Trump's trade war has not yet had a substantial impact on the US economy. But this situation is about to change. Wal Mart, a retail giant, said that due to tariff costs, the company had to take action and planned to raise commodity prices during this month and early summer, when commodities affected by tariffs will be put on the shelves in succession. Wal Mart's statement indicates that the flood of rising prices may soon come. The prices of some products have already been raised.
On Monday (May 19th), the overall performance of the domestic silicone market remained stable, with a slight upward trend in spot prices. Among them, the mainstream quotation for DMC is 11300-12700 yuan/ton; The price of raw rubber remains stable with a slight increase, and the trading atmosphere in the market has rebounded. The spot price of raw rubber in Guangdong has slightly increased by 100-200 yuan, reaching 12800-13000 yuan/ton, and the market's upward trend has strengthened. Supply side: Raw rubber companies had good order reception last week, and inventory pressure has eased to some extent. Some manufacturers have tight orders, and short-term supply has tightened to support price increases. On the demand side: Macro positive news is released, coupled with marginal improvement in terminal demand. Rubber mixing enterprises replenish inventory at low prices and complete monthly basic stocking volume; Some enterprises have become optimistic about the future market expectations and are stocking up in small quantities to further drive the transaction of raw rubber; The terminal digestion ability still needs to be observed, and the subsequent replenishment pace may be constrained by the order conversion rate, but the current inventory is low and the enterprise still has procurement needs. Market outlook: Raw rubber companies have a strong willingness to raise prices in the short term under the support of orders, but the magnitude of price adjustments may cautiously follow the trend of DMC. From a fundamental perspective, the rubber industry experienced widespread losses in April, with more companies shutting down for maintenance. It is expected that the market will remain stable this week, with some tentative increases. Key attention should be paid to the sustainability of actual terminal demand and the follow-up of new orders from rubber mixing enterprises after stocking up. At present, the inventory of raw rubber in the circulation process is at a relatively high level in recent years, which can meet the production demand of mixed rubber in the short term. With the rebound of raw rubber prices and the improvement of production profits, production capacity is expected to increase, while the demand side is relatively stable, and the room for contract transaction prices to rise is limited. If downstream acceptance of high priced raw rubber is insufficient, or if DMC price fluctuations intensify, it may suppress the upward space of raw rubber.   
The opening price surged by 163.9%! On Monday, Guangdong added a new listed company with an opening price of up to 45 yuan per share, an increase of 163.93%, and a market value of up to 4.87 billion yuan. Taili Technology is one of the largest manufacturers of silicone rubber in the civilian field, and has invested a lot of resources in functional materials. It has developed and improved stretchable removable pressure-sensitive adhesive/foam pressure-sensitive adhesive (PSA), self-lubricating polyoxymethylene (POM), dynamic vulcanized rubber (TPV), nano shear thickening fluid (STF), mushroom buckle and other materials, which can be widely used in storage, preservation, protection, outdoor, sports and other fields.
According to the prospectus, as of the end of 2024, the company's R&D team consisted of 153 people, with 18 people having material research backgrounds and 74 people having structural design backgrounds. The core technical personnel had an average tenure of over 10 years and established five principles for product R&D design: "appearance, function, quality, price, and environmental protection". We aim to provide consumers with high aesthetic value, practical functionality, safe use, and environmentally friendly products at affordable prices. The company plans to raise 542 million yuan, of which 320 million yuan will be used for the construction of the Wuhan production base, 73.8 million yuan for the construction of the research and development center, 48.2 million yuan for information system upgrades, and 100 million yuan for supplementing working capital. The company's IPO price is 17.05 yuan per share, with an issuance of 27.07 million shares and a total fundraising amount of 462 million yuan. The total issuance cost of this listing is as high as 92.02 million yuan, and the actual net fundraising amount of the company is 370 million yuan.
According to the prospectus, from 2022 to 2024, Taili Technology will achieve operating revenues of 638 million yuan, 835 million yuan, and 1.02 billion yuan respectively, with an average annual compound growth rate of 26.3%; The net profits attributable to the parent company were 58.8355 million yuan, 84.9577 million yuan, and 87.6389 million yuan, respectively, achieving stable growth. Behind this growth trend, it is inseparable from the continuous deep cultivation of Taili Technology in the field of vacuum technology, as well as the company's precise grasp of market demand and continuous investment in technological innovation. Currently, some of its products have a market share of over 80% on Tmall and JD platforms, leading the market position. The construction of research and development centers and the upgrading of information systems are also highly concerned. The R&D investment of 73.808 million yuan will further research and develop various cutting-edge technologies in the industry, such as material self-cleaning technology, functional coating material technology, pressure sensing color change technology, fruit and vegetable preservation technology, etc. It is based on the further improvement of existing product functions and is a powerful guarantee to further strengthen the company's core technological advantages.
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