Hamburg (Germany): Silicone Oil prices in Germany showed a bullish trend in February xxxx despite strong winter conditions and supply challenges. This trend was anticipated by ChemAnalyst as German markets are currently undersupplied with Silicone Oil, leading to inventory pressures. Multiple market players globally, including Evonik and Wacker Chemie, anticipate a gradual recovery in volumes and prices in FYxx. However, volumes are not expected to fully recover until FYxx, according to a CEFIC official. Demand for heavy lubrication and detergency in German markets remained subdued in the given month, although recoveries in certain sectors prompted suppliers to improve their business confidence, resulting in increased import volumes and prices.
Supply chain disruptions continue to exacerbate pricing woes and increase uncertainty regarding raw materials and Silicone Oil supply from Asia. ChemAnalyst projects Silicone Oil prices to continue increasing for the next three months primarily due to continued supply chain...
