Last week, the DMC quotation remained stable. The prices of silicon metal and methanol are weakly stable, and the cost side support continues to be weak. Last Friday, the price increase after the meeting was combined with the expectation of canceling the export tax rebate for organic silicon, leading to an overall improvement in downstream market expectations for the first quarter. The willingness to replenish inventory in stages has increased, and the supply and demand pattern in the DMC market has improved. The current mainstream quotation for DMC is 13700-14000 yuan/ton, and the actual transaction price is around 13850 yuan/ton. Last week, the price of DMC raw materials remained stable with a slight upward trend, while downstream products such as 107 rubber, raw rubber, mixed rubber, and silicone oil saw a partial increase in price. DMC prices tend to operate strongly but are limited in their upward trend. It is expected that in the short term, downstream efforts will mainly focus on digesting inventory, and the overall price of organic silicon products will remain stable.
Last week, the market for gas-phase silica continued to rise. The price of Class A has slightly loosened, but the price of tetrachloroethylene has increased significantly, and the company's current cost support is relatively strong. Last week, the market for gas-phase silica showed a basic balance between supply and demand, with cost support remaining stable at a high level. The downstream silicone market's procurement frequency for gas silicone is gradually accelerating, while the shipment volume has increased due to the consumption of terminal daily necessities before the Spring Festival and pre holiday stocking. Overall, it is expected that the silicon gas market will maintain a stable to strong operating trend.
Last week, the spot price of silicon metal remained stable. On the supply side, some silicon furnaces in Sichuan and Inner Mongolia have seen new production cuts, while major factories in Xinjiang have maintained stable production, with overall production continuing to decline. On the demand side, the price of polycrystalline silicon remains firm, with top companies maintaining high quotes and industry production continuing to decline; The production reduction and price increase of organic silicon monomer factories have improved the market atmosphere driven by the demand for export; The operating rate of aluminum alloy enterprises has decreased month on month, and downstream wait-and-see sentiment is strong, with rigid demand procurement being the main focus. Although the supply of silicon metal market has tightened, the downstream demand has decreased more significantly. At present, the inventory of the silicon metal industry remains high, and there is a lack of energy to reduce it. The industry fundamentals continue to be loose, but due to support from the cost side, the space below the price of silicon metal is limited, and it is expected to maintain bottom volatility.