The trading atmosphere of DMC in China is slightly mild, with the latest market reference average price around 13000 yuan/ton. The trend of basic raw materials such as upstream industrial silicon and methanol is weak, and the expected decrease in overall production costs is further clarified. At the same time, with the increasing risk of inventory backlog in organic silicon monomer enterprises, there is a downward trend in the operating load of manufacturers' equipment in the short term. Despite the pressure on the market, the downward trend of spot prices has been somewhat restrained due to the approaching July industry conference. Can manufacturers restructure their alliances in emissions reduction and become the focus of the market. Both buyers and sellers are waiting for the meeting to release clearer guidelines, while some downstream customers adopt a strategy of "buying at low prices" to make appropriate supplementary purchases. Overall, under the combined effect of weakened cost support and destocking pressure, it is expected that the market transaction price of this product will continue to maintain a weak and slightly downward trend in the short term.
Recently, Dongyue Silicon Materials (300821) announced that its subsidiary, Shandong Dongyue Future Hydrogen Materials Co., Ltd. (referred to as "Future Materials"), has applied to the Shanghai Stock Exchange to withdraw its initial public offering and listing on the Science and Technology Innovation Board. The Shanghai Stock Exchange has decided to terminate its IPO review.
It is reported that the IPO application of Future Materials on the Science and Technology Innovation Board will be accepted by the Shanghai Stock Exchange on June 27, 2025. The withdrawal of this application is mainly based on the adjustment of future materials for the company's business development, and the decision was made after comprehensive analysis. Future materials indicate that a new round of IPO applications will be submitted at an appropriate time in the future. Dongyue Silicon Materials currently holds 5.14% of the shares in Future Materials. The company emphasizes that the withdrawal of the IPO application for the Science and Technology Innovation Board by the participating company will not have a significant adverse impact on the production and operation of Dongyue Silicon Materials. The company also reminds investors to pay attention to investment risks.