Silicone Resin Market Update: Stable Prices with Upward Trend Amid Cost and Demand Factors
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Recently, fluctuating raw material prices for silicone monomers have strengthened cost support for silicone resins. Growing demand from sectors like new energy, electronic encapsulation, and coatings has led to tight supply for certain grades (e.g., methyl phenyl silicone resin), driving a 3%-5% price increase. In overseas markets, high energy costs in Europe have reduced imports, boosting export orders for domestic silicone resins. Industry experts predict prices will remain firm in the short term, advising downstream buyers to plan purchases strategically.