Soaring 20%! Silicone giants soar!-Iota

Products

News

Office Address:	Sunmoon Science Park, 985 Xingzhong Road, High-Tech Zone, Bengbu, China
Factory Address:	Mohekou Industrial Park, Huaishang District, Bengbu, Anhui, China
Contact:	Nathan Zhang
Phone:	0086-552-19805521900
FAX:	0086-552-3822922
Mobile:	19805521900/18119733779
WebSite:	www.siliconeoil.cn www.siliconeoil.net
Email:
QQ:	729118868

News > Dynamic industry > Soaring 20%! Silicone giants soar!

Soaring 20%! Silicone giants soar!

Leading manufacturers' silicone oil prices soar by 500! Monitoring data shows that on August 19th, the mainstream prices of DMC in Guangdong were 13400-13900 yuan/ton, raw rubber were 14600-14800 yuan/ton, dimethyl silicone oil were 15700-17000 yuan/ton, and 107 rubber were 13800-14100 yuan/ton, with active transactions. On August 19th, Silicon Treasure issued a price adjustment notice, stating that Silicon Treasure Technology has always been committed to providing customers with reliable high-quality products and solutions. In view of the serious competition and vicious competition in the current industry, in order to ensure the continued provision of high-quality products and services to our customers, Silicon Treasure Technology has conducted comprehensive market research and careful evaluation, and has decided to raise prices by 5% to 10% from September 1, 2024 or the date allowed by the contract. Industry expert Mr. Ye stated that the low price strategy is aimed at serving growth, and currently using low prices as the command stick is no longer able to adapt to changes in the market environment. What major silicon companies need to do is to leverage their advantages, serve the market and users well, and extend and expand on this basis, rather than damaging the healthy ecological environment of organic silicon through price measures.
Soaring 20%! Silicone giants soar!! Recently, the stock prices of downstream RTV and thermal conductive silicone giants, New Asia Process, have surged by over 20%. At present, the concentration of domestic RTV production enterprises is relatively low, with six manufacturers having a production scale of over 100000 tons per year and more than ten manufacturers having a production scale of over 50000 tons per year. According to statistics, the total production capacity of RTV silicone rubber in China in 2023 is about 2.172 million tons per year, a year-on-year increase of 5.3%. With the rapid development of multiple industries such as consumer electronics, automotive electronics, and industrial electronics in downstream markets, as well as the rise of emerging fields such as new energy vehicles, the Internet of Things, and new energy, the demand for electronic components and electronic specialized materials manufacturing in China is rapidly expanding, continuing to drive the rapid development of the industry.
Liquid silicone explosive order! Recently, there has been a surge of explosive orders in the silicone market, especially in the liquid silicone field. According to the latest news, the top three giants LSR have seen a significant increase in orders for liquid silicone, with Mr. Li revealing a year-on-year growth of about 30%, indicating a positive trend in the silicone manufacturing industry. According to statistics, the production capacity of LSR in China will be about 250000 tons per year in 2023, a year-on-year increase of 46.1%. The output will reach 135000 tons, a year-on-year increase of 19.9%. In 2023, China's export of LSR will be about 27000 tons. In 2002, the demand for liquid silicone rubber in China was less than 3000 tons per year. Such rapid development benefited from the continuous expansion of liquid silicone rubber in application fields: from the earliest external silicone gel prostheses, computer keys, pacifiers, kitchen supplies, medical equipment, diving glasses, to intelligent wear, automobile sealing, electrical insulation, to national defense and military industry, liquid silicone rubber has spread across all industrial fields. In the future, with the rapid development of communication technologies such as 5G and 6G, new energy vehicles, photovoltaics, energy storage, rail transit, and artificial intelligence, liquid silicone rubber will have greater application space.

According to data from several well-known foreign market research institutions, the demand for LSR is expected to maintain a high-speed growth rate of 6-8% per year before 2030. It is estimated that the global LSR market demand will reach nearly 4 billion US dollars by 2032, of which approximately 1.2 billion US dollars will be for medical purposes. Asia will become the region with the fastest growth in demand for liquid silicone rubber, and the new production capacity of LSR will mainly come from China. The automation and efficiency of LSR molding process are the main driving forces for its replacement of HCR, HTV, and other polymer materials. The solid to liquid forming process has been adopted in China, which will promote the widespread use of LSR and should be of concern.
The world's largest oilfield services company, Schlumberger (SLB), is expanding in Russia. Since the Russia-Ukraine conflict, its major western competitors have withdrawn. The company publicly pledged in July 2023 to cease the transportation of products and technology from its global factories to Russia. According to Russian customs documents, such imports slowed down to a halt by early September after the implementation of this ban. Despite the ongoing war, this Texas based company has signed new contracts in Russia and recruited hundreds of employees.
In July of this year, when Chinese electric vehicle company BYD's Thailand factory was completed, Japanese company Honda announced that its factory in Ayutthaya, Thailand would cease production by 2025. Over the past four years, Honda's two factories in Thailand have had an average annual production of less than 150000 units and an average annual sales volume of less than 100000 units. Thailand has always been one of the strategic priorities for Japanese car manufacturers. Honda's closure of its Thai factory also sounded the alarm for the transformation of the Japanese automotive industry chain. This also indirectly reveals the biggest potential crisis for Japanese car manufacturers. The slow transformation towards intelligence and electrification has already led to a decline in the Chinese market and is now spreading to the global market.
According to the National Bureau of Statistics, in July, the added value of industrial enterprises above designated size increased by 5.1% year-on-year and 0.35% month on month. The total retail sales of consumer goods reached 3.7757 trillion yuan, a year-on-year increase of 2.7%. The national urban survey unemployment rate was 5.2%, an increase of 0.2 percentage points month on month and a decrease of 0.1 percentage points year-on-year. From January to July, the national fixed assets investment (excluding farmers) was 2876.11 billion yuan, up 3.6% year on year, of which the private fixed assets investment was 14713.9 billion yuan, unchanged from the same period last year.
The unveiling ceremony of Johnson Controls' York M multi-stage centrifugal compressor global manufacturing center was held on August 15th at the Wuxi factory. Johnson Controls Wuxi Base is currently one of its largest research and development centers in the fields of heating, ventilation, and air conditioning systems, as well as industrial refrigeration and heat pump solutions. With the official unveiling of the global manufacturing center for M-stage centrifugal compressors, the Wuxi Base has once again achieved a new milestone. In recent years, Johnson Controls has continued to deepen its localization strategy in China. In key product areas, such as the core components of the M multi-stage centrifugal compressor, most of them have been purchased and produced locally in China.

分享到

Feedback to "Iota Silicone Oil (Anhui) Co., Ltd."