The domestic DMC market prices are showing a downward trend, with the current average transaction price falling to 13850 yuan/ton, a decrease of 150 yuan from the previous working day. At the beginning of the week, the overall quotes from individual factories were relatively stable, with some low inventory companies offering relatively firm quotes and high prices lacking effective market transaction support. Due to increased inventory pressure and last week's price reductions and promotions by some companies, some individual factories have gradually lowered product prices. In addition, there has been no significant rebound in downstream demand, with moderate replenishment at both low and high levels. On the raw material side, the market price of silicon metal continues to operate weakly and steadily. Supply side: Individual factories further exaggerate their production reduction plans, leading to a differentiation in their pricing mentality. Demand side: Terminal stage replenishment demand release.
On March 27th, Dow announced that Ms. Ute Spring will serve as the President of Dow Germany, Austria, and Switzerland (D/A/CH) from April onwards. In addition, she will also serve as the Chairman of the Board of Directors of Dow Germany. She will take over from Julia S. Schlenz, who was appointed as the President of EMEAI (Europe, Middle East, Africa, and India) earlier this year, with overall responsibility for Dow's business in the region.
Ute Spring has nearly thirty years of industry experience, with over 22 years working in different regions and business units at Dow. She recently served as the Director of Development and Technology for the EMEAI region, responsible for the innovation project portfolio of the company's plastics business unit. Ute Spring's career at Dow began in 2003, working in the Engineering Solutions department at the Schwab facility in Germany. In 2007, she switched to the research field and subsequently held multiple leadership positions in the EMEA (Europe, Middle East, Africa) region. She was initially responsible for innovative process research in the automotive field. In 2011, she went to Dow's European headquarters in Holgen, Switzerland to serve as the global technical leader in the field of lightweight composite materials. From 2015 to 2019, Ute Spring served as the Chief Technology Officer and General Manager of DowAksa Germany. Dow Aksa is a joint venture between Dow and Aksa, a carbon material producer in Türkiye. In 2019, she was transferred to Italy and was responsible for leading the technical team of Dow's polyurethane business. In 2023, she will return to the headquarters in Wiesbaden, Germany as the Development and Technical Director of the Plastic Business Unit. Ute Spring represents Dow in senior committees of multiple organizations and associations. She is a member of the supervisory board of Plastics Europe Deutschland, representing Dow in the European Automotive Suppliers Association (CLEPA), and will represent Dow in the Trade Policy Committee of the German Chemical Industry Association (VCI). Ms. Spring holds a Master's degree in Chemical Engineering from Halle Wittenberg Martin Luther University and completed the Advanced Management program at INSEAD in 2022.