China's trendy gaming giant Bubble Mart ushered in a milestone. As of the close on June 9th, the company's total market value has exceeded HKD 330 billion, surpassing Japanese IP giant Sanrio and topping the list of Asia's largest player economy market value. Since its listing on the Hong Kong stock market in 2020, the stock price of Bubble Mart has risen more than 22 times from its low point in 2023. The analysis points out that Bubble Mart has built a difficult to replicate moat through the triple engine of "IP incubation+supply chain+globalization". The core IP Labubu series has become a growth point for nuclear explosions. By 2024, the global sales of Labu will reach 3 billion yuan, a 7-fold increase compared to the same period last year, and limited edition models will have a premium of over 10 times in the second-hand market. Industry insiders believe that in the future, the core IP explosive products of silicone products will usher in a new cycle of explosive growth, and silicone product creative design companies may become one of the most profitable industry chain companies in the silicone industry.
On Monday, the average transaction price of DMC for 11 individual enterprises nationwide was 11550 yuan/ton, which remained stable compared to last Friday. As of June 9th, the mainstream spot prices for DMC are 11000-12500 yuan/ton, cracking material DMC is 10300-10800 yuan/ton, raw rubber mainstream is 12800-13300 yuan/ton, 107 rubber mainstream is 12500-14500 yuan/ton, domestic silicone oil mainstream is 14500-15800 yuan/ton, and imported silicone oil is 18500-19500 yuan/ton. 421 # metal silicon is reported at 8500-10600 yuan/ton, and chloromethane is reported at 1900-1950 yuan/ton. Metal silicon and methanol futures continue to fluctuate slightly, and there is still a bearish sentiment in the market. Industry data shows that over 50% of individual factories currently have high inventory levels. In order to alleviate financial pressure, the enthusiasm of enterprises to take orders has significantly increased. However, the downstream demand side continues to be weak, and buyers have a strong wait-and-see attitude towards price cutting, resulting in light market trading.   
The prices of the entire industrial chain are under pressure: with the continuous decline in raw material DMC prices, raw rubber, 107 rubber, and silicone oil products are also falling. Although the prices in the mixed rubber market are weak and stable, there are many discounts in actual transactions. The weakening of cost support coupled with insufficient terminal orders has led to an increase in bearish expectations among downstream enterprises. Some manufacturers have voluntarily lowered their quotations to digest inventory, further exacerbating downward pressure on the market. Industry dilemma deepens: The current price of organic silicon has fallen below the cost line of most individual enterprises, and the survival pressure of small and medium-sized industrial chain enterprises is particularly prominent. Due to the continuous decline in orders and the lack of stabilization signals in raw material prices, some small manufacturers are facing problems such as customer loss and tight funding chains. Analysis points out that under the background of overcapacity, the organic silicon industry may usher in a new round of reshuffle in 2025, and weak enterprises have a high risk of exit. Outlook for the future: In the short term, there is still room for a downward trend in DMC prices, while the demand recovery in terminal construction, electronics, daily chemical, textile and other fields is weak. It is expected that the organic silicon market will maintain a stable to weak operation. The recovery of industry profits needs to wait for the improvement of supply and demand patterns. It is recommended to pay attention to the progress of production reduction and inventory reduction in the third quarter, as well as the driving force of emerging demand such as new energy.
A significant increase across the board! Multiple silicone factories make a huge profit of 28%! In late May, platinum, which has always had an average trend, quickly launched an upward trend. Yesterday, spot platinum prices reached a high of $1172.59 per ounce, and the main contract for platinum futures in New York rose nearly 5% during the day, reaching a high of $1152.5 per ounce. Data shows that spot platinum prices have risen by 28% so far this year, reaching a new high in nearly two years. This' white storm 'quickly became a focus of attention for silicone factories to replenish inventory and buyers. Officials from Heraeus pointed out that the platinum market has been experiencing a supply gap for three consecutive years, and the explicit inventory level continues to decline. If the supply and demand fundamentals maintain the current trend, platinum prices may continue to strengthen. Currently, platinum has a significant discount compared to gold, and this price advantage is attracting wholesalers to increase inventory, but demand in the industrial sector still faces pressure.
Liquid silicone experts believe that the fluctuation of platinum prices is mainly driven by the supply and demand pattern. The surge in prices this round is due to the valuation repair of the precious metal sector, the growth of industrial application demand, and the resonance of financial value reassessment. As a special commodity with dual attributes, platinum's long-term undervalued hedging and investment functions are gaining market repricing. In the medium to long term, under the background of green energy transformation, the platinum price center is expected to maintain a fluctuating upward trend. But in the short term, the market faces multiple tests: in the next 12-24 months, although there is upward momentum, we need to be vigilant about the impact of macroeconomic risks in the United States on industrial demand. It is particularly noteworthy that the inflationary stickiness brought about by previous trade protection policies may exacerbate the pressure of "stagflation". If the risk of economic slowdown emerges, platinum consumption in industries such as automobile manufacturing and chemical industry may be under pressure, thereby restricting the upward space of prices. The current market needs to pay more attention to the marginal impact of the Federal Reserve's policy path and the progress of the hydrogen energy industry on platinum demand.