North America
When compared with the previous quarter, the market fundamentals of Dimethylcyclosiloxane in the USA showcased an upward price trajectory in the wake of increase in market trading fundamentals and low-level product inventories among the significant manufacturing units. In Dec, the price of Dimethylcyclosiloxane in the USA was observed to be 3130/ton FOB USGC.
The cost support was given by robust spot market trades, higher production expenses, and an increase in market trade from the USA to other North American region. Distributors are nevertheless supported using domestic stocks and growing demand. Due to more solid offers, tighter supply for November 2023, and better buying demand, the FOB USGC DMC price increased. Because it was difficult for downstream players to sustain margin, buying was primarily done on the immediate basis.
For the downstream market, there was a sign of demand improvement and sources were heard strong views given brisken market from personal care and Silicone Elastomer market. With improving Dimethylcyclosiloxane Prices demand in the domestic market prices show a slight upward trajectory.
Asia Pacific region
In the Asia Pacific region, the market trading fundamentals remain bearish in the affect of continuous decline in the market trend and low market offers from the buyer’s end. The supply of Silicone DMC in the region remains adequate with feeble demand recovery from the downstream enterprises. Limited prices support this month was attributed by gradual increase in exports from China to India. Chinese suppliers had declined their quotations in the hope to secure their profit margin and revenue. In December 2023, the downturn in the Silicone DMC market intensified, coinciding with a consumption off-season in the downstream sector of DMC. Persistent weakness in market demand prompted a gradual increase in on-site bidding activity. The overall transaction price approached a lower range, leading to a gradual narrowing of the price gap between high and low points in the market. Meanwhile, in the feedstock market, methanol prices showed an upward trend, but the lack of robust market trades negatively impacted the fundamentals of market trading.
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Europe
The European DMC market witnessed a sluggish market purchase with deteriorating trading fundamentals from the downstream ventures. Higher production costs and an increase in market trade from Germany to other European regions provided the cost support with healthy spot market trades. Utilization of domestic inventories and rising demand continue to provide support for distributors. The FOB Hamburg DMC price surged, considering tighter supplies for Q4 2023 and improved buying demand amid an increase in firm offers. Buying was mainly on a need basis, as downstream players found it difficult to maintain margin. For the downstream market, there is a sign of demand improvement and sources were heard strong views about Nov 2023 outlook given brisken market from personal care and Silicone Elastomer market. With improving DMC demand in the domestic market prices show a slight upward trajectory. In Dec, the price of Dimethylcyclosiloxane in Germany was observed to be USD 3230/ton FOB Hamburg. Commodity demand remained strong, and after the October gain, producers began to tighten their holdings. The export market has also improved, with buyers being cautious in their negotiations with suppliers.
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