Ke Er Rui News: In August, the TOP100 real estate companies achieved a sales operation amount of 207.04 billion yuan, a decrease of 1.9% compared to the previous month and 17.6% compared to the same period last year. The monthly performance scale continued to remain at a historically low level. In terms of cumulative performance, the top 100 real estate companies achieved a sales operation amount of 207.088 billion yuan, a year-on-year decrease of 13.1% and an expansion of 0.6 percentage points in the decline. Based on recent market data, the overall construction silicone adhesive industry has entered a phase of adjustment cycle. In terms of A-shares, the leading stock price of silicone adhesive soared by over 60%, with a transaction volume of 64.4 billion yuan. In terms of price, silicone adhesive products have gradually stabilized and entered a relatively flat consolidation stage after a continuous downward fluctuation in the early stage. There is a strong wait-and-see sentiment in the market, with channel distributors mainly focusing on buying at low prices and cautious procurement. Their expectations for this year's traditional "Golden September and Silver October" peak season are generally conservative. Based on comprehensive data and industry feedback, this trend is closely related to factors such as shrinking demand in the downstream construction industry, narrowing fluctuations in raw material costs, and temporary overcapacity in production capacity. It is expected that the silicone adhesive market will continue its current stable and weak operating trend in the short term, with insufficient momentum for significant price increases, and overall consolidation will be the main trend. Last week (September 1st to September 7th), the domestic organic silicon market as a whole showed a stable price trend, with most individual factories maintaining stable quotes, driving downstream purchasing sentiment to remain relatively stable. Some factories continued to slightly lower their prices by 100-200 yuan/ton in order to stimulate shipments. On Monday, a certain benchmark enterprise in Shandong Province bid lower by 100 yuan/ton to 10700 yuan/ton, driving other individual factories to follow suit and offer discounts. The market saw an increase in low-priced orders, and then signs of market stabilization emerged, with manufacturers showing a stronger willingness to raise prices. As of the weekend, the market has shown signs of recovery, with expectations of a rebound from oversold prices increasing. Several individual factories in Zhejiang, Hubei, Shandong, and other regions have closed down, with low prices and limited quantities. Coupled with the gradual release of seasonal stocking demand and the rise of market sentiment, DMC and silicone oil large enterprises have tentatively increased their quotes by 100-300 yuan/ton. The current industry is still generally facing loss pressure, and individual factories have limited enthusiasm for reducing production capacity. The overall market supply is loose, which may restrict the space for price rebound in this round. From the perspective of the spot market, although the order volume has rebounded and cost pressure continues to be high, the load of mainstream single plant equipment remains stable, and there has not been a large-scale production reduction plan yet. Entering September, downstream rigid demand is still insufficient, and the improvement in market transaction atmosphere is limited. Spot prices in East and South China still showed a slight downward trend during the week. However, due to the historically low price of organosilicon and the gradual emergence of cost support, the willingness of enterprises to lower prices has weakened, and the market's wait-and-see sentiment is becoming increasingly strong. In terms of mainstream product transactions: DMC mainstream quotations range from 10800-12300 yuan/ton, and actual transactions tend to lean towards the lower limit of the range; The core customer transaction price of 107 glue is 11500-11900 yuan/ton, with a partial discount of 100 yuan/ton; The price for large-scale rubber producers ranges from 11700 to 12300 yuan/ton, with a tentative increase of 200 yuan/ton for spot goods; The mainstream quotation in the silicone oil market is 13500-14000 yuan/ton, with a discount of 200-300 yuan/ton on imported goods.