On Wednesday, there was basically no significant movement in the price of organic silicon, and it remained stable overall. The demand for industrial silicon is still not strong, and it is estimated that the price will fluctuate back and forth in the short term.
For this supply, the mainstream quotation for DMC is 13100-13500 yuan/ton, for 107 glue it is 13700-13900 yuan/ton, for raw glue it is 1390-14000 yuan/ton, and for silicone oil it is 14700-15700 yuan/ton. The individual order market is quite lively, with prices becoming fast and rising sharply. Some companies, due to their small scale or production line shutdown, cannot increase their output much in a short period of time.
In terms of demand, it has become apparent on the side of major clients that upstream and downstream large factories are still negotiating prices for long-term contract orders, and both sides are unwilling to make concessions, so many orders have been pushed back.
Overall, there are fewer people watching downstream, and the purchasing enthusiasm has increased. There are also more inquiries and discussions about orders between upstream and downstream, and the overall transaction atmosphere is good.
At present, the inventory of individual factories in China is generally not high, and pre-sale orders are still increasing. Manufacturers do not have a lot of goods in their hands, and their mentality is also relatively firm, unwilling to lower prices. Additionally, it is rumored that there may be a full-scale reduction in production starting from early December, and the specific implementation still needs to be closely monitored.
Recently, two large manufacturing companies have announced production shutdowns, attracting industry attention. XF Electric (Zhongshan) Co., Ltd. has issued a notice to all employees, officially announcing the cessation of production and operation at the end of November. The company is a cross-border enterprise with a history of 21 years, mainly producing products such as LED lighting, LED silicone light strips, and small home appliances. Its business covers more than 30 countries and regions around the world.
At the same time, KL Plastic Hardware Products (Shenzhen) Co., Ltd., located in Bao'an District, Shenzhen, has also issued a production suspension notice and plans to shut down in batches from September 30th to October 31st. The company was founded in 1993 and specializes in plastic and hardware handles, locks, electronic casings, silicone products, and other products. Its market covers Europe, America, Japan, Canada, and other regions.
According to incomplete statistics, since August this year, multiple cross-border manufacturing companies have successively shut down or gone bankrupt, involving multiple industries such as electronic components, network equipment, lighting, small appliances, hardware, and electronic cigarettes. It is worth noting that these industries are important downstream application areas of the organic silicon industry chain, and their operational fluctuations may have a certain impact on the demand for organic silicon market.