On March 24th, the organic silicon sector surged by 3.84%. The concept of organic silicon saw a significant increase, rising by 3.84%. In terms of individual stocks, three stocks including Fuxiang Pharmaceutical, Huasheng Lithium Battery, and Hongbai New Materials hit the limit up. ST Hongda rose by 5.14%, Demi Chemical rose by 4.56%, Stellar Technology rose by 4.51%, Chengguang New Materials rose by 4.22%, Jitai Stock rose by 4.07%, and Silicon Treasure Technology rose by 3.91%.
Silicon Treasure Technology: Recently, the company's products have undergone varying degrees of price increases. On March 24th, Silicon Treasure Technology responded to investors' questions on the interactive platform, stating that the company has built a rich product system including high-end silicone sealants, hot melt adhesives, silane coupling agents, silicon carbon negative electrodes, etc. Among them, the main raw materials for silicone sealants are silicone polymers, and one of the main raw materials for hot melt adhesives is petroleum based polymers. The company has a systematic and comprehensive pricing process, which will adjust product pricing strategies in a timely manner based on market demand and fluctuations in raw material prices for different products. Recently, the company's products have undergone varying degrees of price increases. Overview of Organic Silicon Market on March 24th: The domestic DMC market remained stable but slightly weak today, with the national average price remaining at 14000 yuan/ton, unchanged from the previous trading day. As the end of the month approaches, most individual manufacturers are more willing to ship, and some transaction prices can be negotiated to the lower end of the range. Some individual factories have released signals of price increases in April, and the downstream wait-and-see attitude is gradually loosening, resulting in an increase in inquiry activity compared to the previous period. However, due to insufficient support from actual terminal demand, downstream procurement is still mainly focused on buying at low prices to replenish inventory, and large transactions are still limited. It is expected that market prices will maintain narrow fluctuations in the short term, mainly influenced by factors such as supply, the gradual resumption of operation of some pre maintenance facilities, and the possible increase in production capacity planned for shutdown and maintenance in April; In terms of market sentiment, both buyers and sellers are still in a stalemate game stage. From a cost perspective, the overall production level in Xinjiang has basically recovered to the pre holiday state, while there have been sporadic resumption of production in the southwest region. The overall market supply is relatively loose, making it difficult for manufacturers to raise prices. At present, the price is not attractive enough to downstream customers, and there is a multi-dimensional demand for essential purchases. According to market sample research results, about 70% of industrial customers believe that the industrial silicon market will mainly operate in a volatile manner in the short term.
Wacker has made another milestone in expanding its silicone oil production capacity in India. The new silicone oil lotion production complex located in Wakpanagar plant has been officially put into production. This factory produces silicone oil that meets GMP certification standards and supplies it to the cosmetics and personal care industries. The operation of the new factory will significantly increase the production capacity of Wacker Group's silicone oil lotion in India and create 60 new jobs for the factory. Wacker has successfully completed the second phase expansion project of its production base in Panagar, India. In addition to silicone rubber, the base also operates a silicone lotion production complex. The products produced by this 15000 square meter complex fully comply with the Good Manufacturing Practices (GMP) guidelines of the European Federation of Cosmetic Ingredients (EFfCI). Christian Kirsten, a member of the Executive Board of Wacker, announced at the launch ceremony that "our factory in Panagar has truly reached world-class standards and will produce high-quality high-purity products with huge market demand, especially in the cosmetics and personal care industries." For Wacker, the personal care industry is one of the main pillars of its silicone business in India. Wacker Metroark Chemicals, a wholly-owned joint venture of Wacker, is a leading supplier of organic silicon raw materials for cosmetics, shampoos, and personal care products. In addition to local manufacturers, the company's customer base also includes international consumer goods companies. Tom Koini, head of Wacker's organic silicon business unit, said, "The market demand for our organic silicon products continues to be strong, and we expect to achieve further significant growth in the Indian market. By expanding our production scale in Panagar, we can better meet the growing demand and support customer business growth. Wacker began producing organic silicon products in India in 1999. At its Amtara plant near Calcutta, the company produces silicone oil, lotion and silicone rubber compounds. In 2022, Wacker's new 165000 square meter factory in Panagar will be put into operation. This factory produces silicone rubber and ready to use silicone compounds, mainly targeting the electric vehicle, medical technology, and power supply industries. With the commissioning of the second phase expansion project, Wacker's factory in Panagal, India, has become the second important pillar of Indian silicone oil lotion production. Wacker plans to take a leading position in the regional silicone oil supply chain through further expansion measures. In the future, Amtara Factory, previously the production center of Indian silicone oil and lotion, will focus more on product and process research and development. The successful completion of the Panagar expansion project is key to our future success in India, "said Sascha B ü chel, General Manager of WMC, at the opening ceremony