Continuous oscillation! After a small surge in local individual factories, the willingness of other individual factories to stabilize has increased. However, after several rounds of decline, the order taking situation of most manufacturers has improved but not met expectations, and there is still significant pressure to continue accepting orders. At present, there is a basic resistance, and under the stable quotation, some enterprises still have the phenomenon of negotiating and giving benefits in their transactions. The situation of fighting on their own has also made downstream companies less confident in the rebound of oversold stocks. They are more cautious in stocking up in large quantities, as the upstream trend is differentiated and the negative impact of the market continues to deepen. There is no positive feedback in the short term, and middle and downstream enterprises still hold a bearish sentiment towards July, with limited opening actions at the end of the month. In the short term, under the situation of strong supply and weak demand, individual factories have greater resistance to rebound, or maintain a stable and partially rising situation. As of the 25th, DMC quotations have remained stable at 10300-10800 yuan/ton. 107 rubber and silicone oil market: Currently, DMC prices have stopped falling and stabilized, and downstream companies are keeping a wait-and-see attitude. 107 rubber and silicone oil companies continue to negotiate discounts based on quantity. This week, 107 rubber prices are quoted at 11500-12000 yuan/ton, and silicone oil prices are quoted at 13200-13800 yuan/ton. In recent times, the price difference between 107 glue and DMC or hydrolyzed materials has reached over 1000 yuan. Silicone glue companies have expressed resistance to the high price of 107 glue, and most of them purchase DMC or hydrolyzed materials to produce their own 107 glue. The bonding situation of 107 glue in most individual factories is not good, and there may be significant room for negotiation with core large customers in some areas. At the same time, during the off-season, silicone adhesive companies have already had poor shipments and limited purchasing opportunities. In this situation, there is a high risk of continuous inventory accumulation. Compared to the price of DMC, there is still room for adjustment of 300-500 yuan/ton for 107 adhesive, and the atmosphere of dark price drop bidding is still intense. In terms of silicone oil, major silicone oil manufacturers have also followed the market trend, with the decline basically synchronized with DMC. Coupled with the undigested high priced inventory in the early stage, silicone oil companies have suffered serious losses in recent profits, and the room for negotiation is gradually narrowing. In terms of foreign brand silicone oil: At the end of the month, we will enter a new round of stocking cycle, but currently both domestic and international demand is weak, and the market is difficult to achieve demand resonance, resulting in poor product sales. In addition, foreign silicone oil agents are under great financial pressure, and can only gradually offer profits to cash out and ship. Currently, the agent's quotation is between 16000-18000 yuan/ton, and it continues to operate under pressure. In short, there are many bearish factors in the current market, with a strong bearish sentiment downstream and weak follow-up on new orders. Purchasing is mainly driven by rigid demand, and it is expected that the 107 rubber and silicone oil markets will continue to operate weakly and steadily. Cracking material silicone oil market: The new material market is stable but declining. After a wave of decline in cracking material enterprises, there has been a slight improvement in order acceptance, but overall the shipping situation has not been greatly improved. Currently, the price of cracking material silicone oil continues to be 11500-11800 yuan/ton, and most enterprises continue to remain flat, reducing production to avoid operational risks. In terms of waste silicone, the bearish expectations of silicon product factories remain unchanged, with average production and continuous hoarding of raw materials in warehouses; Although there has been some improvement in the shipment of cracking materials from the plant, it has not yet caused a qualitative change, and there is continued resistance to the purchase of waste silicone burrs. In this situation, the trading volume of waste silicone recyclers has been decreasing. This week, the quotation for burrs has continued to be 3400 to 3800 yuan/ton (excluding tax), and the operation has been consolidated. Overall, currently cracking material plants and waste silicone recyclers are struggling to survive under cost and demand pressures, continuing their production reduction and risk avoidance strategies, waiting for demand to recover and break the deadlock.