Suddenly, a big dive! On the evening of October 21st, spot gold continued to plummet. As of 22:47, the intraday decline of spot gold expanded by more than 6%, reaching $4093.127 per ounce, the largest decline in four years. Spot silver fell 8.17% to $48.106 per ounce. Spot platinum fell over 5.5% to $1561.8 per ounce.
On Wednesday, the domestic silicone market remained weak and stable, with signs of core manufacturers offering discounts for shipments. Although the mainstream quotation for DMC remains at 11200-12300 yuan/ton, the actual transaction focus has shifted downwards. The current market is facing a dual test of supply and demand fundamentals, as analyzed below:
Supply pressure is gradually increasing: the weak trend of upstream industrial silicon brings uncertainty to cost support. At the same time, the centralized restart of individual units after maintenance has led to a rebound in regional operating rates and a trend towards loose spot supply in the market.
The transmission of demand is severely hindered: the current core contradiction lies in the insufficient downstream and terminal demand transmission. The difficulty in smoothly transmitting costs downstream reflects the weakness of the end consumer market, with procurement behavior mainly focused on small orders for essential needs, making it difficult to effectively support prices.
Market mentality and price trend: Under the pressure of supply and demand, the market has a strong bearish sentiment towards November. In order to seize limited orders and alleviate inventory pressure, some individual factories have chosen to actively offer discounts to stimulate shipments, which has led to an improvement in low-priced source transactions but further exacerbated the chaos in the market price system. Although most manufacturers maintain their surface quotations due to the support of previous orders, the high priced sources of goods are basically "priced but not marketable", and the actual transaction resistance is huge.
Industry analysts believe that in the short term, the downside risk of the silicone market will intensify. If the demand side continues to show no improvement, the current "weak stability" pattern may be difficult to maintain, and the price center may further decline. We need to closely monitor the start-up adjustments of individual factories and the marginal changes in terminal demand in the future.
It is also understood that according to industry policy requirements, backbone individual enterprises need to strictly implement the policy of replacing organic silicon production capacity, and develop replacement plans for production capacity exceeding the registered scale by the end of 2025. The policy direction is clear, aiming to strictly prohibit the addition of new production capacity, regulate existing production capacity, accelerate the elimination of outdated production capacity, and promote the optimization of industry structure and high-quality development.
On October 20, 2025, Guangdong Meishiya Technology Co., Ltd. announced the approval of the Environmental Impact Assessment Report for its construction project.
Project Name: Construction Project of Guangdong Meishiya Technology Co., Ltd
Construction Unit: Guangdong Meishiya Technology Co., Ltd
Construction location: No. 70-1 Dujuan Road, Yanghe Town, Gaoming District, Foshan City
Total investment: 50 million yuan
Floor area: 1000m ², building area: 3000m ²
Project Overview: The construction project of Guangdong Meishiya Technology Co., Ltd. is located at No. 70 Dujuan Road, Yanghe Town, Gaoming District, Foshan City, with an annual processing and production of 3.6 million meters of organic silicon leather. (Source: Gaoming Branch of Foshan Ecological Environment Bureau)
Guangdong Meishiya Technology Co., Ltd. was established on July 14, 2022, with its registered address at No. 70-Dujuan Road, Yanghe Town, Gaoming District, Foshan City (registered address), and its legal representative is Fang Lai. The business scope includes general projects: research and development of new material technology; Promotion services for new material technology; Technical services, technology development, technology consulting, technology exchange, technology transfer, and technology promotion; Research and development of biochemical product technology; Production of chemical products (excluding licensed chemical products); Sales of chemical products (excluding licensed chemical products); Domestic trade agency; Import and export of goods.