The 8th China Fluorosilicon Industry Green Development Conference 2025, the 21st Organic Silicon Academic Exchange Conference, and the "Double Recruitment and Double Introduction" Promotion Conference, jointly hosted by the China Fluorosilicon Organic Materials Industry Association and other units, were successfully held in Yongxiu County, Jiangxi Province yesterday. Over the past year, Yongxiu County has made precise efforts in downstream applications and innovatively launched the "Big Knock on the Door" action for organic silicon. A total of 5 centralized contracts were signed throughout the year, and 106 new projects were implemented, including 36 organic silicon projects, an increase of 24 compared to the same period last year, reaching a historical high. Through the implementation of the three-year doubling action plan for the organic silicon industry, 44 key projects including the Spark Organic Silicon "Phoenix" project with a total investment of 5 billion yuan have been completed and put into operation; 58 projects, including Bailihe with an investment of 2 billion yuan, have also started construction comprehensively, achieving leading and full chain development.
On Thursday, the mainstream price range of the domestic organic silicon DMC market remained stable at 11100-12300 yuan/ton. The DMC market remained stable in the short term, but there was significant upward resistance. The current market is in a game stage of "tight supply" and "weak demand", and prices are unlikely to experience significant fluctuations in the short term.
From the perspective of supply and demand structure, market deadlock: On the supply side, due to the ongoing delivery of pre-sale orders and the shutdown and maintenance of some equipment, DMC spot supply is tight, and production enterprises have a strong willingness to raise prices. On the demand side: Downstream procurement enthusiasm is not high, and the acceptance of high prices is limited, which makes it difficult to increase actual transactions and restricts further price increases.
The cracking material market has fallen into a deep slump: the recycling price of waste silicone raw materials has fallen to 3100 yuan/ton, a historic low, with a drop of 85% from the high point in 2021. Under the continuous pressure of low prices and high volume of new materials from major enterprises, the cost advantage of cracking materials has been lost, and many cracking material factories have stopped production due to severe shortage of orders. It is expected that the cracking material market will find it difficult to break out of a weak pattern in the short term.
Market outlook: Despite the tight spot market supporting manufacturers' price mentality, insufficient demand follow-up has led to a stalemate in the market. If there is no significant improvement in demand or further contraction of the supply side in the future, DMC prices may continue to narrow down. The cracking material market will still face the dual pressure of competition from new materials and shrinking demand, with insufficient recovery momentum.
Artificial intelligence (AI) companies are losing money at an astonishing rate, and the reasons are far more than just burning money recklessly. At least for now, the economic viability of AI has sharply declined, which is extremely detrimental to them, and the reasons for this are beyond the expectations of many people. The success of large-scale bets in the field of AI may be highly concentrated in a few companies, even by the standards of venture capital. Some people believe that a large-scale AI investment foam is on the verge of bursting, which may trigger a crisis comparable to the bursting of the Internet foam, or even more serious than this. They are increasingly concerned about huge capital expenditures, soaring valuations, high debt levels, and the cyclical pattern of mutual investment among AI companies.
IDC released data showing that the shipment of smartphones in China in the third quarter of 2025 was approximately 68.4 million units, a year-on-year decrease of 0.6%. Among them, vivo shipped 11.8 million units, a year-on-year decrease of 7.8%, with a market share of 17.3%. Apple shipped 10.8 million units, a year-on-year increase of 0.6%, with a market share of 15.8%. Huawei shipped 10.4 million units, a year-on-year decrease of 1%, with a market share of 15.2%. Xiaomi shipped 10 million units, a year-on-year decrease of 1.7%, with a market share of 14.7%. OPPO shipped 9.9 million units, a year-on-year increase of 0.4%, with a market share of 14.5%. Honor shipped 9.8 million units, a year-on-year decrease of 2.1%, with a market share of 14.4%.
Some of the world's top commodity traders have stated that the long-awaited oil surplus is finally beginning to emerge and may lower prices. Since the end of last month, Brent crude oil has fallen by 11% due to massive production by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, as well as oil producing countries outside the organization, at a time when the market generally believes it is facing oversupply. The forward curve used by traders to measure market strength is also outlining the bearish outlook for the US crude oil market next year. The International Energy Agency stated that the scale of oversupply in 2026 will be approximately 4 million barrels per day, which is about 18% higher than expected a month ago.