Recently, Dow Chemical, OMV Group, and ExxonMobil have successively reported asset sales and layoffs. If the transaction and plan are ultimately fully implemented, the three major energy giants are expected to receive a total of about 11 billion yuan in funds, but at the same time, it may involve adjustments to about 2000 positions. Halliburton, a US oilfield service provider, has started laying off employees in recent weeks. The current situation in the US oil industry is facing rising costs, lower oil prices, and increased volatility. This round of layoffs is the latest round of personnel reduction measures in the industry. Halliburton's layoffs have been ongoing for several weeks. The number of employees in at least three business departments has decreased by 20% to 40%. As of the end of 2024, this world's third-largest oilfield services company has 48395 employees. In June of this year, Halliburton warned of a decrease in activity in the oil and gas industry and stated that it expects a significant decline in annual revenue.
On Monday, the overall performance of the organic silicon market remained stable, with some individual factories still closed for trading and not reporting. The mainstream DMC price was 10700-12300 yuan/ton, with large stability and small fluctuations. In fact, the actual core large transactions were mostly concentrated in the range of 10600-10700 yuan/ton. The prices of 107 rubber, raw rubber, mixed rubber and silicone oil have remained stable, and downstream procurement is still mainly for essential needs, with no significant increase in volume observed.
The trend on the raw material side has shown differentiation, with metal silicon prices continuing to decline weakly, while methanol has risen narrowly. Under the combined effect, DMC costs have slightly fallen, but it has not yet provided substantial support for the profitability recovery of individual factories. The current industry operating rate has slightly rebounded, and there are significant differences in inventory levels among different enterprises. Some manufacturers still face certain inventory pressures, but their willingness to continue offering discounts for shipments has significantly weakened.
Although the traditional "Golden September and Silver October" peak season market did not show as expected, and the overall performance of individual enterprises is still under pressure, the market mentality has recovered compared to the previous period. Most companies believe that the silicone market has basically bottomed out and there is limited room for further decline; However, the recovery of downstream orders is still weak, especially in traditional fields such as construction and textiles where demand recovery is slow. Incremental markets such as new energy, electronics, and silicon products consumption have not yet formed scale support.
The industry is undergoing profound structural adjustments, and the development theme has shifted from "capacity expansion" and "scale competition" to "improving the quality of life" and "exploring new models". Leading enterprises actively promote the fine integration of the industrial chain, increase the development of high value-added products, and accelerate their layout in supply chain collaboration, low-carbon production, overseas market expansion, etc., in order to build core competitiveness in the new round of industrial cycle.
Suddenly! An accident occurred in a large factory, resulting in 5 deaths. On September 8th, Longbai Group announced that on the evening of September 2nd, a safety accident occurred on the sulfuric acid production line of Longbai Xiangyang Titanium Industry Co., Ltd., a wholly-owned subsidiary of the company. Two people died, three people were sent to the hospital but died despite rescue efforts, and one person's vital signs are currently stable after surgical treatment. Long Bai Xiangyang received the "Decision on On Site Handling Measures" issued by the local emergency management department on September 5, 2025, ordering a "temporary suspension of business for rectification". In order to prevent secondary accidents, Longbai Xiangyang has carried out orderly production shutdown and comprehensive investigation of safety hazards in accordance with relevant government requirements, in cooperation with the investigation of the cause of the accident. The announcement states that Longbai Xiangyang is one of the production bases for the company's main product titanium dioxide, and has been orderly shut down in accordance with relevant government requirements. All other subsidiaries of the company are operating normally. The company expresses deep condolences to the victims of this accident and sincere apologies to their families. The company has established a special working group to carry out relevant follow-up work and will urge Longbai Xiangyang to complete the rectification work as soon as possible in accordance with relevant requirements. It is expected that the aforementioned matters will not have a significant impact on the company's ability to continue production and operation.