the domestic organic silicon DMC market as a whole experienced a steady upward trend. In early February, on the eve of the Spring Festival, the downstream stocking of organic silicon DMC basically ended, and the market performance remained stable with a slight strong trend. During the holiday period, the organic silicon DMC market operated steadily, and the basic news on the market was relatively calm.

In late February, with the return of the holiday, the organic silicon DMC market began a broad upward trend. After the holiday, Shandong large factories took the lead in raising the price of organic silicon DMC to 15200 yuan/ton. The increase by large factories has driven the market’s restless desire for an increase, and other factories have also started to follow in the footsteps of large factories, raising the price of organic silicon DMC.

At the end of the month, the phenomenon of large domestic factories closing their stocks has increased, and leading companies closing their stocks continues to inject an upward atmosphere into the market. The overall focus of the organic silicon DMC market continues to approach high levels. As of February 29th, the price of organic silicon DMC in the domestic market is around 15200-15600 yuan/ton.

Analysis of the driving factors supporting the upward trend of the organic silicon DMC market:

In terms of supply: Prior to the holiday, the downstream of organic silicon DMC was generally well stocked, but returned after the holiday. The overall supply inventory in the market is controllable, and some factories have pre orders in the early stage, so the shipping pressure is not high. Coupled with the impact of weather factors in some regions after the holiday, the spot circulation of organic silicon DMC is limited. Therefore, overall, in February, the supply side provided strong support to the organic silicon DMC market.

In terms of demand: Before the Spring Festival, the overall demand for organic silicon DMC market was good, and the supply and demand transmission was relatively smooth. After the holiday, downstream markets gradually resumed work and production, and the demand for raw materials remained mainly based on rigid procurement, gradually releasing demand. Therefore, the demand side also brought some impetus to the upward trend of the organic silicon DMC market in February.

Prediction of the future trend of organic silicon DMC market

At present, the trading atmosphere of organic silicon DMC on the exchange is still good, and the mentality on the exchange is good. The operators have certain expectations for the future market. The organic silicon DMC data analyst from Business Society believes that in the short term, the domestic organic silicon DMC market will mainly operate at high levels, and more attention should be paid to changes in supply and demand news.