Last week, the domestic DMC market continued to decline. On the raw material side, metal silicon fluctuated narrowly, methanol prices continued to decline, and cost support continued to weaken. The inventory of individual factories varies, and downstream bearish sentiment is strong, resulting in a significant drop in transaction prices. Industry conferences consolidate market consensus, and enterprise quotations rise accordingly. The current mainstream quotation for DMC is 14000 yuan/ton, with an actual average transaction price of around 12900 yuan/ton.
Last week, the prices of DMC raw materials continued to decline, with prices of 107 rubber, raw rubber, mixed rubber, and silicone oil products falling to varying degrees. Weak support for essential needs, weak follow-up of new orders, and the market mainly relies on bidding for goods. It is expected that the short-term prices of organic silicon products will continue to operate weakly.
Last week, the domestic market for gas-phase white carbon black remained stable overall. The prices of methyl trichlorosilane and silicon tetrachloride have stabilized at relatively high levels. On the premise of strict implementation of production reduction measures in individual factories this month, the support for cost side is still significant, and attention should be paid to the stability of the subsequent supply of Class A.
The downstream demand side continues to show weak and stable performance, and the procurement of downstream silicone rubber and related products market is still mainly based on rigid demand replenishment. The overall transaction increment is limited, and the market is observing and observing more. The number of enterprise maintenance cases has increased this month, so overall, the game pattern between supply and demand continues, and it is expected that the gas-phase white carbon black market will continue to operate weakly and steadily in the short term.
Last week, the price position of silicon metal stabilized. On the supply side, the northern region has been operating steadily, while the southwestern region is experiencing a period of high water demand and electricity prices are being lowered. The resumption of production is slowly progressing, and the increase in supply is gradually being realized. On the demand side, leading polysilicon enterprises resumed production, resulting in a slight increase in demand for metallic silicon. Organic silicon monomer factories continue to reduce production, resulting in a decrease in demand for metallic silicon. Aluminum alloy maintains on-demand procurement. Overall, there is still a situation of oversupply and significant inventory pressure. The current price of silicon metal is relatively low, and the temporary stability of some raw material prices has a certain bottoming effect. There are also some who have a strong wait-and-see attitude, and their enthusiasm for continuing to lower prices and sell goods is not high. The game situation between buyers and sellers is obvious. The metal silicon market lacks obvious positive information stimulation, and the short-term market may still be under pressure.
Last week, the transaction price of polycrystalline silicon slightly fell in the low range, and the market transaction activity remained low. The main reasons for market pressure are: continuous increase in inventory and downstream only purchasing for essential needs; Top enterprises resume production and increase supply, with loose supply; Terminal installation is weak, demand support is weak, and the industry continues to accumulate inventory. The current polycrystalline silicon market is still in the bottom stage of supply-demand imbalance, with the triple pressure of high inventory, incremental supply, and sluggish demand, making it difficult for the market to have substantial improvement in the short term. But there is a positive signal from the industrial policy level: on June 27th, the new version of the "Energy Consumption Limit for Unit Products of Polycrystalline and Monocrystalline Silicon" standard was officially released, with a transition period of six months, and the accelerated clearance of outdated production capacity will be implemented from January 1, 2027. The stacking of silicon materials has reached the bottom of the cycle, and policies and low prices are resonating. The industry is expected to enter a new stage of stabilization and repair.