The leading company has raised prices again, and the silicone has locally increased to 14800!-Iota

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News > Dynamic industry > The leading company has raised prices again, and the silicone has locally increased to 14800!

The leading company has raised prices again, and the silicone has locally increased to 14800!

The silicone new energy track continues to explode! In July, sales of new energy vehicles in China surpassed those of gasoline vehicles for the first time. The Passenger Car Market Information Joint Branch of the China Automobile Dealers Association stated that the retail penetration rate of new energy vehicles (referring to electric and hybrid vehicles) in July was 51.1%. In July, sales of electric and hybrid vehicles in China increased by 37% year-on-year. According to data released by the China Association of Automobile Manufacturers, preliminary statistics show that from January to July 2024, the cumulative retail sales of passenger cars in the domestic market reached 11.568 million units, a year-on-year increase of 2%. Among them, in July, the retail sales of passenger cars in the domestic market were 1.729 million units, a year-on-year decrease of 2% and a month on month decrease of 2%.
Reverse, the leader has exploded in orders! According to insiders from leading companies, there has been a recent surge in orders for silicone products, with orders increasing by 30% year-on-year. At present, the Paris Olympics have come to an end. And the "popular silicon products" almost cover all aspects of the "Olympic economy". According to data from e-commerce platforms, potential hot selling products of silicone products are appearing both domestically and internationally. Once sales exceed expectations and become phenomenal products, it will mean a reversal of the silicone industry chain.
July is still in the off-season of the industry, with rubber factories maintaining inventory turnover and individual enterprise orders fluctuating, resulting in relatively stable overall demand. On Monday, another giant in Hubei raised prices by 300 yuan, and the price of silicone rebounded across the board for the first time. After stabilizing at the bottom for consecutive months from June to July, the price of leading raw rubber increased by 200 yuan, and the highest spot price rose to 14800 yuan/ton. At the same time, silicon products will be scheduled for production and maintenance in August. The silicone main chain is composed of raw rubber, mixed rubber, white carbon black, silicone oil, and silicone products. The rebound in raw rubber prices at the upstream is a signal of stabilization in the silicone industry chain (similar to the rebound of DMC's silica mine), while the production of downstream silicone products is being adjusted upwards, which means that the demand in the middle and downstream has rebounded beyond expectations. The continuous events in the industry chain indicate that the prosperity of the silicone industry chain is improving.

Export data shows that the industrialization of silicone (including raw rubber, mixed rubber, and silicone products) continues to accelerate, and is expected to become a new golden track for silicone. In the past three years, about 60% of newly established silicone factories and cross-border trading companies in China have settled in the Guangdong Hong Kong Macao Greater Bay Area. As of the end of June, Dongguan has gathered over 15000 silicone enterprises. The production value of silicone has shown a significant growth trend worldwide. According to industry institutions, the global silicone market size reached 33.7 billion US dollars in 2023, a significant increase from 24.3 billion US dollars in 2016. From 2016 to 2023, the annual compound growth rate of the global silicone market reached 4.8%, demonstrating the healthy development trend of the silicone industry. Especially in China, the development of the silicone industry is particularly prominent. China has become the world's largest silicone production area, accounting for about 59% of its production capacity, far exceeding developed countries such as Germany and the United States, demonstrating China's leading position in the global silicone industry. In China, the development of the silicone industry is not only reflected in production capacity, but also in its wide range of application areas and rapid market growth. In addition, the import and export situation of Chinese silicone products also reflects its competitiveness in the international market. In 2022, the total import and export volume of Chinese silicone products reached 217 million US dollars, with a trade surplus of 176 million US dollars, demonstrating the demand and recognition of Chinese silicone products in the international market. In summary, the output value of the global silicone industry continues to grow, especially in China, where its production capacity and import and export situation demonstrate the industry's vigorous development and international competitiveness. With the advancement of technology and the expansion of application fields, it is expected that the output value of the global silicone industry will continue to grow in the future.

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