Fundamentals of 107 copper rubber are weak, market transactions are rational [SMM Analysis]

Since the adjustment of China-US tariff policies on May 12, the end-use demand for some silicone products has slightly rebounded, driving up the heat in the industry chain. The number of inquiries for products such as MVQ and DMC has increased, and transactions have also seen a slight uptick. The number of inquiries in the 107 silicone rubber market has also risen, but actual transactions remain rational. As of May 23, the market price of 107 silicone rubber ranged from 11,800 to 12,700 yuan/mt, with no significant price changes during the week. This is mainly because the overall substantive end-use demand in the market has not improved, and the industry is still facing high inventory and weak demand.