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Silicone Recent Situation
May 22, 2018

Silicone Recent Situation

Recently, many places in our country have made great efforts to severely rectify high-pollution enterprises. As the United States withdraws from Iran’s nuclear agreement, international oil prices have risen sharply. At the same time, there have been more overhauls of single-unit enterprise installations, and the produce line is not enough, with multiple factors superimposed lead to continued rise in silicone prices.

Market Prediction:

At present, the prices of silicones continue to record high levels. Downstream companies have expressed greater pressure. In the later period, the high prices of silicones are expected to continue because of the Shanghai Summit and the Yangtze River Rectification, which may affect the start-up of single companies and downstream enterprises.