Sudden accident! Multiple closures! DMC, 107 glue, and silicone oil continue to be expensive! Two giants plan to establish a joint venture! Quick look!-Iota

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News > Dynamic industry > Sudden accident! Multiple closures! DMC, 107 glue, and silicone oil continue to be expensive! Two giants plan to establish a joint venture! Quick look!

Sudden accident! Multiple closures! DMC, 107 glue, and silicone oil continue to be expensive! Two giants plan to establish a joint venture! Quick look!

Entering Thursday, the week is coming to an end, but the price hike in the silicone market has not ended yet. According to industry insiders, a single unit in East China was hit by a sudden lightning accident on the evening of August 20th, which had little impact on the main unit. There is currently no clear news on whether it will be shut down for maintenance. However, this sudden incident further boosted the market's bullish atmosphere, and several individual factories were temporarily closed from trading yesterday. In addition, some individual factories in Shandong will use some DMC for the production of new equipment, and will control the quantity and sell it sparingly as the self use rate increases. Based on the current mainstream DMC quotation of 13500-13900 yuan/ton, the increase in August is only 300-500 yuan/ton. However, combined with the fluctuation of silicon metal prices, there is still a significant improvement in the profit margin of individual factories.
In the short term, individual factories still have early order support, and there is not much pressure on DMC spot supply, especially with strong upward momentum from the two major price indicators. This round of rebound is expected to continue until September.
107 glue and silicone oil market: This week, 107 glue enterprises mainly focus on digesting previous inventory, and prices have not been adjusted yet. The mainstream quotation is 13700-14000 yuan/ton. On the demand side, affected by the rise in raw material DMC, downstream silicone rubber enterprises have a certain amount of stock, and leading enterprises have issued price increase letters, raising prices by 5% -10% in September, which has a certain boost to the entire silicone rubber market. If it can stimulate an increase in terminal orders, the rise in 107 rubber is expected to be transmitted smoothly in the later stage. Due to the sluggish real estate and photovoltaic markets, it is difficult to support further growth. Therefore, there is a certain bullish trend among silicone adhesive companies at present, but the trend of hoarding has not yet hit the market, and the purchase of 107 adhesive remains mainly driven by demand.
In terms of silicone oil, major manufacturers saw a significant increase of 500 yuan this week, with silicone oil prices ranging from 15200 yuan/ton. Some other companies have followed suit, with mainstream prices ranging from 15200 to 16000 yuan/ton. Specifically, major manufacturers have raised their prices due to better orders, but their adjusted prices are still at a low level in the industry, suppressing quotes from other companies. Downstream companies are still resistant to high priced transactions. In this situation, most silicone oil companies have difficulty keeping up with the price increase and can only operate with shallow price increases under cost support, with actual transaction negotiations being the main focus.
In terms of foreign silicone oil brands, due to the average high price of orders, agents have not increased significantly. Currently, foreign silicone oil agents offer bulk cargo prices of 17500-18500 yuan/ton to maintain stable operation. Overall, this week's new orders for silicone oil and 107 glue are mainly driven by rigid demand, and the hoarding atmosphere has weakened. It is expected that the domestic silicone oil and 107 glue market will continue to operate steadily in the short term.
Cracking material silicone oil market: The new material segment has seen an increase, but cracking material companies do not have much competitive advantage. In order to avoid further losses and continue the production reduction situation, this week's cracking material silicone oil quotation remains at 13200-14000 yuan/ton (excluding tax). Specifically, the downstream market has shown some excitement under the expectations of the "Golden September and Silver October" and the upward trend in the upstream market, with a certain increase in stocking volume. The cracking material market has also received good order feedback with lower prices. In the short term, cracking material companies are still mainly focused on shipping and maintaining production reduction operations.
In terms of waste silicone, silicon products are expected to be shipped in a bullish trend, and waste silicone recyclers also have ambitions to raise prices. Unfortunately, the cracking material companies have always been uncooperative, resulting in a restless mentality of waste silicone enterprises and difficulty in releasing speculative prices. Helpless, they have also lowered prices and made inquiries to product factories. Currently, the rough edge receiving price is 4300-4500 yuan/ton (excluding tax), and it will continue to operate weakly in the short term.

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