To sum up, silicone prices rebounded after falling below the cost line, driven by the feedstock end shrinkage anti-price sentiment. It was supported by a new low in global inventories and raised expectations for silicones consumption. In the short term, DMC raw rubber prices may continue to rise. However, production and sales pressure remains high as supply side supplies are still sufficient and nearly one million tons of capacity will be released in the first half of 2024. Silicone prices are expected to enter a narrow range consolidation after a slight recovery. However, for the demand side, is expected to experience a "good and cheap" replenishment cycle.
Methyl Phenyl Silicone Fluid IOTA255-500-IOTA
