Silicone Market Sees Ongoing Tug-of-War Between Sellers and Buyers, Pre-Holiday Actual Transactions Remain Weak [SMM Silicone Weekly Review]

[SMM Silicone Weekly Review: Silicone Market Sees Continued Supply-Demand Tug-of-War, Pre-Holiday Actual Transactions Remain Weak] This week, China's silicone DMC market transactions edged lower, with an average price of 14,600 yuan/mt. During the week, after one monomer producer lowered its DMC offer to 14,500 yuan/mt, other monomer producers maintained their previous offers, showing strong willingness to hold prices firm ahead of the holiday. On the raw material side, east China 421# silicon metal (for silicone use) remained firm, and this week's imported methanol prices rose, providing some support for silicone DMC prices. Overall, the market remained in a stalemate, with monomer producers showing strong willingness to hold prices firm before the holiday, while demand was mainly driven by restocking for rigid needs, and actual pre-holiday transactions were weak. In the short term, silicone prices will remain in the doldrums, with attention needed on whether monomer producers adjust prices in the three days after the Mid-Autumn Festival and on changes in downstream stocking pace.