Silicone weekly review 04.02 - local rebound in price due to increase in downstream bottom reading orders
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2020-04-02
Silicone prices rebounded to some extent in some parts this week. After another reduction of DMC price last Friday, there was a certain recovery this week. After two price adjustments to 15000 yuan / ton by Luxi Chemical and 15600 yuan / ton by Xin'an chemical. The main negotiation range of the market is 15200-15900 yuan / ton. The quotation of downstream 107 rubber and raw rubber also rebounded to a certain extent. The quotation of 107 rubber market rebounded to 16200-17000 yuan / ton, and the quotation of raw rubber market was 17000-17500 yuan / ton. As of Thursday, domestic methyl silicone oil manufacturers have quoted 18000-21000 yuan / ton, and the price of imported silicone oil is 21000-22000 yuan / ton. Collect and quote the price of the conventional hardness mixer, and the price is 15500-17500 yuan / ton. In the near future, the overall price of silicone market is in a low shock, which rebounded this week. The main reasons are as follows: 1. Last week, the market price fell below the cost line, the downstream businesses began to copy the bottom and build warehouses, and the individual manufacturers began to raise their prices under the cost pressure after the inventory pressure was relieved. 2. Dow Corning (Zhangjiagang) is expected to start maintenance on the 8th of this month, and the domestic market supply will be reduced in the future. Considering these two factors, many enterprises have the behavior of raising the offer to a certain extent. The situation in the aftermarket is not clear, the epidemic situation abroad is serious, and it is difficult to determine the recovery of the impact on exports. At present, the trend of domestic market mainly depends on the recovery of domestic terminal demand. It is expected that the market price will continue to rebound in the next week, but the range is limited. In the future, if the downstream terminal stimulation is insufficient, the market price may reach the bottom again. Low volatility will be the main theme of the recent period. In terms of raw materials, the downstream of methanol market is mainly rigid demand procurement, and the market price has been reduced to a certain extent. The methanol price in North Central Shandong is about 1650 yuan / ton. Recently, with the decline of economic situation and silicone market, industrial silicon has also been greatly reduced. The quotation of industrial silicon 421 in Tianjin port is 12500-12700 yuan / ton. This week, the start-up of individual enterprises has increased. Jiangxi Xinghuo has opened two sets, with an average of 60%; Shandong Dongyue has opened two sets, with an average of 70%; Hubei Xingfa has resumed construction, with two sets of full opening this week; Tangshan Sanyou has opened two sets this week; Inner Mongolia Hengye has opened 60%; Zhejiang zhongtianxia has maintenance plans; Zhejiang Xin'an, Luxi Chemical, Zhejiang Hesheng and Shandong Jinling have started normal construction. Xie genchen, silicon branch 17710170719
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