In a blink of an eye, the "golden nine" has arrived, and silicone is still in the upstream and downstream game stage. DMC fell first, then rose and then fell in August, and the price trend showed an inverted-n shape. The market in August can basically be divided into three stages: in the first ten days of the year, the demand pressure was overwhelming, and the DMC of the leading monomer factory fell to 18800 yuan / ton. Then, the market was closed and increased, which stimulated a wave of downstream bottom buying and stock preparation. In the middle of the year, boosted by the sharp rise of raw metal silicon, domestic monomer factories continued to rise, and DMC rose to 21000 yuan / ton on August 19; Near the end of the month, the terminal demand continued to shrink, and the market risk aversion was revived. At the same time, the continuous falling mode of metal silicon was also restarted, and DMC returned to the low point at the beginning of the month. As of 31 December, DMC of Shandong monomer plant fell to 18800 yuan / ton. Today, September 1, stable opening!


Silicone oil and 107 glue: as a product closely linked to DMC, 107 glue was adjusted with the price of DMC in most of August. However, by the end of the month, 107 glue of the leading monomer factory was suddenly inverted, and other monomer factories were forced to follow suit. 107 glue of some manufacturers was even lower than that of the leading monomer factory. As of August 31, 107 glue was quoted at 19300-19600 yuan / ton, which was fully inverted with DMC!


Silicone oil: the rise and fall ranges are relatively small. In August, it has been fluctuating between 23000-24500 yuan / ton. This week, the silicone oil of the leading monomer factory was reduced by 1000. As of August 31, the price of conventional viscosity methyl silicone oil was fixed at 23000-24000 yuan / ton. Meanwhile, foreign brands of silicone oil have also been under pressure recently. According to our understanding, the direct delivery price of some foreign brands of silicone oil is lower than the domestic price, and the quotations of scattered orders are basically similar, with the quotation of 25000-25500 yuan / ton, and some transactions are still profitable.


To sum up, the sluggish demand of the terminal is also the real feedback of the market. At the present stage, it is difficult to say that the performance of Jinjiu is good. Now, the downstream is "buying down but not buying up". When it falls below 20000, it starts to plan. When it falls above 20000, it will be determined to wait and see. It is always vigilant to pull up.


Follow up: in early September, the price of metal silicon was still relatively high, and it was difficult for the single plant to make profits. In order to relieve the supply pressure, Xingfa group announced yesterday that the company and its subsidiary Xingrui planned to stop for 45 days in early September. It is expected that the silicone market will continue to play a long and short game in September, and the economic recession risk and Yi situation are still the biggest constraints on the silicone market.