This week, the silicone market continued its sideways consolidation performance. After holding steady for three days, 421# metal silicon fell another 2500 yuan / ton yesterday. Now 421# metal silicon (Huangpu port) is quoted at 35500-37500 yuan / ton. In the short term, monomer factories and metal silicon enterprises are still in the game stage. The demand for silicone was flat, and some manufacturers still made small profits. The guidance on the market mentality was not clear, and the bad mood in the market rose. At present, the quotation of DMC is still 30800-32500 yuan / ton, and the market quotation of silicone oil and 107 glue continues a stable trend. At present, the mainstream quotation of 107 glue is 33000 yuan / ton, and the mainstream quotation of silicone oil is 38000-40000 yuan / ton.


From the supply side, the long and short forces in the market are wrestling. The trading atmosphere of silicone oil and 107 glue market is still divided. Silicone oil is still supported by foreign orders, which can neutralize the bad mood of poor domestic demand to a certain extent. The manufacturer has little inventory pressure, so that the silicone oil manufacturers are willing to support the price, which is good for the offer of silicone oil market.


On the other hand, on the 107 glue market, although the market offer rose slightly last week, it did not boost the demand for silicone glue, but showed a market situation of obvious stability and hidden decline and production reduction. The downstream silicone adhesive market demand continued to be cold, dragging the transaction atmosphere of 107 adhesive market, the manufacturer's shipment pressure did not decrease, and the local transaction price was upside down with DMC.


From the demand side, due to the traditional off-season, real estate downturn and other terminal demand of downstream silicone rubber, the market is in the cruel stage of stock competition. Therefore, the consumption of high-priced inventory is slow, the procurement enthusiasm continues to be poor, the cautious wait-and-see mood in the field is strong, and the supporting effect on 107 rubber and silicone oil market continues to decrease.


Generally speaking, according to the current market trend, the price support of monomer factories is not unbreakable, and the probability of future decline is relatively large. However, at present, the manufacturer's inventory pressure is not large, the overall market adjustment is orderly and slow, and there has not been a sharp fluctuation. The new order transaction atmosphere of domestic silicone oil and 107 glue is cold, there is no significant benefit on the market news, and the price stability is slightly weak. Coming into December, will the trend of silicone meet the bearish expectations of most people in the industry?