Just after the new year's Day holiday, the DMC price has risen from the lowest 22200 yuan / ton in December last year to the current highest 27800 yuan / ton, and the price is adjusted every day.
As we all know, silicone sealant can be divided into acid silicone and neutral silicone. Acid silicone sealant has very good elasticity and adhesion, and its use range is very wide.
Many market participants wondered how the recent wild fluctuations in oil prices would impact prices of polyurethane raw materials.
Thailand is the second largest economy among Association of Southeast Asian Nations (ASEAN) countries, with GDP growth of 1.6% in 2021 due to the COVID-19 outbreak.
DMC is the main raw materials of silicone sealant. Because of the high price of DMC , the demand of silicone sealant in Chinese domestic market is low. Most of customers hold the order plan in the first quarter.
Polyurethane (PU) foam is a common building material, for example, when doors and windows are decorated, it can be used to deal with cracks.