Dimethylcyclosiloxane(DMC) prices soar to a new high for 2020

Since October, China's chemical market Dimethylcyclosiloxane(DMC) prices have continued to rise due to the impact of China's domestic downstream demand orders picking up. As of November 12, China's DMC market quoted average price at RMB 23,700 / ton, compared with November 9, the average price increased by RMB 933 / ton, or 4.10%; compared with November 1, the average price increased by RMB 3,300 / ton, or 16.18%; compared with October 1, the average price increased by RMB 5,900 / ton, or 33.15%.

The overall trend of China's DMC market upward this week

November 9, a small number of manufacturers of DMC provides a quote and prices continue to increase, up RMB 300-500 / ton.Factory inventories are low and supplies are tight. November 11, most of the manufacturers do not quote and temporary stop selling this material in the market. A very few manufacturers of DMC quotes and prices continue to increase, an increase of RMB 500-1300 / ton.One DMC factory in Shandong quotations up to RMB24,000-24,200 /ton, and limited orders are accepted.

November 9, There's been an explosion at Zhejiang Transit Fluorine Silicon Material factory. It is thought that the market price will continue to rise due to the lack of subsequent supply of DMC due to the plant's shutdown and consolidation.

Read more about explosion and fire accident at Zhejiang Transit Fluorine Silicon Material Co. ,LTD. : https://www.echemi.com/cms/127006.html

Overseas market orders to the Chinese market

As a result of the global covid-19 outbreak, India and other overseas textile orders shifted to the Chinese market, China's increased demand for textiles to promote increased demand for DMC.

 ECHEMI forcast

At present, the DMC market inventory is low, demand exceeds supply, downstream products for raw material demand is greater. In the short term, the trend of China's DMC market will continue to run steadily and may continue to rise.