In February, silicone rubber prices experienced a significant increase, mainly driven by the rising cost of raw materials, particularly metal silicon. Increased demand from the automotive industries in Europe and the United States has also contributed to this overall price surge.

In Germany, prices reached $9500 USD/MT DDP-Hamburg, while the US market saw prices rise to $9600 USD/MT FOB-USGC. Despite challenges in the German construction sector, positive sales growth in the aerospace industry and strong performance in the US automobile and construction sectors have bolstered the demand for silicone rubber.

Looking ahead, it is anticipated that silicone rubber prices will continue to show a bullish trend in upcoming trading sessions. This expectation is primarily based on the projected increase in demand from core industries such as automotive and construction. Additionally, the expected rise in metal silicon prices and the active inventory accumulation by suppliers are likely to be key drivers of silicone rubber pricing in the near future.

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