Silicone (DMC) Price Trend and Forecast

Silicone (DMC) Regional Price Overview

Get the latest insights on price movement and trend analysis of Silicone (DMC) in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Silicone (DMC) Price Trend for the First Half of 2024

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Asia

Silicone (DMC) prices observed a mixed market sentiment during the first two quarters of the year 2024. The prices were found to be behaving differently in both quarters. During the first quarter of the year, the incline in downstream demands, especially as the manufacturing sector started to revive in China, pushed the prices in a positive direction for silicone (DMC). Along with the positive demand dynamic, a surge in crude oil prices in the first quarter also supported the market upliftment. As a result, the prices saw an approximate 7% rise within the first quarter in the Chinese silicone (DMC) markets.
 

Silicone (DMC) Price Chart

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However, as the second quarter arrived, the influence of inventory stocks started rising in the Chinese markets. Normalization in the crude oil prices in the Asian region during this time also alleviated some of the upstream cost support. Overall, during the three-month span of Q2’24, the silicone (DMC) prices in the Chinese market depreciated by about 5% from April to June. Overall, the average monthly prices in the Chinese market went from about 2012 USD/MT in January’24 to around 1866 USD/MT in June’24. With some forward and reverse fluctuations, the general market sentiments were largely found to be meek.

Europe

Silicone (DMC) prices were found to fluctuate in the European markets during the said period of 2024. Owing to the freight disruptions and geopolitical disturbances, the commodity prices took a severe upturn during the first quarter of the year. For Europe especially, the rising challenges for the vessels passing through the Suez Canal, the maritime gateway between Asia and Europe, kept the price trajectory upward for the majority of Q1’24. However, around the second quarter of the year 2024, the market underwent swift normalization primarily influenced by the stabilization in crude oil and energy markets. Overall, mixed market sentiments were observed in H1’24.

North America

During the first half of the year 2024, the silicone (DMC) market performance in the American markets was not much different from its Asian and European counterparts. The first quarter was slightly positive, anchored by the inclines in the global silicone (DMC) markets. However, the second quarter was more wavering around the stable side. The delay in interest rate cuts in the US markets kept the domestic currency US Dollar, strong, which kept the commodity prices buoyant. Anyways, the impending presidential election in the United States is preventing any major tribulations in the economic outcomes.

Analyst Insight

According to Procurement Resource, given the recent downturns in Silicone (DMC) prices, the markets are expected to improve going forward in the coming months. The price projections look optimistic for the near future.
 

Silicone (DMC) Price Trend for the Second Half of 2023

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Asia

Silicone (DMC) prices followed a very fluctuating trend throughout the said period of the second half of the year 2023. The market began on a lower note at the beginning of the third quarter in July of 2023. The prices slid initially in the first couple of months of the quarter as the consumption was very sullen however, the gradual rise in demands supported the silicone (DMC) trade in the region and helped the price graph incline after that.

Starting from the mid-Q3, the price trend moved upward till the middle of the fourth quarter. However, the complex global trade dynamics after that disturbed the silicone (DMC) market further and pushed the prices downward again. Albeit the overall market sentiments were still largely positive. In the Chinese market, the average monthly prices for silicone (DMC) went from around 1874 USD/MT in July’23 to about 1953 USD/MT in December’23.

Europe

The silicone (DMC) prices were observed to be wavering in the European markets during the said period. The price trend barely moved during the third quarter as the supply and demand equation didn’t change much during this time. However, the fourth quarter started on a strong note as the prices started picking up as the demands rose; restrictions in the global supply chains were also responsible for this sudden turn of events. But as the supply issues started persisting, the European markets started experiencing demand depreciation, which again pivoted the price graph southward in the latter half of the final quarter.

North America

The American market’s situation was relatively much weaker than the global trends as the prices here were found to be falling for most of the said period. The third quarter saw a consistent slide in prices, but as the suppliers got cautious and acquired a wait-and-watch approach, the prices started to stabilize in the latter quarter. However, the market dynamics still remained weak for the majority of the said period.

Analyst Insight

According to Procurement Resource, the market projections for Silicone (DMC) do not look very positive for the coming months. Considering the poor demand estimations, the prices will likely continue to follow the current trajectory.
 

Silicone (DMC) Price Trend for the First Half of 2023

Asia

A fall in the prices of dimethylcyclosiloxane was seen in the first and second quarters of 2023. The first quarter was affected by low demand and high production activities in the region. This increased level of production caused the problem of oversupply in the region while the market dynamics of the downstream industries remained uncertain.

The disruptions in trade activities and cautious consumption from consumers further proved to be a challenge for the prices of dimethylcyclosiloxane in the second quarter. As a result, the price trend of dimethylcyclosiloxane in the Asia-Pacific region fell throughout the first and second quarters of 2023.

Europe

In Europe, high uncertainties in the market affected the price trend of dimethylcyclosiloxane negatively. These uncertain conditions in the region were a direct result of shadows of recession looming over the European region. In the first two quarters of 2023, the demand for dimethylcyclosiloxane remained low, and the fall in the cost of energy also hampered the growth trajectory of dimethylcyclosiloxane prices. The downstream industries also struggled to maintain their momentum, which further added pressure on the market activities of dimethylcyclosiloxane.

North America

The frequently shifting market conditions in the North American region and falling economic conditions in Europe led to the fall in the price trend of Silicone (DMC). In addition to this, in the second quarter, the prices also suffered from the low demand and high levels of inventories that also affected the rates of production and overall market conditions of dimethylcyclosiloxane. In all, the declining demand, low interest of buyers, and cuts in price quotations by traders led to the southward movement of the price trend of dimethylcyclosiloxane.

Analyst Insight

According to Procurement Resource, the price trend of Dimethylcyclosiloxane is estimated to depict a declining trajectory given the sliding market activities and fall in downstream demand.

Procurement Resource provides latest prices of Silicone (DMC). Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.