According to the General Administration of Customs, in the first three quarters, China's import and export of goods reached 33.61 trillion yuan, a year-on-year increase of 4%. Among them, exports amounted to 19.95 trillion yuan, an increase of 7.1%; Imports amounted to 13.66 trillion yuan, a decrease of 0.2%. In terms of exports, the growth rates for emerging markets such as ASEAN, Africa, and Central Asia increased by 14%, 27.3%, and 11.8% respectively, while the growth rates for traditional markets such as the European Union and Japan also exceeded the overall level; China's import and export to countries jointly building the "the Belt and Road" totaled 17.37 trillion yuan, up 6.2%.
On Tuesday, the quotation dynamics from major individual enterprises such as Hesheng, Xingfa, and Dongyue showed that the organic silicon market continued to explore an upward trend, with products of various grades generally increasing by 100-200 yuan/ton. The DMC transaction price has risen to over 11000 yuan/ton, and the raw rubber transaction price has also rebounded to over 12000 yuan/ton. The market trading atmosphere has also warmed up.
Although the current prices are still relatively low in recent years and there are structural problems of overcapacity in some areas due to low prices, leading to profit pressure for downstream enterprises in the industry chain and significant performance pressure for some listed companies, positive changes are emerging within the industry.
It is worth noting that there are significant differences in cost control, equipment operation, and product structure among major monomer enterprises. This fundamental differentiation of enterprises has actually pointed out the direction for the annual trend of organic silicon prices - although the market is unlikely to see a significant increase in the short term, the space for deep decline is limited. With the gradual repair of supply and demand structure, the stabilization and gradual upward trend of the industry has become a probable event, and currently it is more of a matter of time.