This week, the domestic silicone oil market showed a general upward trend. The quotation range for new silicone oil is between 15900-16300 yuan/ton, with a month on month increase of 300-500 yuan; The price of silicone oil (excluding tax) for cracking materials is between 12700-13800 yuan/ton, an increase of 100-200 yuan compared to the previous period.
With the rise in prices, the shipment progress of silicone oil spot market has significantly accelerated. Manufacturers with stock have increased their enthusiasm for shipping, and some even hold onto their goods until prices rise. Traders rely on sales to purchase, while demand side enterprises have relatively sufficient inventory, leading to a rebound in market transaction activity.

On the supply side, mainstream production enterprises have accelerated their shipment pace and obvious inventory digestion. About 20% of manufacturers adopt a strategy of controlling quantity and selling cautiously, bullish on the future market. Spot companies have a strong willingness to adjust prices, and some companies have updated their quotes multiple times within the day. In terms of circulation, traders maintain low inventory operations, and the demand for small and medium-sized intermediaries to replenish inventory has increased, but the operation is still cautious.
On the demand side, the main application areas such as textile auxiliaries, daily chemical products, etc. have sufficient stock of raw materials. About 30% of downstream enterprises have a demand for replenishment of essential inventory, and the procurement volume of daily chemical products has increased by 15% month on month. Market expectations have changed, with 30% of manufacturers bullish on the future market, an increase of 10 percentage points from last week.
However, it should be noted that the continuous increase in upstream raw material prices is a test of downstream acceptance. At the same time, the progress of social inventory digestion and the pace of new production capacity will also have an impact on the silicone oil market. In addition, the pressure of price inversion for similar products in overseas markets cannot be ignored.