The giant raises prices by 20%! Silicone market is coming again? It holds 500,000 tons of production capacity-Iota

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News > Dynamic industry > The giant raises prices by 20%! Silicone market is coming again? It holds 500,000 tons of production capacity

The giant raises prices by 20%! Silicone market is coming again? It holds 500,000 tons of production capacity

WACKER is increasing the price of its silicone products globally. As long as existing customer contracts allow, the price increase will take effect from April. For all products shipped from April, the price increase will be between 10% and 20%. Ranging from time to time.

According to industry media reports on March 12, WACKER is increasing the prices of its silicone products globally. As long as the existing customer contracts allow, the price increase will take effect from April. For all products shipped from April, the price increase will increase. Will vary between 10% and 20%.

WACKER’s move is to cope with the increase in the price of strategic raw materials, auxiliary materials and packaging materials, as well as a number of measures that must be taken due to the new crown epidemic to further improve the services provided by WACKER’s silicone business unit to customers. The price adjustment is for all WACKER's silicone product lines, including silicone oil, silicone emulsion, silicone rubber, silicone resin, silane, silane-terminated polymer and HDK fumed silica.

On the one hand, the domestic new energy industry has developed outstanding performance. The rapid expansion of the wind, photovoltaic, and new energy automotive industries has provided sufficient new market space for silicone products; my country is the world’s largest producer and consumer of consumer electronics, semiconductors The industry is one of my country's key strategic industries, and the application scale of high-temperature glue and liquid glue in organic silicon products in the field of electronics and electrical appliances has great potential for expansion.

On the other hand, the organic silicon industry is a typical high-energy-consuming industry. The carbon neutral target may limit the supply of the industry and push up its price. From this perspective, the price increase logic may have a long-term nature.

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