This week, the organic silicon market continued its stable trend before the holiday, showing an overall stable and positive operating pattern. From the supply side perspective, the operating rate of individual factories remains at a median level of around 60%. Due to the fact that pre holiday orders still need to be delivered, the overall inventory pressure of the enterprise is controllable, and some manufacturers even continue to be reluctant to sell, showing strong determination to raise prices. The demand side is currently in the stage of resuming work after the holiday, and there is a differentiation in procurement between the middle and lower reaches: leading factories' A-class customers have orderly completed monthly basic stock preparation, while other enterprises mainly focus on digesting inventory. The overall market is showing a state of "bullish surplus and cautious stock preparation". Overall, the upcoming high-quality conference on organic silicon provides confidence for price increases after the holiday. If the supply side agrees to deepen emissions reduction, it may promote a wave of urgent replenishment and follow-up. It is expected that the organic silicon market will show a stable and exploratory upward trend in early March. In addition, on February 27th, platinum prices rebounded strongly, leading the precious metal market. As of the close, the international platinum price was $2410.45 per ounce, up 7.63%, and the domestic platinum price was RMB 531.22 per gram, up 1.68%. It is understood that the slowing popularity of electric vehicles and policy adjustments in the European Union are supporting platinum demand, and it is expected that platinum prices will continue to fluctuate at a high level in the short term. For downstream companies, the price increase of raw material platinum will directly push up production costs, putting significant profit pressure on platinum catalysts and local silicone rubber enterprises. According to our understanding, some silicone rubber enterprises are adjusting their product formulas, reducing the amount of platinum additives added, and using their technological advantages to alleviate cost pressure. As of February 27th: DMC mainstream quotation is 13800-14000 yuan/ton; The price of 421 # metal silicon on the raw material side has dropped slightly to 9500-10200 yuan/ton;
In terms of operating rate: Some individual factories that reduced their workload during the Spring Festival gradually increased their operating rate after the holiday, and the overall operating rate this week was around 65%; Focus on today's meeting, whether individual factories will continue to increase their emission reduction efforts to alleviate the supply side. Considering the negative export risks in the future, it is highly likely that multiple individual units will continue to deepen their emission reduction efforts in March.