The domestic DMC market continues its sideways consolidation trend, with mainstream manufacturers' quotes still concentrated in the range of 14000-14300 yuan/ton on March 14th, unchanged from yesterday's settlement price. The expectation of industry production cuts continues to ferment. Following the industry conference proposing production restrictions at the beginning of the month, there are rumors in the market that major producers plan to expand their production cuts, providing a bottom line support for current prices. However, the market is showing a trend of differentiation: major enterprises maintain strong quotations with cost advantages and long-term contract orders, while small and medium-sized individual factories face dual tests of rising inventory pressure (some enterprises have a storage capacity rate exceeding 75%) and weak terminal demand. It is worth noting that the pace of urgent procurement in the field of silicone adhesive and silicone products has slowed down, leading to a loosening of the price stability mentality of some small and medium-sized holders, resulting in narrow bargaining space in actual transactions. The trading activity in the intraday market has significantly decreased, with new order volume decreasing by about 30% month on month. Both buyers and sellers are adopting a wait-and-see attitude. Analysts point out that if the demand side fails to recover in a timely manner, there may be a regional price correction at the end of the month.
Suddenly! A silicone enterprise in Jiangsu has gone bankrupt! Recently, the bankruptcy liquidation of a silicone enterprise in Jiangsu has attracted attention. This enterprise was established in 2012 with a registered capital of 20 million yuan. Its main products include silane coupling agents, silicone oil, and chlorosilane intermediates. In May 2024, the court accepted its bankruptcy liquidation and adopted a lottery to select the administrator. If it meets the "no property to be liquidated" condition, the simplified procedure will be activated. The asset auction started in October 2024, with multiple failed auctions of land and equipment and a continuous decrease in starting prices. The court emphasizes the priority protection of labor rights and strictly investigates the authenticity of the rights. From November 2024 to January 2025, there were multiple new disputes over debt confirmation, with the focus on amount determination and priority allocation. According to the records of corporate litigation, there were 25 judicial cases, including engineering contract disputes, that were announced and served in January 2024 due to construction contract disputes. It has also been listed as a dishonest debtor and has triggered multiple warnings of abnormal business operations. Two debt dispute cases will be heard consecutively in January 2025, and the specific details have not yet been disclosed.