Silicone Oil Price Trend and Forecast
Silicone Oil Price Trend and Forecast
ChemAnalyst
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In the North American region, the market dynamics of Silicone oil followed an upward trend throughout the third quarter of 2022. High raw material Silicon metal prices have resulted in the high production cost of Silicone oil in the regional market. In addition, demand from the downstream automotive industries has remained stable to weak amid high inflation. On the other side, labor shortage, logistic constraints, and port congestion on the US Gulf coast and East coast have further worsened the supply dynamics and thus caused the limited availability of the product in the domestic market. Consequently, Silicone Oil Price in the USA (SC-85%) 100 CST CFR Houston were assessed at USD 4615/MT during September.
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